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Bat

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Both the Bat pattern and the Alternate Bat Pattern are supported by the Harmonic Patterns Indicator.

 

The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

 

bullishbat_zoom80 bearishbat_zoom80

 

The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 1.13XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 0.382 retracement or less of the XA leg. The Alternate Bat utilizes a minimum 2.0BC projection. In addition, the AB=CD pattern within the Alternate Bat is always extended and usually requires a 1.618AB=CD calculation. The Alternate Bat is an incredibly accurate pattern that works exceptionally well.

 

bullishaltbat_zoom80 bearishaltbat_zoom80

 

The Bat pattern can be toggled on or off by checking/unchecking the Show Bat? checkbox in the parameters dialog.

 

Here are some example Bat and Alternate Bat patterns found in eSignal:

 

bat_confirmed_bullish3_zoom30

bat_confirmed_bearish2_zoom32

 

 

altbat_confirmed_bullish1_zoom30

altbat_confirmed_bearish3_zoom31

 

The Terminal Bar is the price bar that reaches the minimum pattern completion requirements and will always be identified by the symbol. You can adjust the size via the Terminal Bar Font Size option in Settings.

 


See Also:

 

Settings

Pattern Filters

Zone Lines

 

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