CHART PATTERN BOT is an advanced trading robot that identifies buying and selling opportunities by detecting key chart patterns combined with technical indicators and statistical filters. It recognizes multiple well-known patterns including Head and Shoulders, Double Top/Bottom, Bullish and Bearish Flags, Triangles (Ascending, Descending, Symmetrical), and Rising/Falling Wedges. The algorithm uses methods such as identifying significant peaks and troughs, neckline trend analysis, and volume and momentum confirmations (RSI, MACD, ADX) to detect these patterns.

To enhance trade accuracy, it applies smart filters including Moving Averages (MA200 and MA50) to align trades with the main trend, volume analysis to confirm breakouts, ADX to validate trend strength, and candlestick confirmation to avoid premature entries. The bot features dynamic exit management by using fast and slow moving averages to exit positions upon short-term reversals, optimizing profits and minimizing losses. Additionally, it calculates the measured move for each detected pattern, estimating the potential price range after activation to set realistic and adjustable take profit targets.

This bot is designed for use in financial markets where technical chart patterns and momentum indicators are applicable, supporting strategies focused on breakout and trend reversal signals.