A stock screener for chart patterns is a tool that helps you look for stocks that exhibit the patterns that match your strategy. It can scour through thousands of stocks to identify the tickers that fit your trading preferences. From there, you can dive deeper into the details to determine whether they’re worth trading.
Stock chart patterns are critical for traders — they tell you what kind of moves might happen. Familiarizing yourself with charting doesn’t just help you recognize different patterns but also gives you an idea of how the stock behaves.
What are the best stock screeners for chart patterns, and how can they help you find the stocks that fit your strategy? Let’s jump right in!
What Are Chart Patterns?
Chart patterns are formations on a stock chart created by a stock’s price moves. Chart patterns are the core of technical analysis and are essential for traders to understand.
The more you study chart patterns, the more easily you’ll recognize them in action. A chart pattern isn’t a magical signal to buy or sell the stock, but it’ll give you information to build a solid trading plan.
I’ve written an ebook on my top 10 patterns — get it here for just $17.99!
How to Evaluate Chart Patterns
You can evaluate chart patterns by recognizing what they represent, so you can react accordingly. The key to chart pattern recognition is practice, practice, and practice. There’s no shortcut to mastering chart patterns, so put in the screen time.
There are hundreds of chart patterns out there, but most traders gravitate toward a handful of patterns they know well. Study one or two chart patterns at a time and get to really know them.
Reading Stock Screener Patterns
There are so many chart patterns out there, and you can’t realistically learn all of them. Most traders stick to a handful of patterns they can recognize quickly.
Check out my guide to essential chart patterns here.
Here are three example patterns you might see on a stock screener and what they mean:
Flag Pattern
If you see a flag pattern on a stock screener, you might be seeing a trend reversal or breakout after a consolidation period.
Cup and Handle Pattern
A cup and handle pattern on a stock screener usually means a bullish signal extending an uptrend.
W Pattern (Double Bottom)
A double bottom or a W pattern on a stock screener generally shows a major change in trend from a previous downtrend. It might signal the beginning of an uptrend.
What Is a Stock Screener for Chart Patterns?
A stock screener for chart patterns is a tool that helps traders find stocks that exhibit certain chart patterns. You can use a stock screener for chart patterns to cut through the noise of thousands of stocks and find the tickers that fit your trading strategy.
What Is a Stock Screener for Candlestick Patterns?
A stock screener for candlestick patterns is a screener that can identify patterns in a candlestick chart. Candlesticks are popular among traders because they convey lots of information in a relatively simple package.
Learn more about how stock screeners can help you trade in my guide to the basics of stock screeners.
Importance of Using a Stock Screener for Chart Patterns
Using a stock screener for chart patterns helps you find the stocks that exhibit chart patterns that fit your trading strategy. It filters down thousands of tickers to show you a handful of stocks for your watchlist…
From there, you can do further research to determine whether they’re worth trading.
Check out my favorite pattern that you’re probably not looking for…
Why Do You Need a Stock Screener for Chart Patterns?
You need a stock screener for chart patterns to weed out the stocks that don’t exhibit the chart patterns that fit your trading criteria. Weeding out irrelevant stocks helps you focus on the stocks that you’re more likely to trade.
You also need a stock screener for chart patterns because it gives you fine control over your screens. Customizing your filters ensures you only find stocks that fit your criteria to a T — which sometimes includes stocks you hadn’t considered before.
Different stock screeners are appropriate for different kinds of trading. Check out my choices for the best volatility stock screeners and the best 5-year performance stock screeners. You can also see my picks of the best overall stock screeners.
Advantages of Stock Screeners for Chart Patterns
One of the primary advantages of stock screeners for chart patterns is customizability. You can screen stocks according to your chosen criteria, including chart patterns and other indicators. This helps you shrink the pool of potential trades.
Your stock screener also saves your filters for future use. This means you can save multiple custom screens and deploy them as required.
How We Evaluated These Best Stock Screeners for Chart Patterns
Different stock screeners excel at different things, and not all of them are suitable for screening chart patterns. You gotta know how to pick them before choosing a stock screener that suits your needs.
Here are two criteria I use when picking stock screeners for chart patterns:
- Pricing: Most top-of-the-line chart pattern stock screeners are paid products. Be sure to find a stock screener that suits your budget while still catering to your needs.
- Customizability: A stock screener is only as good as its indicators. Choose a stock screener that you can customize to fit your trading needs.
Read my guide on the best stock screener criteria for more ways to refine your search.
Best Chart Patterns Stock Screeners
Here are my top picks for chart pattern stock screeners:
- StocksToTrade — Best Overall Chart Pattern Stock Screener
- Tickeron — Best Chart Pattern Stock Screener for AI Assistance
- TrendSpider — Best Chart Pattern Stock Screener for Automated Analysis
- TradingView — Best Chart Pattern Stock Screener for Community Trade Ideas
- MetaStock — Best Chart Pattern Stock Screener for Screener Versatility
1. StocksToTrade — Best Overall Chart Pattern Stock Screener
My first chart pattern stock screener pick is StocksToTrade.
StocksToTrade tops my list because it’s my favorite stock screener — I use it every day. StocksToTrade doesn’t scan for chart patterns, but it is still a world-class charting platform.
Charting isn’t just about recognizing chart patterns and entering trades. It’s also about familiarizing yourself with a stock’s chart, cluing you in on its behavior.
That said, scanning for chart patterns isn’t the only way to find good trading setups. Meet Oracle, StocksToTrade’s algorithm-based chart analysis tool. It scans for chart-derived price signals to give you actionable trades every day.
Try it out with our NO-COST Oracle trade alerts!
StocksToTrade is a killer screener that’s insanely customizable and comes with trader-built screens…
Give it a whirl — a 14-day StocksToTrade trial is just $7!
2. Tickeron — Best Chart Pattern Stock Screener for AI Assistance
My second chart pattern stock screener pick is Tickeron.
Tickeron gives you an AI-based pattern search engine that identifies stocks exhibiting patterns that fit your trading preferences. This tool works in real-time, so even if you don’t find any charts exhibiting your preferred patterns, the engine will go into standby mode and alert you once it finds a stock that fits the bill.
Tickeron also has AI robots that you can modify according to your trading style, trade duration, and desired yield.
3. TrendSpider — Best Chart Pattern Stock Screener for Automated Analysis
My third chart pattern stock screener is TrendSpider.
TrendSpider also gives you an automated chart analysis tool that flags stocks that show the most tradable chart patterns. You still need to do your homework before committing to the trade, but it’s a good way to identify new trading opportunities.
TrendSpider also has robust AI-based backtesting capabilities that let you input the parameters of the test and have the app do the legwork for you. This way, you can backtest strategies within minutes.
Plus, TrendSpider offers trading bots that you can use without any programming knowledge. All you need to do is set your trading requirements, and the bot will do the rest.
4. TradingView — Best Chart Pattern Stock Screener for Community Trade Ideas
My fourth chart pattern stock screener pick is TradingView.
TradingView offers a dedicated section for community trading ideas. In this section, TradingView users can share their chart pattern stock screens and why they made them.
You should take the ideas put out here with a grain of salt and do your own due diligence, but it can be really useful to hear other trader’s strategies.
TradingView’s charting tools are also very robust. You get 14 chart types and hundreds of pre-built indicators, along with other perks.
5. MetaStock — Best Chart Pattern Stock Screener for Screener Versatility
My fifth chart pattern stock screener pick is MetaStock.
MetaStock gives you six of the most popular charting styles with daily or real-time data updates, so you can choose whichever combination fits your trading strategy best. You also get access to real-time news from reliable sources to help you make informed trading decisions.
Its screener, or “Explorer”, is a powerful stock screener boasting over 250 presets. You can combine these presets to refine your stock searches and find the tickers that best fit your preferences.
Final Thoughts
A stock screener for chart patterns helps you find stocks that exhibit the patterns that fit your trading strategy. It sifts through thousands of stocks and gives you a handful of tickers that match your preferences — letting you focus on delving deeper into their details.
There’s no one “best chart pattern stock screener” for everyone, just the ones that work for you. Try out multiple stock screeners and pick the one(s) that best fit your trading needs.
Here’s a great stock screener recommendation for you: millionaire trader Matt Monaco’s Alpha Scanner. Matt brought his old software engineering skills back to build this screener based on his profitable trading style.
Matt’s packed the Alpha Scanner full of live mentoring sessions, trade alerts, and so much more. Can his life’s work be your trading edge? Here’s how you find out…
Sign up for the next Alpha Scanner LIVE broadcast to learn more!
Chart Pattern Screener FAQs
How Do Pattern Recognition Tools Aid Traders in Identifying Market Opportunities?
Pattern recognition tools like chart pattern scanners and candlestick pattern scanners help traders identify trading patterns and price patterns, essential for making informed trading decisions. These tools, supported by powerful chart pattern recognition software, analyze historical data to predict future performance. Traders, especially those new to the market like novice traders, can significantly benefit from these tools by learning to recognize simple patterns and more complex types like reversal patterns.
What Are the Benefits of Advanced Technical Analysis in Day Trading?
Advanced technical analysis, which includes using tools like advanced technical indicators and combining technical and fundamental analysis, helps seasoned and short-term traders understand market dynamics and make precise trading decisions. Techniques such as trend analysis and market timing signals are crucial in managing trades and spotting potential entry and exit points. Tools like the 5-unit Renko chart also aid in filtering out market noise, providing clearer insights into actual market movements.
How Can Traders Optimize Their Strategies with Custom Queries and Market Insights?
Using custom queries and understanding the psychology of market participants are key for traders to tailor their strategies according to dynamic market conditions. Software that supports chart patterns enables traders to apply sophisticated trading strategies and filter stocks based on specific criteria like market capitalization or price range. This level of customization helps traders from veterans to experts to develop strategies that leverage their knowledge of market insights to optimize their investment returns.
What Role Do Market Conditions Play in Influencing Trading Decisions?
Market conditions such as financial markets’ dynamics, bearish or bullish markets, and market momentum significantly influence trading decisions. Traders utilize tools that recognize multi-year patterns and assess resistance levels to understand how these conditions might impact future market behavior. Analyzing these factors helps traders, from day traders to experienced ones, in making informed decisions that align with both short-term movements and long-term trends.