Intraday Pattern Scanner
Automatically detect common intraday chart patterns on any stock in real-time. Free, fast, and perfect for day traders.
How It Works
- Enter any stock ticker (e.g., AAPL, TSLA, NVDA)
- Select your preferred intraday timeframe
- Get instant pattern detection with confidence scores
Supported Intraday Patterns
Bullish Flag
Continuation
A brief consolidation after a strong upward move, typically followed by continuation.
Bearish Flag
Continuation
A brief consolidation after a strong downward move, typically followed by continuation.
Bullish Pennant
Continuation
A small symmetrical triangle that forms after a strong upward move.
Bearish Pennant
Continuation
A small symmetrical triangle that forms after a strong downward move.
Ascending Triangle
Continuation
A bullish pattern with a flat upper resistance and rising lower support.
Descending Triangle
Continuation
A bearish pattern with a flat lower support and declining upper resistance.
Symmetrical Triangle
Continuation
A neutral pattern with converging trendlines that can break either direction.
Head and Shoulders
Reversal
A bearish reversal pattern with three peaks, the middle being the highest.
Inverse Head and Shoulders
Reversal
A bullish reversal pattern with three troughs, the middle being the lowest.
Double Top
Reversal
A bearish reversal pattern with two peaks at approximately the same price level.
Double Bottom
Reversal
A bullish reversal pattern with two troughs at approximately the same price level.
How to Use the Intraday Pattern Scanner
- Enter Stock Ticker: Type in any stock symbol you want to analyze (e.g., AAPL for Apple, GOOG for Google).
- Select Timeframe: Choose your preferred intraday interval—1 minute, 5 minutes, 15 minutes, or 1 hour.
- Scan for Patterns: Click the scan button and let the tool automatically detect chart patterns in real-time.
- Review Results: See detected patterns with confidence scores, pattern type, and timing information.
- Make Trading Decisions: Use the identified patterns to inform your day trading strategy and entry/exit points.
What Are Intraday Chart Patterns?
Intraday chart patterns are specific price formations that occur within a single trading day on short timeframes (1-minute to 1-hour charts). These patterns are essential tools for day traders who need to make quick decisions based on price action.
Unlike swing trading patterns that develop over days or weeks, intraday patterns form and complete within hours or even minutes. They help traders identify:
- Continuation patterns: Signals that the current trend will likely continue (flags, pennants, triangles)
- Reversal patterns: Indications that the trend may reverse direction (head and shoulders, double tops/bottoms)
- Breakout opportunities: Key price levels where significant moves are likely to occur
Why Intraday Pattern Recognition Matters
For day traders, timing is everything. Intraday patterns provide crucial insights that can mean the difference between profit and loss:
- Speed: Instantly identify patterns that would take minutes to spot manually, giving you a competitive edge.
- Objectivity: Remove emotional bias from pattern identification with systematic detection.
- Consistency: Apply the same pattern recognition criteria across all stocks and timeframes.
- Risk Management: Better entry and exit timing leads to improved risk-reward ratios.
- Learning Tool: Discover patterns you might have missed and improve your chart reading skills over time.
Best Practices for Intraday Pattern Trading
To maximize the effectiveness of pattern-based day trading, follow these proven strategies:
- Confirm with Volume: Patterns are more reliable when accompanied by increasing volume on breakouts.
- Use Multiple Timeframes: Confirm patterns on your trading timeframe with higher timeframe trends.
- Set Clear Stop Losses: Always define your risk before entering a trade based on pattern signals.
- Wait for Confirmation: Don't jump in too early—wait for the pattern to complete and confirm the breakout.
- Consider Market Context: Patterns work best when aligned with overall market conditions and sector trends.
Frequently Asked Questions
What stocks work best with this scanner?
The scanner works with any publicly traded stock. However, patterns are most reliable on liquid stocks with high trading volume (e.g., major tech stocks, blue chips, popular growth stocks) as they have cleaner price action.
Which timeframe is best for day trading?
Most day traders use 5-minute or 15-minute charts as their primary timeframe. The 5-minute chart offers more trading opportunities, while the 15-minute chart provides more reliable signals with less noise.
How accurate is the pattern detection?
The scanner provides confidence scores for each detected pattern. Higher confidence scores (above 80%) indicate clearer pattern formations. Always use pattern analysis as one component of your trading strategy, not the sole decision factor.
Is this tool free to use?
Yes! The Intraday Pattern Scanner is completely free with no sign-up required. You can scan as many stocks as you want across all available timeframes.
Can I use this for forex or crypto?
Currently, the scanner is optimized for stock tickers. However, the same chart patterns apply universally across all markets. We're working on adding direct support for forex pairs and cryptocurrencies in future updates.
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