If you are welding with a transformer power source in AC (including some that are marketed as "squarewave") you may need to keep the high frequency on "continuous" to maintain a stable AC arc.
Inverter power sources (such as all Everlast machines) however do not require continuous high frequency when welding in AC mode and generally only need high frequency when starting.
I think the output of a "squarewave transformer" power source is actually not a true squarewave, but more of a truncated sine wave, while an inverter power source's output is much closer to a true square wave. The inverter drives the signal from positive to negative (and back the other direction) more quickly than the transformer can, which helps keep the gas ionized (or in other words the arc "lit") as the electrons flow from one direction to the opposite (current direction changing from electrode positive to electrode negative, or vice versa.)
'13 Everlast 255EXT
'07 Everlast Super200P