Sign up for tips & tools and receive a free scanning tool!
 

The right tool for the job. If we don't have it, we can make it!

AutoFib Automatic Fibonacci Retracement/Extensions

Be the first to review this product

* Required Fields

Share This
Product
Our Price: $199.95
 
Platforms:

Tradestation

MultiCharts

Description:

This study automatically detects the most recent swing high and swing low of a price chart and plots a series of lines on the chart representing the 38%, 50% and 62% Fibonacci retracement levels from the most recent Swing High/Low to the lowest low/highest high of the current swing leg. The amount of price reversal required to define a swing reversal, and therefore the sensitivity of the system, is controlled by the input variables TICKCHG and PCTCHG, as described previously.

The AutoFibTM retracement levels are plotted as horizontal colored dotted lines whose levels will change as new highs/lows are achieved in the current swing leg. We recommend that you use the Zig Zag indicator to determine the best settings to use for PCTCHG or TICKCHG inputs in the AutoFib. Once you have determined the optimum PCTCHG or TICKCHG settings for an acceptable Zig Zag swing size, we recommend you use double that value for the AutoFibTM tool. This way the AutoFibTM tool better relates the Zig Zag swings on your chart to the longer-term swing retracement levels.

Fibonacci extension levels are calculated as follows: If prices are currently in an Upswing, the AutoFibTM Extension Tool calculates the length of the previous Upswing, multiplies that length by the Inputted Fibonacci ratios, and adds those Fibonacci extension lengths to the beginning of the current upswing.

The Fibonacci extension ratios are defined by the adjustable Inputs, EXTEND1 through EXTEND4. Default values have been set at 1.000, 1.382, 1.500, and 1.618.

Available on:

TradeStation

Multicharts

 

More Views

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

make up wisuda make up jogja prewedding jogja prewedding yogyakarta berita indonesia