Using Fuzzy Indicators to Find Patterns

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The most elementary way to use Fuzzy Indicators is to use them to scan for a particular pattern that you believe is important for some reason. You insert the Fuzzy Indicator using the Indicator Wizard, and the output will be a signal from 0 to 1 indication the probability that the bar under consideration matches the pattern you have described in the Fuzzy Indicator parameters. Then you can review that indicator signal with each new current bar that comes into the Trader or DayTrader. You may decide that you are most interested when the probability is high, say greater than .7. Then you might want to enter the A>B indicator into an Alert rule, where A is the Fuzzy Indicator describing your favorite pattern, and B is set to .7.