StockFetcher Forums · General Discussion · TheRumpledOne and Fibonacci Lines<< >>Post Follow-up
jhoffmann
9 posts
msg #55247
Ignore jhoffmann
9/26/2007 12:03:19 PM

TRO,

Thank you for many of the filters you have posted here along with some of the spirited conversations between you and WallStreetGenius. Those conversations and the explanations of what you're looking for(WARM Pop80, RSI(2), DMA, BearPower/BullPower) has really helped me develop my own trading style and become a better trader.

I usually trade 2 - 10 day trades as I'm an EE for AMD and don't have a significant amount of time available to day trade. I do think with everything you and others have posted(Niko is very intelligent as well) I could day trade if desired although a certain comfort exists with working for a big company.

On to my question, I would like to learn more about Fibonacci trading as I've read the manual from your website on Fib lines I believe ~24 and ~73 as reversal points. Do you believe the StockFetcher Fib can be used for this trading since we have to define the direction of the stock move for creation of the lines. Maybe I just haven't put 2 + 2 together but I would appreciate a small amount of assistance to get me pointed in the right direction.

Thanks once again for spending so much time helping people with their filters/trading.

-Jim

TheRumpledOne
6,358 posts
msg #55258
Ignore TheRumpledOne
modified
9/26/2007 5:22:27 PM

Fetcher[
/* FINDING THE NEXT NTRI FILTER High follows Low Version with Fundamentals */

/* enter your Upper Limit criteria */
set{UpperLim, High 100 day High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 100 day Low}

set{ULDays, days( high equal High 100 day High, 100 ) }
set{LLDays, days( low equal Low 100 day Low, 100 ) }

set{ULCL, UpperLim - close}
set{Double, UpperLim * .50 }

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

set{PCT, LimDiff / LowerLim}

/* ENHANCED TREND DISPLAY */

set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{aa, a1 + a2}
Set{TREND, aa + a3}
set{T10a,days(10 day slope of the close below 0, 100)}
set{T60a,days(60 day slope of the close below 0, 100)}
set{T200a,days(200 day slope of the close below 0, 100)}

ADD COLUMN TREND
ADD COLUMN T10a
ADD COLUMN T60a
ADD COLUMN T200a

and add column ULDays
and add column LLDays

draw T10a
draw T60a on plot t10a
draw T200a on plot t10a


set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl, CCa - CCb}

set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

/* column display */

add column BallOn {FibLevel}
add column UpperLim {Resist}
add column LowerLim {Support}

/* display fundamentals */
and add column P/E Ratio
and add column Beta {Beta}
and add column institutional holder percent
and add column number of institutional holders
and add column ROE
and add column EPS
add column Long Term Debt {Debt}
and add column profit margin
and add column dividend
and add column dividend yield {dividend_yield}
and add column days since dividend



/* PLOTS */

draw UpperLim on plot price
draw LowerLim on plot price

/* Selection Criteria */

ULDays above -1
LLDays above ULDays

LowerLim below Double

close is above 1
LowerLim above 0

avg vol(5) above 50000
avg vol(30) above 50000

add column industry

Sort column 5 descending
]



The BallOn column can be thought of as the Fib Level. If the value is 23, 38, 50, 61, or 77 then the price is as that Fib Level. I always draw my fibs so 100 is at the top and 0 at the bottom. It's not worthy debating the "correctness" of this.

If you don't want to use 100 days, then reduce the 100s throughout the filter.

HTH.

StockFetcher Forums · General Discussion · TheRumpledOne and Fibonacci Lines<< >>Post Follow-up

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