Patterns Pro
Updated
Patterns Pro is your automatic pattern scanner. Traders have spent decades learning to spot formations like triangles, wedges and engulfing candles by eye — this indicator finds them for you, in real time, and labels them right on your chart. It runs two independent engines: one for chart patterns and one for candlestick patterns.
Engine 1 — Chart Patterns
Chart patterns are the big shapes price draws over many candles. Patterns Pro maps the market's swing highs and lows (a zigzag), then checks whether the last several swings form a recognised pattern — triangles, wedges, channels, flags and other classic formations.
- When a pattern is confirmed, it is drawn directly on the chart in your Main Colour and labelled with its name.
- It scans at several degrees of trend at once, so it catches both small, short-term shapes and much larger ones on the same chart.
- Patterns are only confirmed on closed candles, so a shape won't appear and then vanish mid-candle.
- A pattern needs at least six swing points to qualify, and it allows a sensible tolerance so real-world, slightly-imperfect shapes still register.
Engine 2 — Candlestick Patterns
Candlestick patterns are short formations of two to six candles that often mark a turning point. Patterns Pro carries a large library of these bullish and bearish reversal formations and marks each one it finds:
- A green Bull label prints below the candle when a bullish reversal formation completes.
- A red Bear label prints above the candle when a bearish one completes.
- Every pattern is volatility-aware: it measures each candle against ATR (the average size of the last 14 candles), so it only flags formations that are genuinely significant for that market — not tiny noise on a quiet chart.
- A short cool-down prevents the same signal repeating on back-to-back candles, keeping your chart readable.
Settings
Patterns Pro is deliberately simple — five settings, in two groups.
Display Settings
- Enable Candle Patternsdefault: on
- Turns the Bull/Bear candlestick labels on or off. Switch it off if you only want the big chart formations.
- Enable Chart Patternsdefault: on
- Turns the drawn chart-pattern shapes on or off. Switch it off for a chart that shows only candlestick signals.
Colour Settings
- Primary Colordefault: green
- The colour of the bullish Bull labels.
- Secondary Colordefault: red
- The colour of the bearish Bear labels.
- Main Colordefault: blue
- The colour used to draw the chart patterns themselves.
How to use it
- Use patterns as confirmation, not as a standalone signal — an OptiTrade buy signal that lands on a bullish candle pattern, or at the edge of a chart pattern, is a much stronger setup.
- Combine it with Bounce Zones: a Bull label appearing inside a green support zone is a classic high-quality reversal setup.
- Chart patterns give you natural targets and invalidation levels — the shape itself shows where price should go, and where the idea is wrong.
- If the chart feels busy, turn off one of the two engines and focus on the other.