Consolidation and H&S Multi-Symbol Scanning

Learn how to effectively use TRN's multi-symbol scanning capabilities to monitor multiple markets simultaneously for consolidation and Head and Shoulders patterns.

Setting Up Symbol Scanning

Adding Symbols to Scanner

1. Access indicator settings via the gear icon
2. Navigate to the "Symbols" section
3. Enable desired symbols with checkboxes
4. Add up to 20 symbols for concurrent monitoring

Pro Tip

Choose symbols with similar volatility and trading characteristics for more consistent pattern detection.

Pattern Monitoring Dashboard

Understanding Pattern Status

The scanner provides real-time status updates through an intuitive dashboard:

Status	Description
ACTIVE	Pattern currently forming
UP	Bullish breakout in progress
DN	Bearish breakout in progress
UP CONF	Confirmed bullish breakout
DN CONF	Confirmed bearish breakout
FAILED	Pattern failed to confirm

Timeframe Specificity

The scanner operates on your selected TradingView timeframe, ensuring pattern detection aligns with your trading perspective.

FAQ

Next Steps

Consolidation and Range Pattern

Learn how to use the consolidation and range pattern to identify consolidation zones and breakout opportunities.

Head and Shoulders Pattern

Learn how to use the head and shoulders pattern to identify potential trading opportunities.