Automatic Fibonacci Retracements Combination Pack Table of Contents

Transcription

1 Automatic Fibonacci Retracements Combination Pack Table of Contents Overview...1 New In Version Fibonacci Sequence...2 Fibonacci Ratios...2 Getting Started...3 H.FIBS Indicator Output...4 H.FIBS Configuration...5 Configuration: General Tab...5 Configuration: Inputs Tab...5 Configuration: Alerts Tab...8 Configuration: Style Tab...9 Configuration: Color Tab...9 Configuration: Scaling Tab...9 Configuration: Advanced Tab...9 Chart Intervals Supported...9 H.FIBS.Table Indicator Output...10 H.FIBS.Table Configuration...10 Configuration: General Tab...10 Configuration: Inputs Tab...11 Configuration: Alerts Tab...14 Configuration: Style Tab...14 Configuration: Color Tab...14 Configuration: Scaling Tab...14 Configuration: Advanced Tab...14 Support...15 Page 1 Copyright 2018

2 Disclaimer...15 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, the indicators eliminate 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. Retracements can be drawn in chart windows or displayed in a RadarScreen. The indicator package includes THREE automatic Fibonacci indicators: H.FIBS draws Fibonacci retracements in chart windows. Extends the functionality found in the H.FIBS.ARBITRARY, H.FIBS.RTH, H.FIBS.ETH, H.FIBS.MONTHLY, and H.FIBS.WEEKLY indicators packaged as a single indicator Documentation for these legacy indicators are not in this document. You can find them on the product page of my website H.FIBS.Table displays Fibonacci retracements in RadarScreen windows. H.FIBS.Rolling displays Fibonacci retracements in chart windows based on a rolling bar period. New In Version 6 Addition of S session input in H.FIBS Addition of H.FIBS.Table for RadarScreen support. Fibonacci Sequence The Fibonacci sequence are the numbers in the following integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, By definition, the first two numbers in the Fibonacci sequence are 0 and 1, 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 Page 2 Copyright 2018

3 F n = F n-1 + F n-2, with seed values 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 the H.FIBS indicator, the trader may change these ratios to align with their trading plan. Getting Started TradeStation will install the indicator as part of the Automatic Fibonacci Combination Package. The indicator package also includes a sample workspace. The installation should occur during the first platform login after you purchase the Free Trial or monthly subscription. Page 3 Copyright 2018

4 H.FIBS Indicator Output This picture represents the default output of the H.FIBS indicator. The moment the candle closes, the indicator determines the high and low of the specific session (RTH, ETH, 24hr, Weekly, Monthly, Arbitrary) 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. Page 4 Copyright 2018

5 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. H.FIBS Configuration When you format the indicator(s) there are several tabs of interest. 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 Name Default Value Description Session RTH Defines the Session to generate retracements. Valid choices are: RTH - regular trading hours (pit/day session) ETH - extended trading hours (globex/over-night session) hour session (starts/stops at the same time) W - Weekly session (starts on the first trading day of the week) M - Monthly session (starts on the first trading day of the month) Y - Yearly session (starts on the first trading day of the year) ARB - Arbitrary session (starts/end on any day/time) S - Resets at the beginning of every session Start_Time 930 Defines the start time of the period that the indicator will operate. Use 24 hour format for input. Note: If Session = RTH then Start_Time must be earlier than End_Time If Session = ETH then Start_Time must be later than End_Time If Session = 24 then Start_Time is the only input time used to define the session boundaries If Session = W or M then Start_Time is Page 5 Copyright 2018

6 Name Default Value Description required if the chart interval is smaller than Daily, ignored otherwise If Session = Y or S this value is ignored If Session = ARB this value is required if the chart interval is smaller than daily End_Time 1600 Defines the end time of the period that the indicator will operate. Use 24 hour format for input. Note: If Session = RTH then Start_Time must be earlier than End_Time If Session = ETH then Start_Time must be later than End_Time If Session = 24 then this value is ignored If Session = W or M then End_Time is required if the chart interval is smaller than Daily If Session = Y or S this value is ignored If Session = ARB this value is required if the chart interval is smaller than daily arb_start_date Only used if Session = ARB, Format is YYYYMMDD Specifies the start day of the arbitrary session arb_end_date Only used if Session = ARB Specifies the end day of the arbitrary session Show_Labels TRUE When True, the label for each displayed Fibonacci retrace line is displayed. This input works the same as the Show Labels check box of the integrated Fibonacci Price Retracement Lines drawing tool. Show_Value TRUE If ShowLabels is true then when Show_Value 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. Show_Price TRUE If ShowLabels is true then when Show_Price 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 Page 6 Copyright 2018

7 Name Default Value Description displayed to the left of the 0% candle. If True and 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. Labels_Font Arial The font used to draw the labels text. Use any font that is displayed in the platform's text drawing tool Labels_Font_Size 10 Size of the label font Labels_Font_Bold FALSE Whether to display the font in italic (true) or not (false) Labels_Font_Italic Whether to display the font in bold (true) or not (false) Fibxx_Percent various xx ranges from 1 through 14. The value represents the percentage retracement between the 0 and 100% line where the percentage is conveyed as a decimal value: 0.5 means 50%,.382 means 38.2%, etc. Fib0_Percent must be 0 Fib1_Percent must be 1 Fib2_Percent through Fib14_Percent can be any value, if 0 the line is not drawn Fibxx_Color various Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, Page 7 Copyright 2018

8 Name Default Value Description DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Fibxx_LStyle various The line style for the specific retracement. Use the values: Tool_Solid, Tool_Dashed, ToolDotted, Tool_Dashed2, Tool_Dashed3 or numbers 1 through 5 Fibxx_LWeight Various The line weight for the specific retracement. Valid values are 1 (narrowest) through 6 (widest) Fibxx_Transparency Various The transparency of the retracement line. 1 represents solid, 100 invisible. For Session = RTH Typical session settings are: Equities, displayed in Exchange Time Zone: Start_Time: 0930, End_Time: If using a 60 minute chart, then Start_Time must be CME equity futures, displayed in Exchange Time Zone: Start_Time: 0830, End_Time: 1515 Forex, displayed in Exchange Time Zone: StartTime: 0800, EndTime: 1700 For Session = 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. For Session = ARB : This session 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 sessions. The simplest way to do determine start/stop inputs is to: 1. Insert two vertical lines (from the drawing tools menu bar) onto the chart analysis window. Place the vertical lines at the beginning and end of the arbitrary range. 2. Turn on the display of the time and date of each vertical line. 3. Insert the auto-fib indicator, set the session to ARB then set Start_Time and arb_start_date as displayed by the first vertical line label and set End_Time and arb_end_date as displayed by the second vertical line label. Configuration: Alerts Tab The indicator does not generate any alerts. Page 8 Copyright 2018

9 Configuration: Style Tab All configuration is performed through the Inputs tab. Configuration: Color Tab All configuration is performed through the Inputs tab. 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 Intervals Supported Session RTH ETH Chart Intervals Minutes, Ticks, Point & Figure, Kagi, KASE, Line Break, Momentum, Range, Renko, Second Minutes, Ticks, Point & Figure, Kagi, KASE, Line Break, Momentum, Range, Renko, Second 24 Minutes, Ticks, Point & Figure, Kagi, KASE, Line Break, Momentum, Range, Renko, Second W M Y ARB S Daily, Minutes Daily, Minutes Daily, Weekly, Monthly Minute, Daily, Weekly, Monthly Minutes, Ticks, Point & Figure, Kagi, KASE, Line Break, Momentum, Range, Renko, Second Page 9 Copyright 2018

10 H.FIBS.Table Indicator Output This picture represents the default output of the H.FIBS.Table indicator. 0% column represents the most recent swing, 100% column represents the oldest swing. The columns between show the price of that retracement. Green cells show where current price resides in the context of the Fibonacci reversal ratios and suggests that a fade trade would be LONG. Red cells show where current price resides in the context of the Fibonacci reversal ratios and suggests that a fade trade would be SHORT. H.FIBS.Table Configuration When you format the indicator there are several tabs of interest. Configuration: General Tab Update value intra-bar is supported. H.FIBS.Table works only in a RadarScreen be sure the following is set: 1. Check Load additional data for accumulative calculations 2. Update value intra-bar (tick-by-tick) is supported. 3. Enter a value for Additional bars to load to be GREATER than the number of bars in the session: An equity that trades on NYSE or NASDAQ during regular trading hours trades for 6.5 hours or 390 minutes, therefore use 390 or larger when the RadarScreen Page 10 Copyright 2018

11 interval is 1 minute bar. An index future that trades on the CME, during regular trading hours, trades for 6.75 hours or 405 minutes, therefore use 405 or larger when the RadarScreen interval is 1 minute bar, 81 or larger when the RadarScreen interval is 5 minute bar, etc. An index future that trades on the CME, during a continuous trading session, trades for 23 hours or 1380 minutes, therefore use 1380 or larger when the RadarScreen interval is 1 minute bar. When in doubt, use a number somewhat larger than you might require; there are 1440 minutes in a 24 hour day when the RadarScreen interval is 1 minute bar. Configuration: Inputs Tab Name Default Value Description Session RTH Defines the Session to generate retracements. Valid choices are: RTH - regular trading hours (pit/day session) ETH - extended trading hours (globex/over-night session) hour session (starts/stops at the same time) S - Resets at the beginning of every session M - Resets at the beginning of every month W - Resets at the beginning of every week Y - Resets at the beginning of every year Start_Time 930 Defines the start time of the period that the indicator will operate. Use 24 hour format for input. Note: If Session = RTH then Start_Time must be earlier than End_Time If Session = ETH then Start_Time must be later than End_Time If Session = 24 then Start_Time is the only input time used to define the session boundaries If Session = S, M, W, Y this value is ignored End_Time 1600 Defines the end time of the period that the indicator will operate. Use 24 hour format for input. Note: Page 11 Copyright 2018

12 Name Default Value Description If Session = RTH then Start_Time must be earlier than End_Time If Session = ETH then Start_Time must be later than End_Time If Session = 24 then this value is ignored If Session = S, M, W, Y this value is ignored Color_FG WHITE Foreground color for the RadarScreen value. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Color_BG BLACK Background color for the RadarScreen value. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Color_UP_FG BLACK Foreground color for the RadarScreen value when the current price is between two reversal ratios and is displayed when the potential fade trade is a LONG. In other words, when the 0% price is GREATER than the 100% price. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Color_UP_BG GREEN Background color for the RadarScreen value Page 12 Copyright 2018

13 Name Default Value Description when the current price is between two reversal ratios and is displayed when the potential fade trade is a LONG. In other words, when the 0% price is GREATER than the 100% price. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Color_DN_FG BLACK Foreground color for the RadarScreen value when the current price is between two reversal ratios and is displayed when the potential fade trade is a SHORT. In other words, when the 0% price is LOWER than the 100% price. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Color_DN_BG RED Background color for the RadarScreen value when the current price is between two reversal ratios and is displayed when the potential fade trade is a SHORT. In other words, when the 0% price is LOWER than the 100% price. Any color from the list: Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray If other colors are desired then use RGB(r,g,b) where r is the red component, g is the green component, and b is the blue component of the color and each can range from 0 to 255 Page 13 Copyright 2018

14 Configuration: Alerts Tab The indicator does not generate any alerts. Configuration: Style Tab Category selection box allows the trader chose the format of the numbers displayed. The Retracement% column should be set to Percentage. Configuration: Color Tab All configuration is performed through the Inputs tab. 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. Page 14 Copyright 2018

15 Support send to In addition to a clear description of the problem, configuration details of the symbol and indicator, include the version of 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 15 Copyright 2018