See Chart Operation and Watchlist Operation for instructions on how to access the parameters dialog to adjust the settings listed below.
Show Bullish Patterns? |
Check this box to display all Bullish patterns found in the price data. Default value is checked (true).
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Show Bearish Patterns? |
Check this box to display all Bearish patterns found in the price data. Default value is checked (true).
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Show AB=CD? |
Check this box to display all AB=CD patterns found in the price data. Default value is checked (true).
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Show Bat? |
Check this box to display all Bat patterns found in the price data.This selection will control the Bat and Alt Bat patterns. Default value is checked (true).
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Show Butterfly |
Check this box to display all Butterfly patterns found in the price data. Default value is checked (true).
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Show Gartley? |
Check this box to display all Gartley patterns found in the price data. This selection will control the Gartley and Gartley886 patterns. Default value is checked (true).
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Show Crab? |
Check this box to display all Crab patterns found in the price data. This selection will control the Crab and Deep Crab patterns. Default value is checked (true).
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Show Shark? |
Check this box to display all Shark patterns found in the price data. Default value is checked (true).
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Show 5-0? |
Check this box to display all 5-0 patterns found in the price data. Default value is checked (true).
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Strict ABCD? |
Check this box to force a more stringent evaluation for ABCD patterns. This will generally result in fewer overall ABCD patterns being found, but those displayed will be of higher quality and, therefore, more reliable. Default value is checked (true).
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ABCD Align ATRs |
When Strict ABCD? above is checked, you can specify an allowable ATR range for the pattern. This basically looks at a straight line drawn from the A point, through the middle of the B/C points and it compares the end-point of this line with the actual D point of the pattern. If the distance between the two is within the specified ATR range then the pattern is allowed. Default value is 1.5 ATRs.
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Specify the maximum number of points that patterns are allowed to share. The default is 2. By "point" we mean swing points (i.e., where the O, X, A, B, C, D, etc. labels are drawn). If a new pattern is found and if this pattern shares more than the allowable maximum points with another existing pattern then the larger of the two patterns will be kept and the other discarded. Note that this filter applies to Confirmed (completed) patterns only and does not apply to Pending or Potential patterns. Valid range is from 0 to 4. See Display Filters.
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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 3000 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 20 bars and 3000 bars. Default value is 300 bars.
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Check this box if you wish to hide any patterns that are formed within a larger pattern. If true then any Confirmed patterns that are found to be within the boundaries of a larger Confirmed pattern will be discarded. If false then patterns are drawn regardless of whether or not they happen to be inside of larger patterns. Note that this filter applies to Confirmed (completed) patterns only and does not apply to Pending or Potential patterns. Default value is checked (true). See Display Filters.
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If checked, then the pattern engine will draw an imaginary line between the specified points and check all price bars between those two points against this line. If the close of any bars push through this line then the pattern is discarded. If not checked then this test is not performed. See Pattern Filters. Default value is not checked (false).
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B/D Filter? |
If checked, then the pattern engine will draw an imaginary line between the specified points and check all price bars between those two points against this line. If the close of any bars push through this line then the pattern is discarded. If not checked then this test is not performed. See Pattern Filters. Default value is not checked (false).
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Show Pending Patterns? |
Check this box to display any Pending patterns found in the price data. A Pending pattern is any pattern that meets all of the pattern requirements as of the current (realtime) bar. Now, this pattern will not become a Confirmed pattern until the pivot that forms the final leg has completed (which can be as of the close of the very next bar, or several bars in the future if this happens to be a multi-bar pivot).
Note that a Pending pattern is not guaranteed to become a Confirmed pattern since the current, developing, bar may still move to extremes that invalidate the pattern. However, this feature gives you an important heads-up and gives you time for planning/preparation before the pattern becomes Confirmed. Default value is checked (true). See Overview.
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Show Potential Patterns? |
Check this box to display any Potential patterns found in the price data. A Potential pattern is any pattern that has completed all but the very last leg, and has met all of the rules and requirements for the legs that have completed. Depending upon the harmonic pattern, there may be several Potential patterns being tracked by the pattern engine at any given time. If this feature is turned on, the pattern engine will display the Potential pattern that is closest in terms of price and time. When displaying Potential patterns, the pattern engine will draw the completed legs and project the area in the future where price and time would have to meet in order to complete the pattern. Default value is checked (true). See Overview.
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Potential Logic: |
Select from "C is Formed", "B/C Midpoint Exceeded", and "B Exceeded". This option allows you to instruct the pattern engine as to when a Potential pattern is a candidate for display (i.e., immediately after the C leg is completed, or only once price moves past the midpoint of the B/C leg, or only once price exceeds the B leg). Note that regardless of this setting, a Potential pattern will only be displayed if and when all of the other filters/rules have been satisfied. Default value is "B Exceeded".
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Set the line length to use when drawing the PRZ (Potential Reversal Zone) zone lines. Default value is 10 bars. To disable the display of the zone lines, set this value to 0. See Zone Lines.
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Set the additional line length used to draw the T1 and T2 target lines for each pattern. Default value is 10 bars. This means that if the Zone Line Extension is 10 bars then the total line length for the T1 and T2 targets will be 20 bars.
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Check this box and zone lines will automatically be extended through the end of the next pattern, or up to the most current price bar if there is no pattern that follows. The maximum number of bars for purposes of calculating the zone line extension will be 10 times the value you have input for Zone Line Extension above. Default value is unchecked (false).
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Update Pending/Potential |
Select from "Once per Bar" and "Every X Seconds". This controls how frequently the indicator will check for new and/or updated Potential and Pending patterns. Default value is "Every X Seconds".
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Update Interval (seconds) |
If "Every X Seconds" is selected above then the updates will occur at the interval defined here. Valid range is between 1 and 600. Default value is 20 meaning that the indicator will update every 20 seconds.
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Only In Range? |
This option pertains only when the indicator is being run in a watchlist. If checked then only those Potential patterns that are near their completion zone will be displayed in the watchlist. "Near" is defined as current price being within 10% of the min/max range of the completion zone and the current bar being no further away than 3 bars from the completion zone (see Watchlist Operation). Default value is checked (true).
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# of Confirmed Patterns to Show
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Specify the maximum number of confirmed patterns that should be displayed in a chart. With this option you can filter your chart display to either display all patterns, or only the most recent patterns. So, for example, if you only wanted to see the two most recent Confirmed patterns in all of your charts then you would set this value to 2.
Default value is 0 meaning display all patterns.
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Display User Guide Link? |
Check this box to display a User Guide icon at the bottom-left of the chart. You can then hold down your SHIFT key and click on this icon to launch this User Guide. Default value is not checked (false).
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Fill Patterns? |
Check this box to draw all patterns with a filled body. eSignal does not have actual canvas fill functionality so to accomplish the fill we draw thin lines in the selected color within the outline of the pattern. Default value is checked (true).
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Opacity (0.0-1.0) |
Input the opacity value to use for filling the pattern bodies if Fill Patterns? is checked. Valid range is a value between 0 and 1. Default is 0.30.
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Fill Line Type |
Select the line type to use to fill all patterns if Fill Patterns? is checked.. Select from "Solid", "Dot", "Dash", "DashDot", and "DashDotDot". Default is "Dot".
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Size (4-55) |
Select the font size to use to draw the terminal bar identification symbol. Input a value between 4 and 55. Default is 12. |
Confirmed Bullish Leg Color |
Select the color to be used to draw the legs for bullish Confirmed patterns. Default is green.
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Confirmed Bearish Leg Color |
Select the color to be used to draw the legs for bearish Confirmed patterns. Default is maroon.
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Pending Leg Color |
Select the color to be used to draw the legs for Pending patterns. Default is royal blue.
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Potential Leg Color |
Select the color to be used to draw the legs for Potential patterns. Default is grey.
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Thickness (1-10) |
Select the line thickness to use to draw all pattern legs. Default is 2.
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Line Type |
Select the line type to use to draw all pattern legs. Select from "Solid", "Dot", "Dash", "DashDot", and "DashDotDot". Default is "Solid".
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Confirmed Ratio Line Color |
Select the color to be used to draw the ratio lines for Confirmed patterns. Default is grey.
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Pending Ratio Line Color |
Select the color to be used to draw the ratio lines for Pending patterns. Default is royal blue.
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Potential Ratio Line Color |
Select the color to be used to draw the ratio lines for Potential patterns. Default is light grey.
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Thickness (1-10) |
Select the line thickness to use to draw all ratio lines. Default is 1.
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Line Type |
Select the line type to use to draw all ratio lines. Select from "Solid", "Dot", "Dash", "DashDot", and "DashDotDot". Default is "Dot".
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Confirmed Leg Label Color |
Select the color to be used to draw leg labels for Confirmed patterns. Default is royal blue.
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Pending Leg Label Color |
Select the color to be used to draw leg labels for Pending patterns. Default is navy.
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Potential Leg Label Color |
Select the color to be used to draw leg labels for Potential patterns. Default is dark grey..
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Font Size (4-55) |
Select the font size to use to draw all leg labels. Input a value between 4 and 55. Default is 9.
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Confirmed Ratio Label Color |
Select the color to be used to draw ratio labels for Confirmed patterns. Default is royal blue. |
Pending Ratio Label Color |
Select the color to be used to draw ratio labels for Pending patterns. Default is navy.
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Potential Ratio Label Color |
Select the color to be used to draw ratio labels for Potential patterns. Default is dark grey.
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Font Size (4-55) |
Select the font size to use to draw all ratio labels. Input a value between 4 and 55. Default is 7.
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Zone Line Bullish Color |
Select the color to be used to draw bullish zone lines for all patterns. Default is green.
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Zone Line Bearish Color |
Select the color to be used to draw bearish zone lines for all patterns. Default is red.
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Thickness (1-10) |
Select the line thickness to use to draw all zone lines. Default is 3.
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Line Type |
Select the line type to use to draw all zone lines. Select from "Solid", "Dot", "Dash", "DashDot", and "DashDotDot". Default is "Dot".
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Zone Text Color |
Select the color to use to draw all text associated with the zone lines. Default is dark grey.
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Select the font size to use to draw all zone line text. Input a value between 4 and 55. Default is 9.
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Show Reverse Zone Labels? |
Check this box if you want to frame the zone label text in the current zone line color. Default is unchecked (false).
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Show Vertical Zone Line? |
Check this box if you want a vertical line drawn that will connect all zone lines. Default is unchecked (false).
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Alert on Potential Patterns? |
Check this box if you would like an alert generated on each new Potential pattern. Default is not checked (false).
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Alert on Pending Patterns? |
Check this box if you would like an alert generated on each new Pending pattern. Default is checked (true).
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Alert on Confirmed Patterns? |
Check this box if you would like an alert generated on each new Confirmed patterns. Default is checked (true).
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Use Sound Alerts? |
Check this box if you would like audible alerts to be used. Default is checked (true).
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Use Popup Alerts? |
Check this box if you would like pop-up alerts to be used. Default is checked (true).
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Use Email Alerts? |
Check this box if you would like email alerts to be used. Default is not checked (false).
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Bullish Pattern WAV File |
Input the file name of the WAV file to be used when an alert is generated for a bullish pattern. Only applies if Use Sound Alerts? is checked. Default is DING.WAV. eSignal provides a folder full of WAV files that can be used for alert purposes. Just type in the full name of any WAV file that is located in this folder, which is located at <My Documents>\Interactive Data\Sounds\
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Bearish Pattern WAV File |
Input the file name of the WAV file to be used when an alert is generated for a bearish pattern. Only applies if Use Sound Alerts? is checked. Default is BOING.WAV. eSignal provides a folder full of WAV files that can be used for alert purposes. Just type in the full name of any WAV file that is located in this folder, which is located at <My Documents>\Interactive Data\Sounds\
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