See Chart Operation for instructions on how to access the parameters dialog to adjust the settings listed below.
Bars to Process |
This option controls how many historical bars are actually processed for pattern activity, and it directly impacts how long it takes the indicator to load. Be very careful when adjusting this setting.
The range is from 100 to 15000 and the default is 400.
When trading, you generally do not care about any historical patterns that are more than a few bars old. With the default setting of 400, the indicator will start looking for patterns once the bar it is processing is less than 400 bars away from the last bar in the chart (i.e., the most current price bar). In this scenario the indicator loads very quickly and will display more than enough recent historical patterns.
If you set Bars to Process to a much larger value like 3000, for example, then the indicator will need to process the most recent 3000 bars for pattern activity and as a result it will take much longer to load.
When using the indicator during the trading day we strongly recommend keeping this value at or below 400. After hours, or on the weekend, if you want to scroll back in time through a chart to view all historical patterns then you can adjust this value up to the 15000 level. Keep in mind, however, that you will likely never be able to see ALL historical patterns since TradingView has a fixed limit on the total number of lines and labels that any one indicator can draw on the chart. So even if you set Bars to Process to 15000 in reality you may only be able to see patterns over the last few thousand bars.
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Show Bullish Patterns? |
Check this box to display all Bullish patterns found in the price data. Default value is checked.
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Show Bearish Patterns? |
Check this box to display all Bearish patterns found in the price data. Default value is checked.
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Show Bat? |
Check this box to display all Bat patterns found in the price data. Default value is checked.
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Show Alt-Bat? |
Check this box to display all Alt-Bat patterns found in the price data. Default value is checked.
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Show Crab? |
Check this box to display all Crab patterns found in the price data. Default value is checked.
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Show Deep Crab? |
Check this box to display all Deep Crab patterns found in the price data. Default value is checked.
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Show Butterfly |
Check this box to display all Butterfly patterns found in the price data. Default value is checked.
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Show Gartley? |
Check this box to display all Gartley patterns found in the price data. Default value is checked.
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Show Gartley 886? |
Check this box to display all Gartley 886 patterns found in the price data. Default value is checked.
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Show Shark? |
Check this box to display all Shark patterns found in the price data. Default value is checked.
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Show ABCD? |
Check this box to display all AB=CD patterns found in the price data. Default value is unchecked.
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Show Pending Patterns? |
Check this box to display any Pending patterns that might be available. Default value is checked.
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Show Confirmed Patterns? |
Check this box to display all Confirmed patterns that might be available. Default value is checked.
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Show Potential Patterns? |
Check this box to display any Potential MW pattern that might be available. Default value is checked.
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----Max Dist (in ATRs) |
Specify the ATR Multiple to use. This governs how close a potential pattern needs to be to current price in order to be displayed. The range is between 1 and 30. Default value is 5.
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Min Pattern Length |
Specify the minimum allowable pattern length. This measure uses the distance, in bars, from the very first point in a pattern to the very last point. Patterns that are shorter than the specified length will not be displayed. The range is between 20 bars and 100 bars. Default value is 30 bars.
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Max Pattern Length |
Specify the maximum allowable pattern length. This measure uses the distance, in bars, from the very first point in a pattern to the very last point. Patterns that are longer than the specified length will not be displayed. The range is between 100 bars and 1000 bars. Default value is 300 bars.
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Specify the maximum number of leg points that patterns are allowed to share. Range is from 0 to 4. The default is 3. See Display Filters.
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Hide Inside Patterns? |
Check this box to hide any patterns that are currently inside of the boundaries of a larger pattern. This is cosmetic only and is intended to help reduce pattern clutter on the chart. Default value is checked. See Display Filters.
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Minimize Pattern Overlap? |
Check this box to prevent multiple patterns from being created in the same general vicinity.The Minimize Pattern Overlap option will help reduce pattern clutter by requiring that the first point of any new pattern must be at least past the C point of the preceding pattern. In most cases it will also replace a smaller pattern with a larger pattern. Default value is checked. See Display Filters.
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Mute Overlapping Patterns? |
When checked, this option will draw overlapping patterns in a more transparent color and it will also hide the zone lines. This is purely a cosmetic option. Default value is unchecked.
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Fill Patterns? |
Check this box to draw the patterns with a fill color. Default value is checked.
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----Transparency |
Set the transparency to use for the pattern fill. The higher the number, the more transparent the color. The range is from 0 to 100. The default value is 95.
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Show Leg Labels? |
Check this box if you want to see the pattern leg labels drawn on the chart. Default value is unchecked.
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Show Ratio Labels? |
Check this box if you want to see the pattern ratio labels drawn on the chart. Default value is checked.
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Show Zone Lines? |
Check this box if you want to see the pattern zone lines drawn on the chart. Default value is checked.
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----Zone Text Size |
Select the text size to use for all Zone-related labels. You can choose from small, normal, large, and huge. The default value is small. |
----Zone Line Length |
Set the length, in bars, of the zone lines. Range is from 40 to 450. Default value is 60.
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----Hide Old Zone Lines |
Check this box if you want to hide the zone lines for all but the current pattern. Default value is unchecked.
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Terminal Bar Icon Size |
Select the size to use for the Terminal Bar icon (the 'sun' symbol). You can choose from small, normal, large, and huge. The default value is large.
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Type I/II Tracking? |
Check this box if you want to activate the Type-I and Type-II tracking logic for MW and Shark patterns. Default value is checked.
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----Max Bars |
Select the maximum number of bars within which the Type I/II tracking must complete. If a particular tracking sequence has not completed after the specified number of bars have elapsed the sequence will be canceled. Range is from 10 to 500 bars. Default value is 300 bars.
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----Icon Size |
Select the size to use for the Type I/II tracking icons. You can choose from small, normal, large, and huge. The default value is normal.
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Colors |
9 inputs are provided where you can specify the colors to use for Pending, Potential, Bullish, Bearish, and muted patterns, zone and ratio line colors, and label and terminal bar colors.
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Alert on Pending Patterns? |
Check this box if you want alerts generated for all Pending patterns. Default is checked. Alerts are generated as of bar close. All alerts use the TradingView alerts() function call.
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Alert on Confirmed Patterns? |
Check this box if you want alerts generated for all Confirmed patterns. Default is checked. Alerts are generated as of bar close. All alerts use the TradingView alerts() function call.
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Alert on Bullish Patterns? |
Check this box if you want alerts generated for Bullish patterns. Default is checked. Alerts are generated as of bar close. All alerts use the TradingView alerts() function call.
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Alert on Bearish Patterns? |
Check this box if you want alerts generated for Bearish patterns. Default is checked. Alerts are generated as of bar close. All alerts use the TradingView alerts() function call.
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