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Fibonacci ORB scanner
The Fibonacci ORB scanner allows users to monitor Fibonacci Levels as defined by a user-defined time range.
The 0 Fibonacci and 1 Fibonacci will be defined by the lowest and highest price points during the defined time period.
The scanner can be set to intraday settings or any user-defined time-frame ("Delivery" settings).
A common way to use the scanner is to set it to the first 15 - 30 minutes of the day.
When prices are above the opening range set by the user, the ticker will enter the "Buy" column.
When prices are below the opening range set by the user, the ticker will enter the "Sell" column.
When prices are contained within the opening range set by the user, the ticker will enter the "Neutral" column.
The "Delivery" settings can be used to define an opening range that exceeds standard ORB levels.
One way to use the Delivery settings is to set them to first week of the month.
The scanner will then show "buy" for any ticker that is above the first week's high, and show "sell" for any stock that is below the first week's low.
The scanner is meant to be used in conjunction with my Fibonacci Matrix system, which gives users pre-defined fibonacci levels for each day, week, month, and quarter, each designed for a different type of trader.
You can DM me for access to my full suite of Fibonacci Matrix indicators.
The 0 Fibonacci and 1 Fibonacci will be defined by the lowest and highest price points during the defined time period.
The scanner can be set to intraday settings or any user-defined time-frame ("Delivery" settings).
A common way to use the scanner is to set it to the first 15 - 30 minutes of the day.
When prices are above the opening range set by the user, the ticker will enter the "Buy" column.
When prices are below the opening range set by the user, the ticker will enter the "Sell" column.
When prices are contained within the opening range set by the user, the ticker will enter the "Neutral" column.
The "Delivery" settings can be used to define an opening range that exceeds standard ORB levels.
One way to use the Delivery settings is to set them to first week of the month.
The scanner will then show "buy" for any ticker that is above the first week's high, and show "sell" for any stock that is below the first week's low.
The scanner is meant to be used in conjunction with my Fibonacci Matrix system, which gives users pre-defined fibonacci levels for each day, week, month, and quarter, each designed for a different type of trader.
You can DM me for access to my full suite of Fibonacci Matrix indicators.
Disclaimer
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