Consolidation and H&S Scanner Settings

Learn how to optimize your pattern detection settings and customize the scanner's behavior for maximum trading effectiveness.

Pattern Detection Settings

Core Configuration Parameters

• Consolidation Size: Control pattern size detection (small to large)
• Min. Touch Points: Set validation threshold for pattern touches
• Tolerance: Fine-tune pattern accuracy (lower = more precise)
• Head and Shoulders Size: Adjust H&S pattern detection range
• Use Straight Neckline: Enable linear neckline calculations

Pro Tip

Start with default settings and gradually adjust based on your trading timeframe and asset volatility.

Trade Management Configuration

Risk and Reward Parameters

Parameter	Description	Recommended Range
Significant Breakouts	Filter for high-probability breaks	Enabled for daily charts
Min. Risk-Reward	Entry criteria ratio	1:1.5 to 1:3
Take Profit Levels	Multiple TP targets	Based on pattern size

Alert Configuration

• Pattern Formation
  • Consolidation detection alerts
  • H&S pattern identification
• Breakout Signals
  • Initial breakout notifications
  • Confirmation alerts

Visual Customization

Display Settings

• Table Position: Optimize chart placement
• Text Formatting: Adjust visibility and clarity
• Symbol Display: Configure identifier format

Performance Impact

Visual settings don't affect scanner performance, so customize freely for optimal viewing experience.

Advanced Configuration Tips

Optimization Strategies

1. Market-Specific Tuning

   • Adjust for different market types
   • Consider volatility levels

2. Timeframe Optimization

   • Configure for specific intervals
   • Balance sensitivity levels

3. Performance Management

   • Optimize symbol count
   • Manage calculation load

FAQ

Troubleshooting Guide

Common Issues and Solutions

• Scanner Not Loading

  1. Remove and re-add indicator
  2. Switch timeframes
  3. Refresh TradingView

• Timeout Issues

  1. Reduce symbol count
  2. Increase calculation limits
  3. Check internet connection

Resolution Steps

Always start troubleshooting with the simplest solution: refreshing the page or reapplying the indicator.

Next Steps

Configure Scanner Alerts

Set up custom alerts based on your optimized settings

Multi-Symbol Scanning

Learn how to effectively scan multiple symbols with your configured settings