# Angora Pattern Recognition · User Guide

Angora Pattern Recognition is a cTrader indicator that finds, draws and tracks classic chart patterns automatically. For every pattern it shows a score, a state, the breakout level, a target and the invalidation level.

> This indicator is an analysis tool, not investment advice. Scores and targets come from past price geometry; they do not guarantee future prices.

## 1. Installation

1. Buy and install the indicator from the cTrader Store (or double-click the `.algo` file).

2. Open a chart and pick **AngoraPatternRecognition** from the **Indicators** menu.

3. Review the settings and press **OK**. The defaults are a good starting point for most symbols and timeframes.

## 2. How it works

**Only closed candles are used.** The candle that is still forming never reaches the engine. A pattern drawn on the chart therefore never shifts, moves or disappears by itself (no repaint). The only thing that changes is its state, for example from COMPLETED to CONFIRMED.

**A pattern is drawn once it has formed.** A swing high or low is confirmed only after **Swing Length** more candles have closed and price has pulled back at least **Swing Sensitivity** × ATR. A pattern appears when its last swing is confirmed. On a historical chart all patterns appear at once, which can look as if they were seen in advance; to watch the real-time sequence, run the indicator in cTrader's visual backtesting and step candle by candle.

**For early warnings** turn on the Forming layer (section 6). That layer does repaint and is drawn in a separate color.

**ATR-based measures.** Every tolerance is expressed in ATR (Average True Range), so the same settings behave similarly on EURUSD, gold or BTC, on M15 or daily charts.

## 3. Patterns

| Pattern | Bias | Breakout level | Invalidation | Target |

| --- | --- | --- | --- | --- |

| Double Top | Bearish | Low between the tops (neckline) | Above the higher top | Neckline − pattern height |

| Double Bottom | Bullish | High between the bottoms | Below the lower bottom | Neckline + pattern height |

| Head & Shoulders | Bearish | Neckline through the two troughs (may slope) | Above the head | Neckline − head-to-neckline distance |

| Inverse H&S | Bullish | Neckline through the two peaks | Below the head | Neckline + head-to-neckline distance |

| Ascending Triangle | Bullish | Flat upper line | Rising lower line; after the breakout, the last low | Breakout + widest part of the triangle |

| Descending Triangle | Bearish | Flat lower line | Falling upper line; after the breakout, the last high | Breakout − widest part of the triangle |

| Symmetrical Triangle | Either way | Whichever line breaks | Opposite line; after the breakout, the last swing on the other side | Breakout ± widest part of the triangle |

| Rising Wedge | Bearish | Rising lower line | Upper line | Breakout − widest part of the wedge |

| Falling Wedge | Bullish | Falling upper line | Lower line | Breakout + widest part of the wedge |

| Rectangle | Either way | Whichever flat line breaks | Opposite line | Breakout ± range height |

Triangles and wedges must break out within the first 75% of the way from the first touch to the apex, where the boundary lines meet (**Triangle Breakout Window**). Breakouts very close to the apex are weak, so a pattern whose last swing is already past that point is not shown, and one that does not break out in time expires.

Targets are reference levels from the classic measured-move method, not guaranteed price objectives.

## 4. States and colors

| State | Meaning | Color |

| --- | --- | --- |

| COMPLETED | Pattern formed, waiting for the breakout | Orange |

| AWAITING RETEST | Broke out, waiting for the retest (CloseAndRetest mode only) | Orange |

| CONFIRMED | Breakout confirmed; the target line is shown | Green when bullish, red when bearish |

| INVALIDATED | Price closed beyond the invalidation level before the breakout | Gray (if shown) |

| EXPIRED | The breakout did not come in time | Gray (if shown) |

| FAILED BREAKOUT | After confirmation, price closed back beyond the invalidation level | Gray (if shown) |

The label shows the pattern name, score and state, for example `Rising Wedge 68 CONFIRMED`.

**The score (0–100)** measures how closely the shape matches the textbook pattern: structure, geometry, symmetry, volume, trend context and breakout strength. It is not a probability of success.

## 5. Pattern panel

The panel in the top-left corner lists active patterns, best score first (up to 5). When the Forming layer is on, forming patterns are listed below under "forming". Turn it off with **Show Pattern Panel**.

## 6. Forming (early warning) layer

Off by default. With **Show Forming Patterns** on, the indicator asks on every closed candle: "In which price range would the next swing high or low have to form to complete a pattern?"

- The part of the pattern already in place is drawn dashed; the price range where the missing swing is expected is a shaded box.

- The label reads `Double Top? 72 FORMING`, or `IN ZONE` when price is already inside the box.

- **These warnings repaint:** they change as price develops and disappear when the shape breaks. Confirmed pattern drawings are not affected.

- On historical data about 15–21% of warnings turned into real patterns, and 30–34% once price had entered the box. Use them as a watch list, not as trade signals.

## 7. Alerts

| Setting | Default | Description |

| --- | --- | --- |

| Alert On New Pattern | Off | When a new pattern appears |

| Alert On Confirmation | On | When a pattern is confirmed by a breakout |

| Alert On Failure | Off | When a confirmed pattern fails |

| Popup Alert | On | Popup notification in cTrader |

| Sound Alert | On | Sound notification |

Alerts fire only on live data; loading the chart does not alert for historical patterns.

## 8. Settings

### Detection

| Setting | Default | Description |

| --- | --- | --- |

| Swing Length | 5 | Candles checked on each side of a swing high/low. Higher finds fewer, larger patterns, and swings are confirmed later. |

| Swing Sensitivity (ATR) | 1.0 | Minimum move between two swings. Higher ignores small wiggles. |

| Minimum Pattern Score | 50 | Patterns scoring lower are hidden. Around 65 gives a more selective view. |

| Maximum Pattern Age (bars) | 60 | Candles after the pattern's last swing within which the breakout must come. |

### Tolerance

| Setting | Default | Description |

| --- | --- | --- |

| Price Tolerance (ATR) | 0.75 | Allowed difference between the two tops/bottoms of a Double Top/Bottom. |

| Symmetry Tolerance (ATR) | 1.5 | Allowed difference between the two shoulders of a Head & Shoulders. |

| Trendline Deviation (ATR) | 0.5 | How far a swing may sit from a triangle/wedge/rectangle line and still count as a touch. |

| Triangle Breakout Window (%) | 75 | Share of the way to the apex within which triangles and wedges may break out. |

| Minimum Pattern Height (ATR) | 2.0 | Smaller patterns are ignored. |

| ATR Period | 14 | ATR period. |

### Confirmation

| Setting | Default | Description |

| --- | --- | --- |

| Breakout Mode | CandleClose | **CandleClose:** one close beyond the breakout level. **TwoCandleClose:** two closes in a row. **CloseAndRetest:** one close, then price comes back to the level and holds. |

| Volume Confirmation | Off | The breakout candle's tick volume must be at least the average of the previous 20 candles. Skipped when the data has no volume. |

### Patterns

Each pattern can be switched on or off.

### Display and Colors

Labels, score, pattern lines, targets, invalidation level, failed patterns, swing lines and labels (HH/HL/LH/LL), the developing swing and the panel can each be switched on or off. Colors accept a name (`LimeGreen`) or a hex code (`#32CD32`).

## 9. FAQ

**Why does a pattern appear a few candles after its last top?** A swing is confirmed only after Swing Length more candles have closed. Lower Swing Length, or turn on the Forming layer, to see patterns earlier.

**Do patterns change when I reopen the chart?** No. The same data and settings always give the same result. Changing settings recalculates the patterns.

**I see too many patterns.** Raise Minimum Pattern Score to 60–65 and Minimum Pattern Height to 3, or switch off patterns you do not use.

**I see no patterns.** Make sure the chart has enough history (at least a few hundred candles) and lower Minimum Pattern Score.