Pattern Scanner Pro
- Indicators
- Version: 2.31
How it works
Pattern Scanner Pro finds 57 chart, candle and smart money patterns on any symbol and timeframe. For each pattern it also shows how that pattern behaved earlier on the same chart. The indicator draws on the chart and does not open trades.
The indicator scans the last 3000 bars by default. When a pattern completes on a closed bar, it draws the pattern with an arrow, an entry, a stop and a target.
Every signal is then followed on later bars. If the target is reached first, it counts as a win. If the stop is reached first, it counts as a loss. If both are reached in the same bar, it counts as a loss. If neither is reached in 50 bars, the signal is measured at the close of that bar.
Results are counted separately for signals with the trend, against the trend and with no trend, using EMA 20, 50 and 100. The result is expressed in R, where 1R is the distance to the stop.
How to read the chart
Grade A means an average result of at least +0.30R. Grade B means at least +0.05R. Grade C means less than that. A question mark means fewer than 8 earlier signals, so there is too little history to grade.
The table in the top right corner ranks the best pattern and trend combinations on the chart. N is the number of signals, WIN is the share of wins, and AVG R is the average result. The last line shows the newest signal.
Only the newest pattern is drawn in full. Older patterns stay as small arrows, and details appear when you hover over them. The buttons at the bottom left turn pattern groups on and off, change the grade filter and switch the trend filter.
Patterns
Reversal: double and triple top and bottom, head and shoulders, cup and handle.
Lines: triangles, rectangle, wedges, channels, broadening.
Flags: bull flag, bear flag, pennant.
Harmonics: Gartley, Bat, Butterfly, Crab, Deep Crab, Cypher, AB=CD.
Candles and volatility: squeeze, engulfing, pin bar, morning and evening star, and others.
Other: diamond, rounding, V shapes, Quasimodo, three drives.
Smart money: fair value gap retest, order block retest, liquidity sweep, CHoCH, BOS.
Some groups are off by default. Each pattern can be turned on or off in the inputs.
Main settings
Show grades: all, A and B, or A only.
Only patterns in the trend direction: on by default.
Pattern size: 3 finds more and smaller patterns, 5 finds fewer and bigger ones.
Patterns kept on the chart: default 5.
Bars to scan: default 3000.
Alert on a new pattern and Push notification: new signal messages.
Limits of the statistics
The win rate and grade describe past bars on your chart only. They do not predict future results, and they do not include spread, commission or slippage. A grade based on a small number of signals can change quickly, so check the N column.
In my own study on XAUUSD, BTCUSD and NAS100, most patterns chosen on 2025 data did not repeat on 2026 data. The squeeze in the trend direction, marked with a star, was the pattern that held up in both years. Use this indicator as a tool for study and for your own decisions, not as a trading system.
