Show/Hide Toolbars

Harmonic Pattern Collection for eSignal

Navigation: Reference

Pattern Filters

Scroll Prev Top Next More

Pattern Filters


Two optional "above/below" pattern filters are available in the Harmonic Patterns Indicator:

 

A/C Filter?

B/D Filter?

 

If either of these are set to true then, as the legs of the pattern develop, the pattern engine will internally calculate a line between the two points and will reject the pattern if the close of any price bar exceeds this line.

 

information

Note: While the examples below focus specifically on AB=CD patterns, these above/below filters apply to ALL patterns since all harmonic patterns have an AB=CD component.

 

Here we have a Bullish AB=CD pattern. The A/C Filter option is currently set to false. The blue circle highlights the location where price has closed through the line from point A to point C.

 

If the A/C Filter option were set to true then this pattern would not be drawn.

A/C Filter Exceeded

Here we have a Bearish AB=CD pattern. The B/D Filter option is currently set to false. The blue circle highlights the location where price has closed through the line from point B to point D.

 

If the B/D Filter option was set to true then this pattern would not be drawn.

B/D Filter Exceeded

 


See Also:

 

Settings

Display Filters

Pattern Highlighting

© 2023 HarmonicTrader.com & Divergence Software, Inc.