Fib Extensions

Optuma Forums Optuma Feature Requests Fib Extensions

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  • #56961
    David
    • Topics: 2
    • Replies: 1
    • Posts: 3

    With the current Gann swing overlay, it currently displays price retracements %’s

     

    Is it possible as per image to provide a calculation for price extension %’s, as with intraday trading they are crucial for potential turning points.

    When the retracement % is over 100% it is now an extension and the calculation should change and be reflected in the Gann Swing Overlay.

     

    Please see image attached for example

     

     

     

     

    #56985
    Mathew
    • Topics: 40
    • Replies: 2,010
    • Posts: 2,050

    Hi David,

    A price extension would be a simple thing for us to add to the tool. We’ll add that to Optuma 1.6 which will be out towards the middle of the year.

    All the best

    Mathew

    #57021
    David
    • Topics: 2
    • Replies: 1
    • Posts: 3

    Hi Matthew

     

    That is great news

     

    Just confirming that we will be able to have a retracement % and extension % on every swing

     

    Thanks Matthew

     

     

    David

     

     

    #57875
    George
    • Topics: 0
    • Replies: 2
    • Posts: 2

    MV,

    Further to this….. could we search/scan/calculate when an AB-CD move is say 100%(+/-x%) AND is within x% of say, a 50% retracement of a larger or one timeframe higher move?
    George

    #57877
    Mathew
    • Topics: 40
    • Replies: 2,010
    • Posts: 2,050

    Hi George,

    You can already do that wirh scripting – a quick search of this forum found this post

    Swing Retracement Scan

    All the best

    Mathew

    #57941
    George
    • Topics: 0
    • Replies: 2
    • Posts: 2

    Thanks Mathew, yes that script will give me a 50% or 60% etc retracement, but it won’t tell me if we have accomplished the retracement as an ABC measured move(approx), which was what I was after

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