Settings
The Wedge Pattern Scanner groups its settings by function. This page covers the behavioral settings; all colors, text sizes, and table position are independently customizable.
Symbols
| Setting | Default | What It Controls |
|---|---|---|
| Symbol slots 1–20 | 10 enabled | Which instruments are scanned; each slot has an enable toggle |
| Use Advanced symbol list | Off | Accepts a comma- or newline-separated list of up to 20 tickers for batch updates |
Default watchlist: NQ1!, ES1!, YM1!, GC1!, SI1!, CL1!, EURUSD, BTCUSDT.P, NVDA, GOOG.
Detection
| Setting | Default | What It Controls |
|---|---|---|
| Use Log Scale | On | Measures trendline slope on a logarithmic price scale for instrument-agnostic accuracy |
| Size 1 / Max Length | 7 / 200 | Primary swing scale and its maximum wedge length |
| Size 2 / Max Length | 14 / 200 | Second swing scale (toggle), adds a column pair |
| Size 3 / Max Length | 21 / 250 | Third swing scale (toggle), adds a column pair |
Detection sizes must be entered in ascending order. Smaller sizes surface frequent, shorter wedges for intraday work; larger sizes surface structural wedges for swing trading.
Trade Management
| Setting | Default | What It Controls |
|---|---|---|
| Trade Directions | Long + Short | Which directions are tracked (Long + Short, Long Only, Short Only) |
| Reverse Breakout | Off | Also tracks counter-direction breaks against the wedge's classic direction |
| Target Type | Fixed Risk Reward | How the take-profit is set: Fixed Risk Reward, Pattern Height, or the larger of the two |
| Fixed Risk Reward | 2.0 | Reward multiple applied to the entry-to-stop distance |
Risk Management
| Setting | Default | What It Controls |
|---|---|---|
| Use Risk Management | On | Computes position quantity from account size and risk % (used by the webhook quantity placeholder) |
| Account Size | 10000 | Account size used to compute position quantity |
| Risk % | 1.0 | Percentage of account size risked per trade |
Alerts & Custom Message
The Alerts group toggles the six alert types and the Custom Alert Message (webhook JSON). See Alerts for the full setup.
Styling
Styling presets (Dark, Light, Custom), table position (nine chart corners), text sizes, exchange-name display, and an optional memory-limit footer note are all configurable. All cell and header colors are independently customizable.
Enable only the detection scales you trade. Fewer enabled scales and fewer symbols both reduce the scanner's memory footprint, which matters most in replay mode.
FAQ
How do I change which symbols the Wedge Pattern Scanner watches?
The Wedge Pattern Scanner has 20 symbol slots in the Symbols group, each with an enable toggle. 10 are filled and enabled by default. For batch updates, turn on the Advanced symbol list and paste a comma- or newline-separated list of up to 20 tickers.
What detection sizes does the Wedge Pattern Scanner use by default?
The Wedge Pattern Scanner enables three detection scales by default, at swing sizes 7, 14, and 21. Sizes must be entered in ascending order. Each scale has its own maximum pattern length and adds its own Long/Short column pair to the table.
What are reverse breakouts in the Wedge Pattern Scanner?
By default the Wedge Pattern Scanner tracks classic breakouts: rising wedges resolving down, falling wedges resolving up. Turning on Reverse Breakout additionally tracks counter-direction breaks, so bullish breaks out of rising wedges and bearish breaks out of falling wedges also appear.