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
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
Visual settings don't affect scanner performance, so customize freely for optimal viewing experience.
Advanced Configuration Tips​
Optimization Strategies​
-
Market-Specific Tuning
- Adjust for different market types
- Consider volatility levels
-
Timeframe Optimization
- Configure for specific intervals
- Balance sensitivity levels
-
Performance Management
- Optimize symbol count
- Manage calculation load
Troubleshooting Guide​
Common Issues and Solutions​
-
Scanner Not Loading
- Remove and re-add indicator
- Switch timeframes
- Refresh TradingView
-
Timeout Issues
- Reduce symbol count
- Increase calculation limits
- Check internet connection
Always start troubleshooting with the simplest solution: refreshing the page or reapplying the indicator.
FAQ​
What are the optimal settings for day trading?​
For day trading, use smaller consolidation sizes, tighter tolerances, and enable significant breakouts. Adjust touch points to 3-4 for faster pattern recognition.
How can I improve scanner performance?​
Optimize performance by reducing the number of monitored symbols, increasing calculation intervals, and focusing on specific timeframes rather than scanning all intervals.
How do I reset to default settings?​
You can reset all settings to their defaults by clicking the "Reset Settings" button in the indicator settings panel. This is useful when you want to start fresh with optimization.