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Formation Scanner
Scan 250+ symbols. Find the setups worth your time.
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Hypothetical example for illustration only. Not a trade recommendation. Past signals do not guarantee future results.
Overview
What It Does
A comprehensive multi-symbol scanner that analyzes up to 20 symbols simultaneously across 14 pre-defined sector buckets. It identifies broadening formations, classifies every bar using STRAT methodology (1, 1-1, 2U, 2D, 3), and ranks setups from A+ to C with directional bias, confluence rating, and recommended trade action. Built for swing traders who want to find the highest-quality setups without manually flipping through hundreds of charts.
Capabilities
Key Features
14 Sector Buckets, 20 Symbols Each
Pre-defined groups covering Tech, Financials, Energy, Healthcare, ETFs, Futures, and more. Select any bucket and scan instantly.
STRAT Bar Classification
Every bar is classified: 1 (Inside), 1-1 (Inside of Inside — coiling energy), 2U (broke prior high), 2D (broke prior low), 3 (Outside — took both sides). Identifies continuation and reversal setups automatically.
Broadening Formation Detection
Scans for 7+ types of broadening formations with boundary mapping. Shows location within the formation (Upper Edge, Lower Edge, Mid) and directional bias.
Confluence Scoring + Action Column
Each setup gets a quality score (0–100), confluence rating (⭐⭐⭐ to ○), and a recommended trade style (Momentum Long, Mean Reversion Short, etc.). Sorted by priority: Triggered > Ready > Watch.
Detailed Scanner Table
Columns: Symbol, Bar Type, Signal, Price, Score, Entry Distance, Key Factors, Broadening Type, Location, Pattern, Confluence, Action. Everything you need in one table.
Process
How It Works
Select a sector bucket
Choose from 14 pre-defined sector groups (e.g., "Tech Large Cap"). The scanner immediately analyzes all 20 symbols in that bucket.
Scanner classifies and scores
Every symbol gets its bar classified (STRAT), formations detected, and a quality score computed. Results appear sorted by priority and score.
Review the results table
Scan the prioritized table — Triggered setups at the top, then Ready, then Watch. Focus your attention on ⭐⭐⭐ confluence ratings.
Go to chart and execute
Click into any symbol in TradingView, then add Trade Execution Suite for structured entry, stop loss, and target management.
Workflow
Works With
Pairs well with these other TDL indicators.
Trade Execution Suite
The natural companion. Scanner finds the setup, Execution Suite manages the trade.
Macro Compass
Check macro bias first, then scan only in that directional direction.
MTF Reaction & S/R Zones
Confirm your scanned setup is at a meaningful support/resistance level.
Wave Oscillator Confluence Pro
Verify momentum alignment before pulling the trigger.
Get Started
Get Formation Scanner
Not financial advice. Educational purposes only. This indicator generates signals based on historical data and mathematical calculations. Results shown are hypothetical and for illustration purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for every investor. All trading decisions are your own responsibility.