StockFetcher Forums · General Discussion · Seeking shares in a long position.<< >>Post Follow-up
carlosevangelista
8 posts
msg #154806
Ignore carlosevangelista
12/3/2020 4:19:33 PM

Guys, how are you?

I just got here and I already need some help.
As I am a new investor and stocks and options in the market and I have little money and little time during the day to follow the market, I would like to check the following:
1- Can I create a query based on Fibonacci techniques and search for those stocks that are between the 0.50% and 61.8% percentages that are in an up or downtrend?

2- If possible, the query returns the limit prices:
In the case of an upward trend what is the price that the stock can reach;
In the case of a downward trend, what is the price that can arrive before the reversal to the upward trend?

Goals with the consultation:
1 - Make operations on weekly stock options that have entered the Fibonacci buying zone. Whether for a price hike or a price drop.

I am grateful for any help, or any other strategy that I can achieve my goals above.

Thanks very much...


Mactheriverrat
3,157 posts
msg #154814
Ignore Mactheriverrat
12/3/2020 10:02:07 PM

Type Fibonacci
in the search area


xarlor
587 posts
msg #154829
Ignore xarlor
12/4/2020 8:45:14 PM

Here's a first draft of the uptrend side to get you started.

Fetcher[
optionable

/* Set the Fib values at 23.6%, 38.2%, 50%, 61.8%, and 78.6% */

set{Hi,high 30 day high}
set{Lo,low 30 day low}
set{Vdiff,Hi - Lo}
set{x1,Vdiff * .236}
set{x2,Vdiff * .382}
set{x3,Vdiff * .50}
set{x4,Vdiff * .618}
set{x5,Vdiff * .786}
set{Fib236, Hi - x1}
set{Fib382, Hi - x2}
set{Fib50, Hi - x3}
set{Fib618, Hi - x4}
set{Fib786, Hi - x5}

/* Price between 50% and 61.8%, crossed into the zone from below */

close < fib50
close crossed above fib618

/* Uptrend */

set{uptrend,count(close > wma(150),100)}
uptrend > 90
close > wma(150)

add column fib50
add column fib382
add column fib236
add column hi

draw price line at hi
draw price line at Fib50
draw price line at Fib618
draw price line at lo

do not draw fib50
do not draw fib618
do not draw uptrend
do not draw wma(150)
]



Mactheriverrat
3,157 posts
msg #154830
Ignore Mactheriverrat
modified
12/4/2020 9:19:21 PM

That's some Great code xarlor.

Can you make a Symlist with that basic Fibonacci code.
Say using CDEV , GLOG that was a resistance Breakout out today.

xarlor
587 posts
msg #154834
Ignore xarlor
12/5/2020 10:45:17 AM

Yeah man, something like this?

Fetcher[
symlist(cdev,glog)

/* Set the Fib values at 23.6%, 38.2%, 50%, 61.8%, and 78.6% */

set{Hi,high 30 day high 1 day ago}
set{Lo,low 30 day low 1 day ago}
set{Vdiff,Hi - Lo}
set{x1,Vdiff * .236}
set{x2,Vdiff * .382}
set{x3,Vdiff * .50}
set{x4,Vdiff * .618}
set{x5,Vdiff * .786}
set{Fib236, Hi - x1}
set{Fib382, Hi - x2}
set{Fib50, Hi - x3}
set{Fib618, Hi - x4}
set{Fib786, Hi - x5}

add column separator
add column lo
add column separator
add column fib786
add column fib618
add column fib50
add column fib382
add column fib236
add column separator
add column hi

draw price line at hi
draw price line at fib236
draw price line at fib382
draw price line at Fib50
draw price line at Fib618
draw price line at Fib786
draw price line at lo
]



Mactheriverrat
3,157 posts
msg #154835
Ignore Mactheriverrat
modified
12/5/2020 12:05:23 PM

Thanks Xarlor

I just wanted to see how Fibonacci techniques worked and looked on two of the resistance breakouts I have CDEV and GLOG . CSU and DNN are two more resistance breakouts I have.

I have never been much into Fibonacci techniques other when a I get a spam call on my cell phone.

When I get a spam call on my cell phone or home phone . I answer with a With a Fake Italian Accent. I say " Why you call a Fibonacci, Fibonacci this , a Fibonacci that, Why you call a Fibonacci" . The spam callers are like who in the hell am I'm talking to.

carlosevangelista
8 posts
msg #154839
Ignore carlosevangelista
12/6/2020 9:37:09 AM

Thanks, Xarlor

Now, I'm going to analyze the candles in the results to define which entree.
This result shows which are UPs.
Do you have conditions to do which DOWN?
This is a bigger vantage of the trader in options.



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