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Rectangle Pattern Settings

Fine-tune your rectangle pattern detection for optimal trading results. Learn to balance between pattern frequency and accuracy through customized settings.

Core Configuration Parameters​

Our scanner offers two primary adjustment areas:

  1. Swing Size: Controls pattern size detection
  2. Accuracy Level: Balances between quantity and quality of patterns

Default Scanner Settings

Optimizing Swing Detection​

Understanding Swing Sizes​

The scanner uses our proprietary swing detection algorithm with dual swing size capability:

  • Smaller swings: Capture quick trading opportunities
  • Larger swings: Identify major market structures

Swing Size Configuration

Pro Tip

Use our Swing Suite indicator with matching swing sizes to visualize the detection algorithm in action.

  1. Intraday Trading

    • Primary swing: 2-4
    • Secondary swing: 5-8

  2. Daily Timeframe

    • Primary swing: 4-6
    • Secondary swing: 8-12

  3. Weekly Charts

    • Primary swing: 6-10
    • Secondary swing: 12-20

Fine-tuning Accuracy​

Tolerance Levels​

Adjust pattern detection sensitivity through tolerance settings:

Tolerance Settings

  • Lower tolerance: Fewer but more reliable patterns
  • Higher tolerance: More patterns but lower accuracy
warning

Higher tolerance settings may increase false signals. Always validate with pattern statistics.

Performance Monitoring​

Using Pattern Statistics​

Monitor and optimize your settings using our built-in statistics:

  1. Pattern frequency
  2. Success rate
  3. Risk/reward ratios
  4. Breakout direction bias
Key Insight

Low performance periods often indicate the need for setting adjustments or temporary pattern trading suspension.

FAQ​

Next Steps​

Pattern Statistics

Learn to analyze and interpret pattern performance metrics

Advanced Trading Strategies

Master rectangle pattern trading techniques