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Neon v2 can display up to 10 effects blended each other with different modes: additive, subtractive, multiply, mask, etc. Each of them can also have its own filter plus a special layer to apply a filter to all FX at once.
Filters can be applied to any FX source. Neon v2 filters include colorize, distort, hi/lo-pass, pixelate, emboss, glow, blur, halftone, etc.