|The Harmonic Analyzer Pattern Scan revolutionary Harmonic
Pattern matching and visualization of Fibonacci
retracements/projections, AB=CDs, Gartleys, Butterflies, Crabs and Bats.
What should I scan?: The
HA allows the user to scan for a multitude of Fibonacci ratios and
pattern combinations. The beauty of the program is that the scan
filters can specify exact ratios for each point within a pattern
and generate match lists based on those precise conditions.
The HA can scan for user-defined ratios and patterns separately or in
How do I save pre-set filters for a scan?:
The HA can save different filter lists
to create separate scans based on the user's preference. Go to
TOOLS, select HARMONIC ANALYZER. Once the HA Scan is open, select
the EDIT button, which will open the filter list. After the
filter list is open, select the MATCH LIST tab to choose various
Fibonacci and pattern specifications. After you are finished
choosing the pattern preferences, select OK at bottom of the filter
list page. This will prompt the user to save the change
preferences as a new list. Follow this procedure and resave the
match list as a different name each time to create new lists.
There are several others tabs that allow the user to specify MAX #
MATCHES, TIMESCALE, BULLISH/BEARISH, MATCH WIDTH, MAX % PRZ SPREAD,
PRZ, ADVANCED and INDICATOR FILTERS.
Why so many matches? The
HA possesses such a wide variety of pattern match capabilities that it
frequently generates a large number of matches. This is due to
scanning for a large number of stocks, as well as not filtering HA
What are the most important matches?: Typically,
the first match for a symbol is the most significant. However,
pattern matches should be considered more significant than simple ratio
frequently should I run a scan?: Depending
upon the time frame, an end-of-day trader may scan once a day, while an
intraday trader may run several scans throughout the day.