StockFetcher Forums · Filter Exchange · INTRADAY FILTER - Fib Retrace and Projections Display<< >>Post Follow-up
TheRumpledOne
6,359 posts
msg #49018
Ignore TheRumpledOne
modified
1/8/2007 1:35:13 AM

Fetcher[
/* INTRADAY Fib Retrace and Projections Display */

/* enter your Upper Limit criteria */
set{UpperLim , High 1 Day High}

/* enter your Lower Limit criteria */
set{LowerLim , Low 1 Day Low}

set{ Dynamic_Range , UpperLim - LowerLim }
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / Dynamic_Range}
set{BallOnx, PPDiv * 100}
set{BallOn, round(BallOnx,0)}

set{PCT, Dynamic_Range / LowerLim}



set{ xFib1 , Dynamic_Range * .236 }
set{ xFib2 , Dynamic_Range * .382 }
set{ xFib3 , Dynamic_Range * .500 }
set{ xFib4 , Dynamic_Range * .618 }
set{ xFib5 , Dynamic_Range * .764 }

set { xFibR1 , LowerLim + xFib1 }
set { xFibP1 , UpperLim + xFib1 }

set { xFibR2 , LowerLim + xFib2 }
set { xFibP2 , UpperLim + xFib2 }

set { xFibR3 , LowerLim + xFib3 }
set { xFibP3 , UpperLim + xFib3 }

set { xFibR4 , LowerLim + xFib4 }
set { xFibP4 , UpperLim + xFib4 }

set { xFibR5 , LowerLim + xFib5 }
set { xFibP5 , UpperLim + xFib5 }


DRAW xFibR1 on plot close
DRAW xFibR2 on plot close
DRAW xFibR3 on plot close
DRAW xFibR4 on plot close
DRAW xFibR5 on plot close

DRAW xFibP1 on plot close
DRAW xFibP2 on plot close
DRAW xFibP3 on plot close
DRAW xFibP4 on plot close
DRAW xFibP5 on plot close
DRAW UpperLim on plot close
DRAW LowerLim on plot close

add column separator
add column UpperLim
add column LowerLim
add column BallOn

/* enter what Fib Retrace(s) you want to see */

add column separator
add column xFibR1
add column xFibR2
add column xFibR3
add column xFibR4
add column xFibR5

/* enter what Fib Projection(s) you want to see */

add column separator
add column xFibP1
add column xFibP2
add column xFibP3
add column xFibP4
add column xFibP5
add column separator

Sort column 5 descending

/* price/volume/market criteria */

close above 1

avg vol(5) above 500000
avg vol(30) above 500000

add column industry

]



Here's a fib retrace/projection filter to help plan your trade.

Many times stocks that pop will retrace 23%, 38% or 50% and then take off again.

If you miss the first run, wait until the stock price bases at/near one of these levels BEFORE you jump in.

The BALLON column tells you the price position in percent. So if BALLON is 50 then the price is at the 50% fib level. If BALLON is 77, then the price is at the 23% fib RETRACE level.

I like to keep things simple so the low/support is always 0 and the high/resistance is always 100. When some people draw there fibs, they sometimes make the high/resistance equal 0 when the price is falling.

The fun part is since SF updates intraday now, you can run this and get live targets!

I think you can use this filter display with a Watch List.
















TheRumpledOne
6,359 posts
msg #49042
Ignore TheRumpledOne
1/8/2007 10:25:09 AM

Fetcher[
/* INTRADAY Fib Retrace and Projections Display - SINGLE STOCK */

/* enter your stock criteria */
open equals ind(QQQQ, open) and volume equals ind(QQQQ, volume)

/* enter your Upper Limit criteria */
set{UpperLim , High 1 Day High}

/* enter your Lower Limit criteria */
set{LowerLim , Low 1 Day Low}

set{ Dynamic_Range , UpperLim - LowerLim }
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / Dynamic_Range}
set{BallOnx, PPDiv * 100}
set{BallOn, round(BallOnx,0)}

set{PCT, Dynamic_Range / LowerLim}



set{ xFib1 , Dynamic_Range * .236 }
set{ xFib2 , Dynamic_Range * .382 }
set{ xFib3 , Dynamic_Range * .500 }
set{ xFib4 , Dynamic_Range * .618 }
set{ xFib5 , Dynamic_Range * .764 }

set { xFibR1 , LowerLim + xFib1 }
set { xFibP1 , UpperLim + xFib1 }

set { xFibR2 , LowerLim + xFib2 }
set { xFibP2 , UpperLim + xFib2 }

set { xFibR3 , LowerLim + xFib3 }
set { xFibP3 , UpperLim + xFib3 }

set { xFibR4 , LowerLim + xFib4 }
set { xFibP4 , UpperLim + xFib4 }

set { xFibR5 , LowerLim + xFib5 }
set { xFibP5 , UpperLim + xFib5 }


DRAW xFibR1 on plot close
DRAW xFibR2 on plot close
DRAW xFibR3 on plot close
DRAW xFibR4 on plot close
DRAW xFibR5 on plot close

DRAW xFibP1 on plot close
DRAW xFibP2 on plot close
DRAW xFibP3 on plot close
DRAW xFibP4 on plot close
DRAW xFibP5 on plot close
DRAW UpperLim on plot close
DRAW LowerLim on plot close

add column separator
add column UpperLim
add column LowerLim
add column BallOn

/* enter what Fib Retrace(s) you want to see */

add column separator
add column xFibR1
add column xFibR2
add column xFibR3
add column xFibR4
add column xFibR5

/* enter what Fib Projection(s) you want to see */

add column separator
add column xFibP1
add column xFibP2
add column xFibP3
add column xFibP4
add column xFibP5
add column separator

Sort column 5 descending


add column industry

]



Use this filter to select a single stock.

Change QQQQ to the ticker of your choice.

***WARNING***
DO NOT leave any blanks between the "(" and the "," - for some reason SF gives an error if you do.





TheRumpledOne
6,359 posts
msg #49053
Ignore TheRumpledOne
1/8/2007 2:20:09 PM

http://www.nss-t3.com/PREDICTING%20TURNING%20POINTS%20USING%20FIBONACCI.pdf

Fibonacci Projections and Retracements defined

Fibonacci price projections and retracements are very powerful ratios that can be used as a leading indicator. They use the current underlying structure of the market to attempt to predict where the market may go in the future.

Fibonacci ratios are common in almost everything in nature from flowers, to the human body, seashells etc. Our intention is to show you how you can use these powerful ratios to assist you in your trading. The basics of market price action are determined by supply and demand. This supply and demand can be measured in waves or swings with charts and graphs. Elliot wave technicians attempt to predict turns by counting waves and projecting them into the future.

The downside and the challenge to this methodology is that Elliot wave is extremely ambiguous and often too difficult for most traders to implement into their trading strategy with any degree of consistency. Fibonacci ratios however are just as, if not more powerful and can be done under a more rigid set of rules. After all, rules and discipline are the building blocks for successful trading. Fibonacci ratios are easy to use and just as easy to calculate. You take the range from one pivot to the next and add or subtract the ratios. Simple. Many traders now use spreadsheets and simple charts and graphs to do basic fibonacci ratios. Some common ratios are .382, .500, .618 1.00 1.382, 1.618, 2.00 and 2.618. These ratios also as they get larger tend to have more exhaustive qualities. Where this takes a powerful turn is when you assemble a “ CONFLUENCE” or grouping of these fibonacci ratios in a narrow well-defined area.

Then, when you are able to take that one step further and apply a confluence of ratios from multiple timeframes and multiple areas within the same chart, the confluence area develops into a powerful synergistic area that can be effectively traded to or off of depending upon your personal trading style.

Types of fibonacci ratios that you can calculate

There are 4 main types of Fibonacci Price projections that can be done.

1. Extensions
2. Alternates
3. Expansions
4. Retracements

1. Extensions take the range from point #1 to Point #2 and multiplying that distance by a Fibonacci number, add the two numbers together and project into the future where a possible turning point could be.

2. Alternates take the distance between point #1 and point #2 and adding that distance to point #3 to give you another type of projection into the future.

3. Expansions take the distance from the # 3 pivot to the #2 pivot and then multiply that distance by Fibonacci numbers and add that range to the #3 pivot.

4. Retracements take the distance from one pivot to the next. Preferably a #1 to a #2 pivot and take a portion of that range that is generally 100% or less. Common ratios to calculate retracements are .382, .500, .618, and .786.




TheRumpledOne
6,359 posts
msg #50114
Ignore TheRumpledOne
modified
2/18/2007 2:45:40 PM

Nice video:

http://www.instantprofitstoday.com/ip_20070212/

What's kind of funny is eSignal doesn't want you to know about my FREE dynamic fibs indicator you can get here: www.kreslik.com

They would prefer you pay them big bucks for Advanced Get!





mykl
10 posts
msg #50117
Ignore mykl
2/19/2007 12:14:34 AM

TraderX claims to have an 80% success rate mostly daytrading the pullbacks from opening gaps after they've dipped below the opening high in an NR formation where the trigger's often an inside bar or hammer. His target/exit is the Fib 138% extension. He draws his Fibs from the low of the previous day to the high of the opening bar. In his blog, he neither proselytizes nor recommends, but posts his trades after the fact as a way to spread good karma. Seems like a good guy.
www.traderx.blogspot.com

One of his Fib disciples, Victoria, also posts her trades and A LOT more in her very entertaining blog :)
www.victoriasbox.blogspot.com


TheRumpledOne
6,359 posts
msg #50368
Ignore TheRumpledOne
3/2/2007 3:08:31 PM

Video:

http://broadcast.ino.com/videos/dowdisaster/?1219




TheRumpledOne
6,359 posts
msg #73838
Ignore TheRumpledOne
4/24/2009 1:26:48 PM

Did anyone happen to download and save a copy of the PDF file?

The link doesn't work and I can't seem to find my copy.

Thanks in advance.

TheRumpledOne
6,359 posts
msg #73841
Ignore TheRumpledOne
4/24/2009 1:49:25 PM

Found these:

http://www.nexgent3.com/file%20uploads/How%20to%20find%20fibonacci%20confluences.pdf

http://ias.whu.edu.cn/Annals/Articles/May2006/aef070110.pdf

http://www.selmarket.com/BuchFibonacciTrading.pdf



StockFetcher Forums · Filter Exchange · INTRADAY FILTER - Fib Retrace and Projections Display<< >>Post Follow-up

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