to download user guide - NEXGEN Software Systems
to download user guide - NEXGEN Software Systems
to download user guide - NEXGEN Software Systems
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T-3 Fibs ProTrader Inputs and MeaningsFib_Timeframes(10) - number of timeframes analyzed (1-10 range)Fib_Au<strong>to</strong>FluSetting (22) - First number is Range <strong>to</strong> look for Confluences the higherthe number the larger the range ( 2-4 Usable ) . The Second number is how aggressively<strong>to</strong> "collapse" weaker Fibonacci areas ( 1= Smallest - 4 = Largest usable).Typically this setting should always remain " 22" or "32 " in our experienceFib_CollapseMarginTicks (0), 0 means is au<strong>to</strong>-calculated ( above input) or you canmanually set how many ticks you wish <strong>to</strong> use as a filter. 1 =smallest - 1,000 ... when youuse smaller charts Au<strong>to</strong> Settings usually work well. If you use Daily charts or largertimeframe charts depending on the market you will need that make that numberconsiderably higher. For example a s<strong>to</strong>ck that trades in a large range like Google mayneed 300 as a setting- that would mean you are collapsing fibs within a 3 dollar range or( 300 of the smallest increment the instrument trades in).Fib_NdaysBack (10), number of days back <strong>to</strong> <strong>to</strong> start fibs analysis for each - So ifyour chart has 30 days the fibs will only use data from the last 10 days if set <strong>to</strong> 10. Thisnumber may need <strong>to</strong> be in the hundreds if looking at Daily bars. Note- the first 10 days ofthe 30 day chart will use all data available until it reaches 10 days.Fib_UpdatePeriod (1440), How often in minutes your chart will update theAu<strong>to</strong>mated Fibonacci lines. 360 = every 360 minutes. If you use Daily charts you maywish for your update period <strong>to</strong> be once per week. In that case a (-) negative number isused <strong>to</strong> make the program use DAYS and not minutes. (-14) would be every two weeks.When using Negative numbers you can also specify the DAY of the week <strong>to</strong> update thefibs expressed as a 1-5 representing Monday through Friday.So if you set it <strong>to</strong> -7.5 the Fibs will recalculate after every Friday Once per week.If it is set <strong>to</strong> -14.2 the Fibs will recalculate on Tuesday every other week.Fib_LineWidth (0)- Sets Fibonacci Line thickness ( 0-5 ) usable rangeFib_TextToRightSpace (14)- Plots the value of the fib line on the right edge of yourcharts. If you set it <strong>to</strong> "0" it will turn off the text prices.Plot_OffsetTicks (2)- Controls how many ticks above or below price bars for plots suchas the ABC plots.29