Configuration options allow the trader to select up to 12 different ratios, the color, style, width and label contents can be configured too.

Transcription

1 Automatic Arbitrary Range Fibonacci Retracements Automatic Intraday Range Fibonacci Retracements Automatic Interday Range Fibonacci Retracements Automatic Monthly Range Fibonacci Retracements Automatic Rolling Range Fibonacci Retracements Automatic Weekly Range Fibonacci Retracements Automatic Fibonacci Retracements Combination Pack Table of Contents Overview...2 Combination Package Overview...2 Fibonacci Sequence...2 Fibonacci Ratios...3 Getting Started...3 Quick Start...4 Indicator Output...6 Configuration...6 Configuration: General Tab...7 Configuration: Inputs Tab...7 Common to all auto-fib indicators...7 Unique to H.FIBS.RTH and H.FIBS.ETH...8 Unique to H.FIBS.ROLLING...9 Unique to H.FIBS.ARBITRARY...9 Configuration: Alerts Tab...10 Configuration: Style Tab...10 Configuration: Color Tab...10 Configuration: Scaling Tab...10 Configuration: Advanced Tab...10 Chart Types Supported...10 Support...11 Disclaimer...11 This document is the reference for all auto-fib indicators. Page 1 Copyright 2015

2 Overview These indicators are similar to the built-in Fibonacci price retracement lines drawing tool but on AUTO-DRIVE. During the specified session/time period, the indicators continuously update a set of Fibonacci retracement and extension lines based on the session's range. The indicators are appropriate for stock, futures, and forex traders of all skill levels, whether they use Fibonacci ratios or not. For Fibonacci traders, this indicator eliminates the work of manually updating the retracement lines when new session high or low is set. For other trading methodologies, confluence with Fibonacci retracements may improve the trade's probability of success. The indicators support equity index futures (.D or continuous contracts), other futures (e.g. currency, interest rate, energy, metals, grains), stocks and forex. Configuration options allow the trader to select up to 12 different ratios, the color, style, width and label contents can be configured too. Combination Package Overview The combination package includes all SIX auto-fib indicators. This set of auto-fib indicators provides the trader with a comprehensive toolkit for Fibonaccibased market analysis. The auto-fib indicators provide a map of potential reversal or support/resistance prices for many time-frames: Arbitrary time-frame Any start day/time to any end day/time Intraday/Regular trading hours RTH/pit/day (sessions that begin and end in the same calendar day) Interday/Extended trading hours ETH/globex (sessions that begin and end on sequential calendar days) Weekly time-frame Monthly time-frame Rolling time-frame A trader may place multiple auto-fib time-frame indicators on the same chart to find confluences that may improve trade probability. For equities try RTH, weekly, and monthly on the same chart For forex, try a combination of RTH and ETH to see the range and extension of the New York, Tokyo, and London trading hours Fibonacci Sequence The Fibonacci sequence are the numbers in the following integer sequence: Page 2 Copyright 2015

3 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, or 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, By definition, the first two numbers in the Fibonacci sequence are 1 and 1, or 0 and 1, depending on the chosen starting point of the sequence, and each subsequent number is the sum of the previous two. In mathematical terms, the sequence F n of Fibonacci numbers is defined by the recurrence relation F n = F n-1 + F n-2, with seed values F 1 = 1, F 2 = 1 or F 1 = 0, F 2 = 1. Fibonacci Ratios Fibonacci ratios are mathematical relationships, expressed as ratios, derived from the Fibonacci sequence. The key Fibonacci ratios are 0%, 23.6%, 38.2%, 61.8%, and 100%. The key Fibonacci ratio of is derived by dividing any number in the sequence by the number that immediately follows it. For example: 8/13 is approximately 0.615, and 55/89 is approximately % is called the golden ratio. The ratio is found by dividing any number in the sequence by the number that is found two places to the right. For example: 34/89 is approximately The ratio is found by dividing any number in the sequence by the number that is three places to the right. For example: 55/233 is approximately The ratio is the square root of The ratio is the square root of The ratio is the square root of The ratio is the square root of ,.382,.50,.618,.786,.887, 1.128, 1.272, and are the default ratios used in this indicator, the trader may change these ratios to align with their trading plan. Getting Started TradeStation will install the indicator and a sample workspace during the first platform login after you purchase the Free Trial or monthly subscription. Depending upon the indicator you purchased, it will be named: Automatic Arbitrary Range Fibonacci Retracements H.FIBS.ARBITRARY Automatic Intraday Range Fibonacci Retracements H.FIBS.RTH Automatic Interday Range Fibonacci Retracements H.FIBS.ETH Page 3 Copyright 2015

4 Automatic Monthly Range Fibonacci Retracements H.FIBS.MONTHLY Automatic Rolling Range Fibonacci Retracements H.FIBS.ROLLING Automatic Weekly Range Fibonacci Retracements H.FIBS.WEEKLY or, if you subscribed to the combination pack: Automatic Fibonacci Retracements Combination Pack H.FIBS.ARBITRARY Automatic Fibonacci Retracements Combination Pack H.FIBS.RTH Automatic Fibonacci Retracements Combination Pack H.FIBS.ETH Automatic Fibonacci Retracements Combination Pack H.FIBS.MONTHLY Automatic Fibonacci Retracements Combination Pack H.FIBS.ROLLING Automatic Fibonacci Retracements Combination Pack H.FIBS.WEEKLY The sample workspace will be installed in your default workspace folder. The workspace will be named: Automatic Arbitrary Range Fibonacci Retracements.TSW, Automatic Intraday Range Fibonacci Retracements.TSW, Automatic Interday Range Fibonacci Retracements.TSW, Automatic Monthly Range Fibonacci Retracements.TSW, Automatic Rolling Range Fibonacci Retracements.TSW, Automatic Weekly Range Fibonacci Retracements.TSW, or Automatic Fibonacci Retracements Combination Pack.TSW, depending upon your subscribed to package. If your platform version is the same or more recent than what was used by the developer to create the sample workspace then you can open the workspace (file->open workspace) as you would with any other workspace. If your TradeStation platform is older then you can not use the sample workspace but you can still use the indicator. Quick Start If you are not using the sample workspace, keep the following points in mind: The default colors of the Auto-Fib indicators were selected for a platform that uses BLACK as the chart background color. If you use a light color for the background then the default colors may not be visible on your chart. In that case, make sure that you click on Prompt for Format when you insert the indicator. Go to the Color tab and adjust the colors accordingly. The default time period of all Auto-Fib indicators were selected for a platform that uses the Exchange Display time zone of futures symbol (Central time zone in the USA). If you use a different display time zone for the charted product, or the charted product has different session open and close times, then click on Prompt for Format when you insert the indicator. Go to the Inputs tab and adjust the Start and End time accordingly (only relevant for Intraday and Interday Retracement Indicators). Read the Page 4 Copyright 2015

5 Configuration: Inputs Tab section for more information. To start H.FIBS.RTH on a new.d or 24 hour continuous index futures chart, perform the following steps: 1. Create a new Chart Analysis chart 2. Insert symbol on the chart; make sure the display time zone is set to Exchange 3. Set the chart interval to 15 minutes 4. Insert the H.FIBS.RTH indicator (turn on Prompt for Format ). Select the Input tab and set StartTime to 0830 and EndTime to If you prefer a smaller chart interval then select one whose candle closes at 1515 (e.g. 5 minutes or 1 minutes, not 10 minutes) To start H.FIBS.RTH on a new NYSE listed equity such as IBM, perform the following steps: 1. Create a new Chart Analysis chart 2. Insert the SPY symbol on the chart; make sure the display time zone is set to Exchange 3. Set the chart interval to 30 minutes 4. Insert the H.FIBS.RTH indicator (turn on Prompt for Format ). Select the Input tab and set StartTime to 0930 and EndTime to To start H.FIBS.ETH on a new 24 hour continuous index futures chart, perform the following steps: 1. Create a new Chart Analysis chart 2. Insert symbol on the chart; make sure the display time zone is set to Exchange 3. Set the chart interval to 15 minutes 4. Insert the H.FIBS.ETH indicator (turn on Prompt for Format ). Select the Input tab and set StartTime to 1700 and EndTime to If you prefer a smaller chart interval then select one whose candle closes at 0830 (e.g. 10, 5, or 1 minutes) H.FIBS.ARBITRARY has unique inputs that define the specific date and time of the beginning and end of the session. H.FIBS.MONTHLY, H.FIBS.WEEKLY do not require inputs that define the beginning or end of session as the indicator calculates that information from the chart time. H.FIBS.ROLLING has an input that specifies the number of candles to include in the look back period. Page 5 Copyright 2015

6 Indicator Output This picture represents the default output of the Auto-Fib indicators. At the moment each candle closes, the indicator determines the high and low of the specific range and if necessary updates the calculation of the retracements and extensions. The horizontal lines represent the retracement between the session high and low and the extensions beyond the range. The session extreme (either high or low) that is most recent is labeled 0% while the session extreme (high or low) that is oldest is labeled 100%. Retracements greater than zero represent price extensions from the 0% line through the 100% line. Retracements less than zero represent price extension from the 100% line through the 0% line. The specific retracement ratio, the line color and style, the label location and label content can be configured by the trader. When the first candle of a new session closes, the previous session's retracement lines are truncated or removed depending upon the Keep.History input parameter. Configuration When you format the indicator(s) there are several tabs of interest. Page 6 Copyright 2015

7 Configuration: General Tab There is nothing to change here. NEVER select Update value intra-bar as the indicator will not operate properly. If you have a support question, the Notes: portion of this tab displays the indicator's version, be sure to include this information in your . Configuration: Inputs Tab Common to all auto-fib indicators The inputs listed in this table are common to all auto-fibindicators. Name Default Value Description ShowLabels TRUE When True, the label for each displayed Fibonacci retrace line is displayed. The text's font, style, and size are defined by the defaults of the integrated Text tool. This input works the same as the Show Labels check box of the integrated Fibonacci Price Retracement Lines drawing tool. ShowValue TRUE If ShowLabels is true then when ShowValue is true the Fibonacci value of each displayed Fibonacci retrace line is displayed. This input works the same as the Show Value check box of the integrated Fibonacci Price Retracement Lines drawing tool. ShowPrice TRUE If ShowLabels is true then when ShowPrice is true the price of each displayed Fibonacci retrace line is displayed. This input works the same as the Show Price check box of the integrated Fibonacci Price Retracement Lines drawing tool. Right.Justify TRUE If True and Extend.Right is False then labels are displayed to the left of the 0% candle. If True and Page 7 Copyright 2015

8 Name Default Value Description Extend.Right is True then labels are displayed to the right of the last displayed candle (note: in this instance format the window and set the Space to the right to a large enough number of bars to show the label). If False then labels are displayed to the left of the 100% candle. Extend.Right TRUE If True the Fibonacci retrace lines are extended to the right edge of the chart. If False the Fibonacci line is drawn from the candle that represents the 100% to the candle that represents the 0% of the range. Keep.History FALSE When a new session starts, if Keep.History is True then the Fibonacci retracement lines from all previous sessions remain on the chart. If False only the retracement lines for the current session are displayed. This option is useful if you want to research whether extensions from previous days, weeks, or months aligned or may align with current or future turns in price. Fib1.Percent 0 Must always be zero and represents the 0% line Fib2.Percent 1 Must always be one and represents the 100% line Fib3.Percent through Fib14.Percent Fib1.Style through Fib14.Style various various Unique to H.FIBS.RTH and H.FIBS.ETH StartTime Any positive or negative number. Use a decimal number to represent the percentage retrace desired (e.g..382 = 38.2%,.618 = 61.8%, -.5 = -50%). Use 0 if the line should not be drawn. Line styles for the specific retracement line. Valid choices are: Tool_Solid, Tool_Dashed, Tool_Dotted, Tool_Dashed2, Tool_Dashed3 Name Default Value Description 0830 (RTH) 1700 (ETH) Defines the start time of the period that the indicator will operate. Use 24 hour format for input. Note: For H.FIBS.RTH the StartTime must be earlier than EndTime For H.FIBS.ETH the StartTime must be later than EndTime Page 8 Copyright 2015

9 EndTime Name Default Value Description 1515 (RTH) 0830 (ETH) Defines the end time of the period that the indicator will operate. Use 24 hour format for input. For H.FIBS.RTH Typical session settings are: Equities, displayed in Exchange Time Zone: StartTime: 0930, EndTime: If using a 60 minute chart, then StartTime must be CME equity futures, displayed in Exchange Time Zone: StartTime: 0830, EndTime: 1515 Forex, displayed in Exchange Time Zone: StartTime: 0800, EndTime: 1700 For H.FIBS.ETH Typical session settings are: CME equity futures, displayed in Exchange Time Zone: StartTime: 1700, EndTime: 0830 While these are the typical settings for traders trading on USA exchanges, the trader may select any time range for the indicator to operate. Unique to H.FIBS.ROLLING This indicator is conceptually similar to a moving average that is updated on each candle close. The range, retrace, and extensions change based on the CandlesBack value. Name Default Value Description CandlesBack 20 Set this to define the size of the look-back period for the rolling range. The value can be any positive number up to Unique to H.FIBS.ARBITRARY This auto-fib indicator provides the greatest amount of flexibility to define the period since the trader can select any date/time to start and stop the indicator. The trader will typically use this indicator to access ranges not defined by the other auto-fib indicators. The simplest way to do this is to: 1. Select the chart interval. 2. Insert two vertical lines (from the drawing tools menu bar) onto the chart. Place the vertical lines at the beginning and end of the arbitrary range. 3. Turn on the display of the time and date of each vertical line. 4. Insert the ARBITRARY indicator, format the indicator, on the input tab use the date and time values of the vertical lines as the inputs for FirstBarDate & FirstBarEndTime and LastBarDate & LastBarEndTime. See the following table: Name Default Value Description FirstBarStartDate YYYMMDD where YYY=115=2015. i.e. January 02, 2015 = FirstBarStartTime 1200 Time in 24 hour format. Page 9 Copyright 2015

10 Name Default Value Description LastBarEndDate YYYMMDD where YYY=115=2015. i.e. January 02, 2015 = Must be after FirstBarStartDate; the indicator does no error checking to ensure this. LastBarStartTime 1600 Time in 24 hour format. Configuration: Alerts Tab The indicator(s) does not generate any alerts. Configuration: Style Tab Sets the weight of Fib 1 thru Fib 14 lines. To see the change take place immediately refresh the chart data. Configuration: Color Tab Sets the color of Fib 1 thru Fib 14 lines. To see the change take place immediately refresh the chart data. Configuration: Scaling Tab There is nothing on this tab that should be changed. Configuration: Advanced Tab There is nothing on this tab that should be changed. Chart Types Supported H.FIBS.ARBITRARY Daily, Minutes, Monthly, Weekly H.FIBS.ETH Minutes H.FIBS.MONTHLY Daily, Minutes H.FIBS.ROLLING Daily, Minutes, Monthly, Seconds, Ticks, Weekly H.FIBS.RTH Minutes H.FIBS.WEEKLY Daily, Minutes If you change the interval to an unsupported interval, the indicators will not display anything, not even an error message. Returning the chart to a supported interval restores the indicator output. Page 10 Copyright 2015

11 Support send to In addition to a clear description of the problem, configuration details of the symbol and indicator, include the version of Automatic Fibonacci Retracements indicator and your TradeStation platform. Disclaimer Success in trading is not guaranteed The developer of this indicator has made good efforts to produce a quality product, however the developer is not liable should importing and inserting this indicator impact the performance or utility of the customer's TradeStation platform The results of any and all trades that the customer takes which may have been influenced by this indicator are the customer's and the customer's alone, regardless of whether it is a profit or a loss Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading software tool that is designed to be compatible with the TradeStation Open Platform. TradeStation, EasyLanguage and the EasyLanguage Specialist logo are registered trademarks of TradeStation Technologies, Inc. Required USA Government Disclaimers: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site or during instructional sessions. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN ACTUALLY EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Page 11 Copyright 2015