Two "above/below" filter options are available:
•None Above/Below A/C?
•None Above/Below B/D?
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 high or low of any price bar exceeds this line.
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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 set to false. The blue circle highlights the location where price has pushed 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. |
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•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 pushed 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. |
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