StockFetcher Forums · Filter Exchange · Fibonacci Zone Pivots for Day Trading<< 1 2 3 4 5 ... 6 >>Post Follow-up
Eman93
4,750 posts
msg #71062
Ignore Eman93
modified
1/29/2009 11:06:14 PM

Finaly got around to codeing this.. I was looking at the results and damm why did I ever stop using these?

I will be drawing these lines on my charts from now on.

Plot hoiziontal lines on your 1 min chart to trade interday support and resistance

Change the symlist to add your stocks

You can use this same formula for weekly support and resistance levels..

Fetcher[/*Fib Zone Pivots*/

set{HL, High + Low}
set{HLC, HL + Close}
set{piv, HLC / 3}
set{DR, High - Low}
set{DR5, 0.5 * DR}
set{rs1, PP + DR5}
set{rs2, PP + DR}
set{sp1, PP-DR5}
set{sp2, PP - DR}
set{DR618, 0.618 * DR}
set{RB1, PP + DR618}
set{SB1, PP - DR618}
set{DR138, 1.382 * DR}
set{RB2, PP + DR138}
set{SB2, PP - DR138}

add column piv
add column sp1
add column rs1
add column sp2
add column rs2
add column SB1
add column RB1
add column SB2
add column RB2
/* SELECTION CRITERIA */

symlist(fas,faz,tna,tza,sso,sds)

sort column 1 desending
]



Eman93
4,750 posts
msg #71065
Ignore Eman93
1/29/2009 11:51:16 PM

sp1 is support 1

sb1 is support band 1

rs1 is resistance 1 .. you get the idea


johnpaulca
12,036 posts
msg #71069
Ignore johnpaulca
1/30/2009 12:34:14 AM

Nice job Eman.

guru_trader
485 posts
msg #71073
Ignore guru_trader
modified
1/30/2009 1:58:20 AM

Nice!

Fetcher[
/* === Chart Layout === */
chart-length is 15 days

/* === Selection Criteria === */
symlist(cal,bzh,amr,anr,dal,uaul,mth,rtk,lcc,rdn,sca,mtg,abk,qtw,mon,sial.ilmn,mos,cf,flir,crk,rimm,qid,sds,dal,srs,abx)

/* === Sorting Criteria === */
sort column 1 desending

/* === Fib Zone Pivots === */
set{HL, High + Low}
set{HLC, HL + Close}
set{piv, HLC / 3}
set{DR, High - Low}
set{DR5, 0.5 * DR}
set{rs1, PP + DR5}
set{rs2, PP + DR}
set{sp1, PP-DR5}
set{sp2, PP - DR}
set{DR618, 0.618 * DR}
set{RB1, PP + DR618}
set{SB1, PP - DR618}
set{DR138, 1.382 * DR}
set{RB2, PP + DR138}
set{SB2, PP - DR138}

/* === Draw Fib Zone Pivots on chart === */
add draw piv on plot price
add draw sp1 on plot price
add draw rs1 on plot price
add draw sp2 on plot price
add draw rs2 on plot price
add draw SB1 on plot price
add draw RB1 on plot price
add draw SB2 on plot price
add draw RB2 on plot price

/* === Display Fib Zone Pivots in columns === */
add column piv
add column sp1
add column rs1
add column sp2
add column rs2
add column SB1
add column RB1
add column SB2
add column RB2
]



Eman93
4,750 posts
msg #71088
Ignore Eman93
1/30/2009 11:16:33 AM

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Radiomuse
288 posts
msg #71094
Ignore Radiomuse
1/30/2009 3:44:01 PM

Eman - I posted this in Intraday Alerts and thought I'd move it to the proper thread, unfortunately can't delete it from the other one...

Just curious where you got the idea for this, cause the S1 and R1 are being calculated a little differently, and the usage and choice of the Fib numbers.... Not challenging you - just trying to learn/experiment and I might tweak the numbers a bit...

Thanks!
Mike

Eman93
4,750 posts
msg #71096
Ignore Eman93
1/30/2009 3:55:11 PM

Not trying to be a smart ass, but I read it in a book. When I first started trading I was using them, then I moved on to something else........today was the first day I plotted them on my screen, and wow.

Eman93
4,750 posts
msg #71097
Ignore Eman93
modified
1/30/2009 4:19:36 PM

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Eman93
4,750 posts
msg #71107
Ignore Eman93
1/31/2009 12:02:23 PM

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Eman93
4,750 posts
msg #71139
Ignore Eman93
modified
2/2/2009 10:40:12 PM

Be sure to watch out for yesterdays close as a point of support /resistance......
As TRO has shown todays open and yesterdays close are strong price points.


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StockFetcher Forums · Filter Exchange · Fibonacci Zone Pivots for Day Trading<< 1 2 3 4 5 ... 6 >>Post Follow-up

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