Fibonacci 61.8% retracement

Category: Screeners By: Nicolas Created: January 18, 2016, 3:47 PM
January 18, 2016, 3:47 PM
Screeners
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This is a stock screener that catch candlestick close which are within 1% of the last 65 days 61.8% retracement (38.2% for a up trend) of Fibonacci levels.

While price usually bounce on Fibonacci levels, this one can reveal good entry point for trend continuation.

hh = highest[65](high)
ll = lowest[65](low)

fib618 = (hh-ll)*0.618

level618 = ll+fib618

nearpercent =  ABS(1-(close/level618))*100

SCREENER[nearpercent<1]

 

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Filename: Fibonacci-61.8-retracement.itf
Downloads: 1064
Nicolas Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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