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The Patterns section in the Scanner module settings allows users to specify which market patterns the scanner will search for during its analysis. This feature is essential for tailoring the scanner's operation to the specific needs and strategies of the trader.

 

Available Patterns

The Scanner module supports a variety of patterns, categorized into two main types:

  1. Chart Patterns

  2. Candlestick Patterns

Selecting Patterns

Users can choose patterns individually by checking the boxes next to each pattern name, or they can use the toolbar icons to manage pattern selection more efficiently:

  • Select All Patterns: This option selects all available patterns in both Chart and Candlestick categories.

  • Select Patterns in Selected Folder: This option selects only the patterns within the currently selected folder (either Chart Patterns or Candlestick Patterns).

  • Deselect All Patterns: This option clears all selected patterns, allowing users to start a new selection from scratch.

 

Detailed Pattern Selection

 

Chart Patterns

Chart patterns are formations created by the price movements of an asset on a chart. These patterns are used by traders to predict future price movements based on historical data. Common chart patterns include:

  • Head and Shoulders
  • Double Top/Bottom
  • Triangles (Ascending, Descending, Symmetrical)
  • Flags and Pennants

For a comprehensive list of chart patterns supported by the Scanner module, please visit Chart Pattern Scanner.

 

Candlestick Patterns

Candlestick patterns are specific formations created by one or more candlesticks on a price chart. These patterns are crucial for identifying potential market reversals or continuations. Common candlestick patterns include:

  • Doji
  • Hammer
  • Engulfing Pattern (Bullish and Bearish)
  • Morning Star
  • Evening Star

For a detailed list of candlestick patterns supported by the Scanner module, please visit Candlestick Scanner.

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