To open the settings menu, place your mouse pointer over the indicator title on your chart, you will then see a list of icons appear, and click on the gear ⚙️ icon.You can also open the settings panel by double-clicking any element displayed by the toolkit.
Controls the frequency at which reversals are detected by the HyperWave, with higher values returning less frequent and longer term potential reversals.
The “Invalidate On Step 1” behavior allows to reset an incomplete sequence of conditions when the condition on step 1 trigger. This prevents the first step condition from happening in between other steps of the condition sequence.This behavior is useful when the first step of our sequence of conditions needs to never be repeated during the sequence.
Example
Let’s take an example where we use 3 regular steps.
1
Step 1
Step 1 condition trigger, we will now evaluate step 2 from now on.
2
Step 2
Step 2 condition trigger, we will now evaluate step 3 from now on.
3
Step 1 Trigger
Step 1 condition trigger, we start evaluating step 2 from now.
The “Invalidate On Any Repeated Step” behavior allows to reset an incomplete sequence of conditions when a step is triggered such that it does not respect the user-set order of conditions.This behavior is useful when we want a perfectly ordered sequence of conditions to complete, without any step repeating itself.
Example
Let’s take an example where we use 3 regular steps.
1
Step 1
Step 1 condition trigger, we will now evaluate step 2 from now on.
2
Step 2
Step 2 condition trigger, we will now evaluate step 3 from now on.
3
Step 1 or 2 Trigger
Step 1 or 2 conditions trigger, we start evaluating step 1 from now.
Invalidation behaviors allows adding more restrictions to a sequence of conditions, users can use two different invalidation behaviors described below.
Maximum allowed horizontal distance (in bars) between two steps.If the amount of bars since a step exceed the selected threshold, then the conditions sequence is reset, and we start evaluating from step 1 again.
When a custom alert condition is set, a visual element is displayed at the bottom of the chart in order to more easily visualize when the custom alert conditions occurs (displayed by default).