Basically: F - Fibonacci levels F - fractals: retracement of retracement A - absolute: based on two fixed points instead user chosen Fibonacci points A - auto: automatically draws based on volatility Explanation: This script will automatically trace TWO Fibonacci levels from these points: - ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices This is our first...
Introduction This is a combination of Fibonacci and Gann fan/retracements. The script can automatically draw as many: Fibonacci Retracements Fibonacci Fan Gann Retracements Gann Fan as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann. Basics What are Fibonacci...
Based on the ADX Gapper strategy described in the book Street Smarts, it looks to exploit retracement to a prevailing trend when there has been a gap away from the trend, giving you multiple potential entries. It uses the ADX to determine a trend and detects when there is a gap to signal an entry day where: You would enter short if the DI-(red line) > DI+ (green...