This post focuses on customizable factory scans associated with Bearish Butterfly harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Display recent bearish Butterfly harmonic patterns
List symbols where pattern is Butterfly Bearish Add Column Butterfly Bearish Status as Status Add Column Butterfly Bearish Target as Target Add Column Butterfly Bearish Date as Date Apply to NSE Plot
This scan code examines NSE symbols to identify those that have recently exhibited a Bearish Butterfly harmonic pattern.
The scan output report provides information on the pattern’s status, indicating whether it is confirmed, unconfirmed, or if the target level has already been achieved.
Additionally, the scan displays the target level and the date when the pattern was triggered.
Confirmed bearish Butterfly harmonic patterns
List symbols where pattern is ButterflyBear and ButterflyBearStatus = Confirmed Add Column ButterflyBearStatus as Status Add Column ButterflyBearTarget as Target Add Column ButterflyBearDt as Date Add Column PatternName Apply to NSE Plot
This specific scan exclusively focuses on confirmed Bearish Butterfly harmonic patterns.
For insights into the Bearish Butterfly harmonic pattern, including the structure of the pattern, the psychology underlying it, how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.