1. A computerized method for identifying a pattern from event streams, said method comprising: compiling a pattern description, said pattern description defining a series of a first event and a second event, said second event relating to the first event, said first event and the second event having yet to be received; defining a first script having type, time and substance parameters of the second event as a function of the parameters of the first event according to the pattern description; receiving the first event, said first event including a type parameter data, a time parameter data, and a substance parameter data; attaching the first script to the first event, said first script defining executable codes for handling and locating the second event by defining a reaction on an individual event type that may occur in the second event based on the complied pattern description; executing the attached first script of the first event in real-time as the first event is received; and identifying the second event after the receiving of the first event, wherein said executed script identifies the received second event based on the defined type, time and substance parameters and thereby identifies the pattern.