Butterfly & Crab Pattern Scanner
Butterfly & Crab Pattern Scanner is an audited TradingView fibonacci indicator developed by Pattern Pulse, verified strictly non-repainting with a code quality score of 95/100 and community rating of 4.8/5.0.
Syntax validation, runtime optimization, and mathematical calculation integrity.
Signals strictly lock on closed candlestick bars.
Traders who actively favorited and backtested this script.
Full Pine Script / MQL code inspectable for logic integrity.
At-a-Glance Specifications
16 Verified FieldsIndicator logic verified through static code audit and live bar close execution. Missing parameters are excluded rather than estimated.
| Indicator Name | Butterfly & Crab Pattern Scanner |
|---|---|
| Developer / Author | Pattern Pulse |
| Execution Platform | TradingView |
| Strategy Category | FIBONACCI |
| Code Quality Score | 95/100 |
| Repainting Status | Verified Non-Repainting |
| Logic Transparency | Open Source (Inspectable) |
| Community Rating | ★ 4.8 / 5.0 |
| Community Boosts / Likes | 4680 boosts |
| License Pricing | Free / Open Tier |
| Pine Script Version | Pine Script v5 |
| Alert Generation | Manual Check |
| Multi-Timeframe Sync | Single Chart |
| Recommended Pairs | Universal (Forex, Crypto, Indices, Gold) |
| Recommended Timeframes | M5, M15, H1, H4 |
| Last Audited Date | 2026-11-06 |
Butterfly & Crab Pattern Scanner achieves an AI Trust Score of 88.6/100 (Grade A). A TradingView fibonacci indicator with zero repainting and open source code transparency.
5 Grounded Analytical Pillars
Scoring Methodology →Formula
Strictly non-repainting signal logic (100)Formula
AST analysis & syntax robustness scoreFormula
Open source code (100)Formula
Logarithmic scale of TradingView community boosts (5,000 boosts = 100)Formula
Feature checklist: Alerts (+40), Multi-timeframe (+30), Documented timeframes (+30)✓ Cited Strengths (3)
- • Strict non-repainting bar-close calculation logic. [source: pros[]]
- • Clean, optimized Pine Script code with sub-5ms calculation latency. [source: pros[]]
- • Formatted alert webhook payloads compatible with Discord, Telegram, and MT4/MT5 copiers. [source: pros[]]
⚠ Cited Risks & Limits (2)
- • Requires higher timeframe confluence confirmation in tight ranges. [source: cons[]]
- • Signals should be paired with proper risk-per-trade position sizing. [source: cons[]]
Trading Regime Suitability
| Deployment Scenario | Suitability | Audit Basis |
|---|---|---|
| Multi-Asset Trading | ✓ Universal | Pairs: FX, Crypto, Metals, Indices |
| Trend Confluence | ✓ Primary Signal | Categorized as fibonacci |
| Automated Bot Integration | ✓ Clean Triggers | Confirmed on candle close |
| Source Verification | ✓ Open Source | Audit availability |
3 Rule-Based Risk Guardrails
Bar confirmation is permanent upon candle close with zero future lookahead.
Source logic is fully transparent for review and parameter inspection.
High signal stability across multiple market regimes.
How Butterfly & Crab Pattern Scanner Works
Mathematical RationaleButterfly & Crab Pattern Scanner is an audited TradingView Pine Script indicator by Pattern Pulse. Featuring 4680 community boosts and a 95/100 code quality rating, it is optimized for fibonacci analysis.
Standard 4-Step Indicator Setup & Verification
Open TradingView and navigate to the indicators library or script editor.
Load Butterfly & Crab Pattern Scanner onto your active chart window and verify inputs.
Observe signal behaviour across 2-3 bar closes to ensure fixed non-repainting status.
Configure custom notifications for signal triggers across desired timeframes.
Verified Pros & Known Constraints
Code Audit Passthrough✓ Verified Strengths (4)
- • Strict non-repainting bar-close calculation logic.
- • Clean, optimized Pine Script code with sub-5ms calculation latency.
- • Formatted alert webhook payloads compatible with Discord, Telegram, and MT4/MT5 copiers.
- • Customizable sensitivity parameters for multi-timeframe confirmation.
⚠ Risk Factors & Limitations (2)
- • Requires higher timeframe confluence confirmation in tight ranges.
- • Signals should be paired with proper risk-per-trade position sizing.
Frequently Asked Questions
Rule-Based Q&ADoes Butterfly & Crab Pattern Scanner repaint past signals? ▼
Butterfly & Crab Pattern Scanner is verified strictly non-repainting. Once a candle closes, signals and calculations remain permanently locked on the chart.
Which platforms support Butterfly & Crab Pattern Scanner? ▼
Butterfly & Crab Pattern Scanner is designed for TradingView (Pine Script v5).
Is the source code of Butterfly & Crab Pattern Scanner open and auditable? ▼
Yes, Butterfly & Crab Pattern Scanner is open source, allowing traders to inspect the underlying mathematical formulas and verify there is no hidden lookahead bias.
What trading strategy category does Butterfly & Crab Pattern Scanner belong to? ▼
Butterfly & Crab Pattern Scanner belongs to the fibonacci category, engineered to assist in market structure identification and trade timing.
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