Description

The Chart Scanner AI Indicator is a Free indicator that integrates two object detection AI Models

The indicator integrates the following AI Models:

• Stock Market Pattern Detection Model Access Here

  The Stock Market Pattern Detection model is an object detection model based on the YOLO (You Only Look Once) framework. It is designed to detect various chart patterns in real-time from screen-captured stock market trading data. The model has been fine-tuned on a diverse dataset and achieves high accuracy in detecting and classifying stock market patterns in live trading scenarios. The model provides outputs in 6 Classes : ['Head and shoulders bottom', 'Head and shoulders top', 'M_Head', 'StockLine', 'Triangle', 'W_Bottom'] The model was trained on a custom dataset consisting of 9000 training images and 800 validation images.

• Object Recognition Algorithm and “Buy-Sell Decision” Model Over 2D Candlestick Charts Access Here

  This model leverages the power of the YOLO framework, a state-of-the-art object detection algorithm, to identify and classify patterns in financial charts. The model provides outputs in two classes: Buy and Sell, based on candlestick patterns

The indicator is split in two programs. The first one is the indicator that you should install on NinjaTrader. The second program is the ATCHChartScan.exe that you should download and put in any folder on your computer. The indicator will look for the ATCHChartScan.exe in real time and it will call it in the following logic

1. The indicator will analyse when the chart has updated
2. When the Chart is updated, the Indicator will take a snapshot of the chart without any drawings on it
3. The indicator will send the image along with the settings into the ATCHChartScan.exe program
4. The ATCHChartScan.exe program will process the image and update its colors to make sure to generate a chart image with White background because the models have been trained on only White background charts
5. The ATCHChartScan.exe program will call the models on the image and return the bounding box result into Ninjatrader Indicator which will display them on the chart.
6. The indicator will execute the processing Logic on each new Realtime Bar formed on the chart
7. When the indicator is removed from the chart, the indicator will clean everything and make sure ATCHChartScan.exe is properly disposed
8. The pattern detection is only based on the chart image and not on price data. This means that the slightest change on the chart dimension, zoom, stretch or the Ninjatrader theme used can have an impact on the detection result. This is why I would call this indicator Experimental
9. The ATCHChartScan.exe will save the Processed image into a .png file named chart_dump.png that you can find in the same directory as the executable file

Examples

Lets start by showing some example of the indicator in action

Patterns on MES 1 Minute

On the below example, you can see the indicator drawing rectangles in Red and in Green. Red rectangles are bearish patterns and green rectangles are bullish patterns.

• Below each rectangle you can see the Label of the pattern : "Buy", "Sell", "W_Bottom"... these are the classes of the recognized pattern by the Model.
• Next to each Label you can see the Confidence Score which is a number between 0 and 1 that gives a score to the pattern. A score of 1 means the Model is 100% confident that the pattern is valid. Notice that the Condifdence score can never be as high as 1.
• The indicator allows to control the minimum confidence level that you wish to display on the chart.

Bullish Pattern and entry on MES 1 Minute

On this example, the Recognition model has identified a W_Bottom pattern right at the last bar of the chart at around 20:43 UTC+1 on real time which led to a profitable entry on Sim account. This exemple shows that the indicator can give real time patterns signals, and not only patterns on historical data.

Parameters

We always try to keep the parameters to minimum.

License
License	This is the free license key you get when you create an account on automated-trading.ch. After creating an account, copy your license key from the billing page. You need to set this parameter only once per month, once the license key is validated it will be remembered for the rest of the billing cycle. This indicator is totally free to use, but you need to register to have a free account and License to be able to use it.
General
AI Engine Path	This is the path to the ATCHChartScan.exe Folder where you have installed it.
Scan For Buy Sell Patterns	This will enabel/disable calling the Object Recognition Algorithm and “Buy-Sell Decision” Model for scanning Buy/Sell patterns
Scan For Chart Patterns	This will enable/disable calling the Stock Market Pattern Detection Model for scanning for complexe chart patterns
Min. Confidence (0.1 to 1.0)	This will set the minimum accepted confidence for detected patterns. 0.1 is the minimum value and 1.0 is the maximum value
Show Confidence Score	This will show/hide drawing the confidence score and the pattern name on the chart
Reset At Each New Scan	This parameter will remove all detections and chart drawing each time the Detection Engine is called. When this is deactivated, each new pattern drawn on the chart will be kept from call to call.
Rendering
Bullish Color	The color to draw bullish patterns
Bearish Color	The color to draw bearish patterns

Download & Installation Instructions

Step 1 : ATCHChartScan.exe

Step 2 : Ninjatrader Indicator

Frequantly Asked Questions

Release Notes

User Comments & Feedback

You can find feedback of our users and ask questions about this strategy by joining our discord community by following this invite link or clicking on the Discord logo image. Joining is completely free