Automatic Chart pattern finder needed

[Dhanush4777]

Hi team @Dhan @PravinJ @RahulDeshpande @Hardik @shraddha
Whenever the chart patterns from in Stocks and Index it has to appear. Kindly refer following screen shot. Is there any possibility to bring this in Dhan Charts itself. Thank you

[Madiya_Khatri]

Hello @Dhanush4777,

Thanks for the suggestion. It would be great if chart patterns could automatically appear on Stocks and Indices in Dhan charts.

[nitishbangera]

@Dhanush4777 It’s a great suggestion, and I would like to know which app you are using which gives this feature of “Chart Patterns”. ET Markets had this feature, but later removed it as analysing chart patterns on multiple time frames is a huge burden.

Dhan provides an indicator, i.e. “Dhan Candlestick Patterns”. Alternatively, you can create a watchlist of stocks and then apply this indicator to see if the relevant chart patterns are occurring on the stock’s chart or not.

[Dhanush4777]

Thank you @nitishbangera , This is shared to me by one of my friends. The app is Angelone.

[Dhanush4777]

Most welcome @Madiya_Khatri

[Naman]

Hi @Dhanush4777 @nitishbangera

Already on Dhan Charts. Live since Dec 2024

Introducing: Auto-detection of Candlestick Patterns on Dhan charts

Hello Everyone, We all agree that trading is not easy and it takes time to build that as a skill over a period of time. Traders need to learn and master many things - charts, technicals, understanding of markets and much more to analyse and build their strategies. It often takes months, or even years of learning and practice for a trader to see the fruits of their efforts. Trading is meant for those and will also work for those who will practice it enough to build it as a skill. And in the sam…

Also available on scanx.trade, under Candlestick Screeners and available as filters in Create section as well.

Candlestick Stock Screener - Free Screener for Candlestick Analysis | ScanX

[nitishbangera]

@Naman Thank you for sharing the details of the screener, but I think that is not what the original requirement of the post was, which was “chart patterns”. Candlestick patterns were an alternative, but not exactly the same as chart patterns.

[Dhanush4777]

Yes exactly @nitishbangera.
@Naman Kindly consider the screen shot which I have shared at the beginning.

[nitishbangera]

@thisisbanerjee Yup, I am aware and hence I had suggested Candlestick patterns as an alternative. ET Markets had this feature, but they removed it because of the tracking that is involved in it. Angelone is cool to still giving this feature to its users.

[Dhanush4777]

Yes @thisisbanerjee not available on dhan that’s why we have requesting to bring this on dhan charts ( tv.dhan.co)

[Dhanush4777]

Yes I do use in TradingView but if it’s on dhan then it will be easy for everyone @thisisbanerjee

[nitishbangera]

@thisisbanerjee Thanks for the PineScript. You are correct that it’s not accurate, and I believe the tech won’t be accurate compared to a manual view . The problem is not going through a watchlist and then applying the chart pattern. It’s the other way round, which Angelone does, i.e. identify and then notify.

Btw, to clarify, it wasn’t a debate. It was just a mention that it would be cool to have it, but I do understand that it’s difficult to implement. I would love to have a H&S, Inverted H&S, Double bottom and double bottom and then match it with the Candlestick patterns

[nitishbangera]

@thisisbanerjee That is exactly my view too, hence my suggestion was to keep a watchlist of stocks and apply the candlestick pattern indicator to it so that we do it selectively and still enjoy the speed Dhan gives . ET prime had AI chart patterns, but given the complexity, they removed it as well . As you previously mentioned, if Dhan could integrate the pinescript as an indicator, then it would be cool too, which would apply only on the watchlist and not implement it as an alert.