This post focuses on customizable factory scans associated with Head & Shoulders classical chart pattern. These factory scans 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 Head & Shoulders classical chart patterns
List symbols where pattern is Head & Shoulder Add Column Head & Shoulder Status as Status Add Column Head & Shoulder Target as Target Add Column Head & Shoulder Date as Date Apply to NSE Plot
This scan identifies NSE symbols that recently formed a Head & Shoulders pattern.
The scan output report provides information on the pattern’s current status, indicating whether it is confirmed or unconfirmed, and if the target has been reached.
Additionally, the report includes details on the Head & Shoulders target level and the date when the pattern was triggered.
Confirmed Head & Shoulders classical chart patterns
This scan code specifically focuses on confirmed Head & Shoulders patterns.
List symbols where pattern is HeadShoulder and HSStatus = Confirmed Add Column HSStatus Add Column HSTarget Add Column HSDt Apply to NSE Plot
For insights into the Head & Shoulders classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.