Sniffer

How it works

The Sniffer tool processes each bar by mapping multiple features like price range, body size, volume, head and tail wicks, and technical indicators. It captures user-selected bars and computes vector similarity across these features for every bar in the chart.

The tool calculates similarity using various distance metrics like Cosine, Euclidean, and Manhattan, comparing input bar characteristics to historical price patterns

Why it may be useful

Pattern recognition helps traders identify historical price movements similar to current market conditions, providing valuable context for decision-making.

By automating complex pattern analysis, traders can quickly discover potential market repetitions, compare current price behavior with past instances, and gain insights into potential future price movements. This approach reduces manual chart scanning and helps traders recognize subtle market dynamics

When to explore it

The Sniffer is most effective when traders want to discover similar historical price patterns across multiple timeframes. It works best in markets with recurring price behaviors, such as stocks, forex, and cryptocurrencies. Traders can customize the tool's feature space, adjust similarity calculation methods, and select the number of top matches to suit their specific trading strategy and market analysis needs

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