Registered User
Joined: 1/19/2005
Posts: 6
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Greetings,
What are the steps to define the following functions provided by The Worden
Report (Tuesday, September 14, 2004)?
Fibonacci UP (to test for a continuation of an UP-TREND)
(((STOC13.3 <= 20)) AND ((STOC13.3.1 < STOC13.3)) AND (C <= ( (MAXH15 -
MINL30) * .618 + MINL30) AND C >= ((MAXH15 - MINL30) * .382 + MINL30) AND
MAXH15 = MAXH30 AND MINL15 > MINL30)) * ((C - MINL30) / ( MINL30 - MAXH15))
Fibonacci DOWN (to test for a continuation of a DOWN-TREND)
((STOC13.3 >= 80) AND (C <= ( (MAXH30 - MINL15) * .618 + MINL15) AND C >=
((MAXH30 - MINL15) * .382 + MINL15) AND MAXH15 < MAXH30 AND MINL15 =
MINL30)) * ((C - MINL15) / ( MAXH30-MINL15))
Thank you for your help in advance...
Be happy, peaceful, and liberated.
-Cindy
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Here is a quote from Sir Ranter taken from the September 14, 2004 Worden report. It explains how these formulas can be used to find Fibonacci retracements.
"The formulae can be pasted directly into 2 PCF's, and can also be pasted directly onto the chart as 2 Custom Indicators. In either case, the retracement value of the current Close is presented as a percentage/100 (for example, if the value is 0.52, then this represents 52% retracement). Only those values between .382 and .618 are triggered."
If you're not familiar with setting up Custom Indicators or PCF's, try watching these videos:
How to create a Personal Criteria Forumula (PCF)
Adding, removing and saving indicators to a chart template
- Doug
Teaching Online!
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