Multi-Symbol Scanning
The Consolidation & Head and Shoulders Scanner displays all monitored symbols in a real-time table with color-coded pattern status. Each symbol can track up to 4 independent pattern detections simultaneously.
Scanner Table
The scanner table has 7 columns showing the current pattern status for each monitored symbol:
| Column | What It Shows |
|---|---|
| Symbol | The instrument ticker |
| Cons. 1 | Consolidation pattern status at detection size 1 |
| HS Long | Inverse H&S (bullish) status at detection size 1 |
| HS Short | Classic H&S (bearish) status at detection size 1 |
| Cons. 2 | Consolidation pattern status at detection size 2 |
| HS 2 Long | Inverse H&S (bullish) status at detection size 2 |
| HS 2 Short | Classic H&S (bearish) status at detection size 2 |
Pattern States
Each cell in the scanner table shows one of 7 states:
| State | Color | Meaning |
|---|---|---|
-- | Gray | No active pattern detected |
ACTIVE | Yellow | Pattern detected, awaiting breakout |
UP | Light Green | Unconfirmed bullish breakout (intra-bar) |
DN | Light Red | Unconfirmed bearish breakout (intra-bar) |
UP CONF | Green | Confirmed bullish breakout (bar closed) |
DN CONF | Red | Confirmed bearish breakout (bar closed) |
FAILED | Gray | Pattern breakout failed or was invalidated |
State Progression
- A pattern forms and is validated → status changes from
--toACTIVE - Price breaks a boundary intra-bar → status changes to
UPorDN(unconfirmed) - The breakout bar closes beyond the boundary → status changes to
UP CONForDN CONF - If the breakout fails → status changes to
FAILED
Focus on ACTIVE patterns — these are setups forming across your watchlist. When a status changes to UP CONF or DN CONF, switch to the corresponding individual indicator (Consolidation and Range Pattern or Head and Shoulders Pattern) for detailed analysis and trade execution.
Dual-Size Detection
The scanner runs two independent detection sizes for each pattern type:
- Size 1 (smaller) — Catches shorter-term patterns more frequently
- Size 2 (larger) — Identifies more significant structural patterns
This means each symbol can have up to 4 active patterns at once — a smaller and larger consolidation, plus a smaller and larger H&S formation.
FAQ
What do the different pattern states mean in the scanner table?
The scanner tracks 7 states per pattern — inactive (--), ACTIVE (pattern detected), UP/DN (unconfirmed breakout), UP CONF/DN CONF (confirmed breakout), and FAILED (breakout failed). Yellow indicates an active pattern awaiting breakout. Green indicates a confirmed bullish breakout. Red indicates a confirmed bearish breakout.
How many patterns does the scanner track per symbol?
The scanner tracks up to 4 pattern detections per symbol — Consolidation at size 1, H&S Long and Short at size 1, and optionally Consolidation at size 2 and H&S at size 2. Each detection operates independently with its own state.
Can I scan symbols from different exchanges?
Yes, the Consolidation and H&S Scanner supports any TradingView symbol including stocks, futures, forex, and crypto from any exchange. Enter the full symbol identifier (e.g., BINANCE:BTCUSDT, NASDAQ:AAPL) in the symbol configuration.