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📜 patterns scanned by the indicator one candle patterns hammer; shooting star; marubozu (bullish/bearish); doji two candle patterns belt hold (bullish/bearish); engulfing (bullish/bearish); harami (bullish/bearish); harami cross (bullish/bearish); kicker (bullish/bearish); window (rising/falling gap); piercing line / dark cloud cover three candle patterns outside up / down bar; inside up / down bar; morning star / evening star; three white soldiers / three black crows; advance block / descent block; tasuki gap (upside/downside); side by side white lines multi candle patterns rising one / falling one; rising two / falling two; rising three / falling three; rising four / falling four; rising five / falling five; breakaway two / three / four / five (bullish/bearish); fakey (bullish/bearish) with this tool, traders can visually and systematically track key candlestick setups across multiple timeframes simultaneously, making it an all in one solution for identifying actionable patterns 🎯 purpose of usage the primary goal of the "aqpro pattern map" is to equip traders with a highly efficient way of identifying significant candlestick patterns across different timeframes, making the decision making process stronger in a sense of both quality and quantity of presented information specifically, this indicator addresses the following needs 1 automation of pattern detection nobody likes searching for patterns on the chart "by hand", because it takes too much time and mental energy with this screener you can forget about this problem automatic scanning for 27 of the most commonly used patterns will save your tens, if not hundreds of hours of time, so you can focus on what really matters; 2\ multi timeframe (mtf) analysis this one is one of the most unique features of this indicator, because after conducting product research in library of open source scripts alike this screener, almost none of reviewed indicators had mtf analysis feature embedded in them this feature is important for the simplest of reasons you see candlestick data from other timeframes without jumping from one timeframe to another needless to say how much time it will save for traders over the years of trading see description below to learn more on exact functionality of our mtf analysis; 3\ risk management automation humans tend to overestimate risk, when matters are about earning money from "financially dangerous" activities and trading is no exception to help traders better understand what they risk, we implemented a simple, yet effective way of displaying levels of risk for each pattern for each new pattern on the chart you will be able see automatic creation of take profit (tp) and stop loss (sl) levels it involves creation and displaying of lines and labels, representing each level at its exact coordinates this elevates visual perception of risk for fellow traders and avoid excessive risk in many cases; 4\ simplicity in data visualization charts, which are cluttered with pointless visual noise, presented as 'additional confirmation analysis', don't foster insights and are not worth a dime we understand this issue very well and we designed our indicator with the solution to this problem in mind every bit of information, that you will see on your chart, will make sense both technically and visually — no more wasting time cleaning mess on your charts by addressing the needs, described above, this indicator will be a useful tool for any trader, who employs principles of candlestick pattern analysis, because most important pains of this kind of analysis are efficiently handled by our indicator ⚙️ settings overview customization options of our indicator are quite extensive, because flexibility in such indicator is in the top of most important qualities let's review each group of settings deeper 📈 application guide the way of application of this indicator is pretty straightforward, because trading methodologies based on candlestick patterns were developed decades ago and haven't changed much since then however, we find it necessary to explain the most essential ways of application in this section let's start with the basics — how you will your chart look when you load the indicator for the first time by default we have 5 main visual data "blocks" bullish patterns; bearish patterns; risk visualization; main dashboard; mtf screener let's review each of these groups one by one bullish & bearish patterns patterns are displayed as up/down labels, which are styled in corresponding to trend colours each patterns has its own unique emoji to help traders easily navigate between patterns also by default each pattern has its custom frame, inside of which resides candle (or multiple candles) of the pattern iself these frames are made with purpose to show each pattern in a very clear way on the chart, because huge number of public scripts usually only show simple label of such patterns and don't highlight the pattern itself on the chart to remove frames you can set "frame width" parameter to 0 in 'visual settings' group in the settings you can see the examples of frame on the screenshot below risk visualization (tp & sl) displaying take profits and stop losses in our indicator on the chart works quite simple for each new trade indicator creates new pairs of lines and labels for tp and sl, while lines & labels from previous trade are erased for aesthetics purposes each label shows price coordinates, so that each trader would be able to grap the numbers in seconds see the visual showcase of tp & sl visualization on the screenshot below also, whenever tp or sl of the current trade is reached, drawing of both tp and sl stops when the tp is reached, additional '✅' emoji on the tp price is shown as confirmation of take profit however, while tp or sl has not been reached, tp\&sl labels and lines will be prolonged until one of them will be reached or new signals will come see the visual showcase of tp & sl stopping being visualized & tp on the screenshot below main dashboard main dashboard is displayed in the top right corner of the chart and it shows the data of latest pattern, that occurred on the current asset and current timeframe pattern's name, tp, sl and trade status depending on bullishness or bearishness of the pattern, dashboard is colour in respective colour also on the right of side tp and sl data block there is a so called trade status it is basically an indication of wether or not latest pattern's trade is still active or not if tp or sl of the pattern have not been reached yet, trade is considered active and is marked with '⏳' emoji; if tp or sl of the pattern have already been reached, trade is considered inactive and is marked with '✋' emoji see the visual showcase of dashboard on the screenshot below mtf screener mtf screener is displayed right below the main dashboard and its has distinctive 'mtf patterns' header row on the top, painted in gray colour to make sure that every traders understand he is looking at this screener shows the timeframe and name of patterns from four other timeframes, which trader can customize in the settings to his liking this will help trader get more insights on global sentiment of other timeframes, which improves trading results overall if applied correctly in the future mtf screener will be expanded to have more data in it, like tp and sl, age of pattern and etc see the visual showcase of the mtf screener on the screenshot below features, explained above, make this indicator quite versatile and suitable for incorporation in any trading strategy, which uses candlestick patterns they are simple, yet insightful, and traders, which use similar strategies everyday, will truly appreciate the benefits of this indicator when they will set up this indicator for the first time on their chart 🔔 alerts this indicator employs alerts for an event when new pattern occurs while creating the alert below 'condition' field choose 'any alert() function call' when this alert is triggered, it will generate this kind of message string msg template = "exchange\ asset, timeframe bullish or bearish pattern pattern name was found " string msg example = "binance\ btcusdt, 15m bullish pattern 'hammer' was found " 📌 notes this indicator is most effective when used in combination with other technical analysis tools such as trendlines, moving averages, support/resistance levels or any other indicator type tool we strongly recommend using this indicator as confirmation indicator for your main trading strategy, not as primary source of signals; if you want to trade directly by these patterns, make sure to use proper risk management techniques of your own and use tp\&sl visualization on the chart to always have a clue about your current position; if you lost track of visual components on the chart, look at the main dashboard to see text summary of data from latest pattern also don't forget to look at mtf screener to have more context about mtf sentiment, because it is increases your understandings of mtf price trend and improves your decision making process 🏁 afterword aqpro pattern map was built to help traders automate candlestick pattern searching routine, improve chart readability and enhance perception of current potential risks, which may come from trading from a specific pattern indicator's main dashboard and mtf screener eliminate the need for constantly checking other timeframe for global sentiment, helping traders save even more time and fostering improved decision making this indicator will work in great conjunction with any other trading strategy as confirmation tool for entry decision using this indicator as primary source of signals is not recommended due to unstable nature of trading patterns