“Symmetrical Triangle” Classical Chart Pattern Stock Screener

The Symmetrical Triangle is a common chart pattern in technical analysis formed by converging trendlines that connect a series of higher lows and lower highs; this pattern suggests a period of consolidation and indecision in the market, often leading to a breakout in either direction as price compression occurs

2–3 minutes


This post focuses on customizable factory scans associated with Symmetrical Triangle 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 bullish Symmetrical Triangle classical chart patterns

Tags: Bullish symmetrical triangle pattern; Confirmed bullish symmetrical triangle pattern

List symbols where pattern is Bullish Symmetrical Triangle

Add Column Bullish Symmetrical Triangle Status as Status
Add Column Bullish Symmetrical Triangle Target as Target
Add Column Bullish Symmetrical Triangle Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Bullish Symmetrical Triangle.

The output report shows the status of each pattern, indicating whether it is confirmed, unconfirmed, or if the target has been achieved.

Additionally, the report displays the target level of the Bullish Symmetrical Triangle and the date when the pattern was triggered.



Confirmed bullish Symmetrical Triangle classical chart patterns

This scan specifically identifies confirmed Bullish Symmetrical Triangles. Note the use of short function names.

List symbols where pattern is TriangleBullSym
and TriBullSymStatus Status = Confirmed

Add Column Ascending TriBullSymStatus as Status
Add Column Ascending TriBullSymTarget as Target
Add Column Ascending TriBullSymDt as Date

Apply to NSE

Plot

Display recent bearish Symmetrical Triangle classical chart patterns

Tags: Bearish symmetrical triangle pattern; Confirmed bearish symmetrical triangle pattern

List symbols where pattern is Bearish Symmetrical Triangle

Add Column Bearish Symmetrical Triangle Status as Status
Add Column Bearish Symmetrical Triangle Target as Target
Add Column Bearish Symmetrical Triangle Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Bearish Symmetrical Triangle.

The output report includes the status of the pattern, indicating whether it is confirmed, unconfirmed, or if the target has been achieved.

Additionally, the report displays the target level of the Bearish Symmetrical Triangle and the date when the pattern was triggered.


Confirmed bearish Symmetrical Triangle classical chart patterns

This scan specifically identifies confirmed Bearish Symmetrical Triangles. Note the use of short function names.

List symbols where pattern is TriangleBearSym
and TriBearSymStatus Status = Confirmed

Add Column Ascending TriBearSymStatus as Status
Add Column Ascending TriBearSymTarget as Target
Add Column Ascending TriBearSymDt as Date

Apply to NSE

Plot

For insights into the Symmetrical Triangle 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.

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