GoTiT|Simple Auto Fib v1.0

31 thg 12, 2018

Simple Auto Fib!

Notes:

1. Always set the trend manually! Don't rely on the auto trend detection.

2. The first parameter Length sets the number of candles back (left) to search for highs and lows from the current candle.

3. The High Offset parameter sets the number of candles back (left) to ignore/skip before searching for highs.
4. The Low Offset parameter sets the number of candles back (left) to ignore/skip before searching for lows.

5. The offset parameters change the behavior of the Length parameter.

Example 1:

Length = 100
High Offset = 0
Low Offset = 0

This is the default behavior, and the search for highs and lows occurs on the last 100 candles.

Example 2:

Length = 50
High Offset = 20 (Ignore the last 20 candles, and search for highs starting at candle 21 to 71 (or 50 candles back)
Low Offset = 15 (Ignore the last 15 candles, and search for lows starting at candle 16 to 66 (or 50 candles back)

In example 2, search starts on candle 21 for highs, and candle 16 for lows and extends 50 candles further back from there.

6. The Trend Detection parameter sets the number of candles back (left) to use in the trend calculations. Larger values give better "marco trend" detection. Smaller values give better "micro trend" detection. See note #1.

7. The white fib line is fib0. Assuming you correctly set the trend manually (or the trend is auto detected correctly), in a downtrend fib0 should be bellow the red fib line, and in an uptrend fib0 should be above the red fib line.

31 thg 12, 2018

Phát hành các Ghi chú

Simple Auto Fib!

Notes:

1. Always set the trend manually! Don't rely on the auto trend detection.

2. The first parameter Length sets the number of candles back (left) to search for highs and lows from the current candle.

3. The High Offset parameter sets the number of candles back (left) to ignore/skip before searching for highs.
4. The Low Offset parameter sets the number of candles back (left) to ignore/skip before searching for lows.

5. The offset parameters change the behavior of the Length parameter.

Example 1:

Length = 100
High Offset = 0
Low Offset = 0

This is the default behavior, and the search for highs and lows occurs on the last 100 candles.

Example 2:

Length = 50
High Offset = 20 (Ignore the last 20 candles, and search for highs starting at candle 21 to 71 (or 50 candles back)
Low Offset = 15 (Ignore the last 15 candles, and search for lows starting at candle 16 to 66 (or 50 candles back)

In example 2, search starts on candle 21 for highs, and candle 16 for lows and extends 50 candles further back from there.

6. The Trend Detection parameter sets the number of candles back (left) to use in the trend calculations. Larger values give better "marco trend" detection. Smaller values give better "micro trend" detection. See note #1.

7. The white fib line is fib0. Assuming you correctly set the trend manually (or the trend is auto detected correctly), in a downtrend fib0 should be bellow the red fib line, and in an uptrend fib0 should be above the red fib line.