Fib Retracement Up

[DarrenH-Optuma (Darren Hawkins)]

Hi David,

Here’s an example of swing retracement scan that can be adapted to use Volatility Swings:

Swing Retracement Scan

The following script will search for 50% retracements (+/- 2%) up from the previous downswing, often seen as an important resistance level. The swings have been based on daily 3 bar Gann Swings, but all the settings (eg retracement levels, tolerance, swing parameters) can be adjusted as needed. The timeframe can be set in the Scanning Manager window. //Set Swing properties and get swing start/end values GS1 = GANNSWING(SWINGCOUNT=3,METHOD=USE NEXT BAR); SS1 = SWINGSTART(GS1); SE1 = SWINGEND(GS1…