There are a couple of indicator parameters, namely Max Points Shared and Hide Inside Patterns?, that directly impact the patterns that you will see on your chart. What each parameter does is fairly straightforward but you need to understand how they can impact the pattern display.
•Max Points Shared: This controls how many pattern swing points (i.e., where the O, X, A, B, C, D labels are drawn) can be shared between patterns. If any two patterns overlap, and if they currently share more than the allowed number of swing points, then the larger of the two patterns will be kept and the smaller one discarded. The default value for this parameter is 1, meaning that only one swing point can be shared between patterns.
•Hide Inside Patterns?: This controls whether or not patterns that are inside of larger patterns will be displayed. The default value for this parameter is true, which means that any patterns that are inside of larger patterns will be discarded.
The following demonstrates the Hide Inside Patterns logic:
•Here we have Hide Inside Patterns turned on, and we can clearly see a bullish Crab formation followed by a bearish Bat, followed by a bullish Butterfly.. |
 Bullish Crab, Bearish Bat, and Bullish Butterfly |
•In this snapshot of the exact same range of bars we have Hide Inside Patterns unchecked. You can see that there are a cluster of patterns that are within the same boundaries and this produces a lot of noise on the chart.
•The end result is the same but with Hide Inside Patterns checked the chart is a lot easier to read. |
 A multitude of patterns in the same vicinity |
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