Price Breakout routine Scanner is a completely automatic and powerful analysis tool for traders and investors. It defines this following patterns on the graph.

• Head and Shoulders are a frequent pattern for trading.
• reverse Head and Shoulders-This pattern is the reverse of the Head and Shoulders pattern.
• double high – if the price reaches the immunity amount double and extends down to the service level, the dealer can expect a sudden bearish breakout of the support level.
• Double underside-Double bottom is the opposite of the “Double Top” shape.
• Triple top – when the price reaches the resistance level three times and falls to the support level, the trader can expect a sudden bearish breakout of the support level.
• The triple bottom is the opposite pattern from the triple top.
• Triangle-Several different types of triangle model include symmetrical triangle, ascending triangle, and descending triangle.
• Ascending wedge-similar to a triangle. However, its angle is tilted more strongly than in a standard triangle.
• Descending Wedge-this pattern is also similar to a triangle. However, its angle is tilted more strongly than in a standard triangle.
• 52 Candle Patterns-Price Breakout Pattern Scanner can detect 52 different bearish and bullish candle patterns. Candle patterns include hanged, shooting star, engulfing, doji, harami, etc.

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In addition to this pattern detection, you can also use all the features of Smart Renko indicator, automatic detection of round numbers and trading recommendations.

Price Breakout Pattern Scanner can be used in different modes. If support and resistance levels are important in your trading, you can run the Price Breakout Pattern scanner in Support Resistance mode. To do this, set the “Display As Support Resistance” = true. If you set “Display As Support Resistance ” = false, the Price Breakout pattern scanner will display the patterns as triangles. With the Price Breakout pattern scanner, you can apply them on a custom timeframe. This means that you can apply multiple Price Breakout pattern scanners on the same chart. To use the Price Breakout pattern scanner on a custom timeframe, set the “Timeframe to detect Price Breakout Patterns” parameter to the preferred value, including H1, H4, D1, W1 or MN1, etc.

• Set false to switch off Price Breakout Pattern Scanning-Set false to disable the detection of breakout patterns
• Use Renko Filter for Pattern detection: true or false only-Use Renko Filter for pattern detection, true or false
• Timeframe to detect Price Breakout Patterns – timeframe to detect patterns
• Display As Support Resistance (true = support resistance, false = triangle) – display in the form of support and resistance
• Max number of patterns to display: Control this input if you want to see more than one pattern simultaneously. For example, set this to 3, then price breakout pattern scanner will show 3 latest patterns at the same time.

You can use the Price Breakout Pattern Scanner on multiple timeframes in a single chart. This allows you to perform a complete geometric analysis in a fully automatic mode. You can get short-, medium -, and long-term analysis on a single chart. To use multiple copies of the Price Breakout Pattern Scanner on the same chart, you need to change the “Timeframe to detect Pattern” and “Button Coordinate Y”. If you don’t change the “Button Coordinate Y”, you won’t be able to fully control the Price Breakout Pattern Scanner, as some buttons will be hidden under other buttons. We recommend setting the value to 80 for the Button Coordinate Y of the second Price Breakout Pattern Scanner. Similarly, you can set the value to 100 for the Button Coordinate Y – Price Breakout Pattern Scanner if the Button Height value is 20.

Price Breakout Pattern scanner is a very complex trading system. The full text of the description does not fit on this page. More detailed information can be found in the section “