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Fibonacci Pivots

All about Fibonacci PivotsFIBONACCI PIVOTS

NeoTrader

Last Update há 4 anos

FIBONACCI PIVOTS

This page helps users generate trend signals using the concept of Fibonacci pivots.

To navigate to this page go to Analyst Zone - Pivots View and Select Fibonacci Pivots.

Heatmap

The heat-map showcases the list of stocks that are bullish and bearish and lists them down by slotting them between various pivot levels.

To access the heat map click on the top left corner of the page.

Summary page

The heat map is the default page that opens on the Fibonacci pivots section. There is a toggle on the top right of the screen which enables

the user to navigate between the heat map and the levels page as shown using the Blue box in the below image.

The summary stats is the first part of the page which gives a list of stocks sorted by the colour based on their trendiness – green is uptrend and red is down trend.

It displays those stocks that are about to turn bullish and those stocks about to turn bearish.

Weekly and Monthly selections

Using the selection toggle given, the user can toggle between time frames - i.e weekly and monthly to judge which stocks are showing an uptrend (Green) and downtrend (red) on a higher time frame.

If you scroll down on this page you will find various sections like R4+

,R3+, S4-,R3-R4 etc. which is explained in the below section.

These are basically support- resistance levels based on the pivot and what stocks are trading between these levels.

This can be summarized as mentioned below, R stands for Resistance and S stands for Support.

Resistance levels – R1, R2, R3, R4 Support levels – S1, S2, S3, S4

R4+ compiles all the stocks that have moved above their 4th resistance levels which is R4, S4- compiles those stocks that are trading below their 4th support – the concept is similar for the other levels as well, “R3- R4”displays all those stocks that are trading between their third and fourthresistance points, similarly S3-S4 displays those stocks that are trading between their third and fourth support points and so on. The concept is similar for all sections only the levels changes.


“Change now” Feature

Clicking this button will show you the more recent changes as they happen on an intra-day basis and can make tracking the market a lot more dynamic and pointed. It will keep you close to the action as it evolves! When this toggle is on, it will not show you the full list from the start of the day but just the recent ones.

Circles on the Heatmap

There are 3 circles in each name. These show you the trends in D/W/M trends. One can use the circles to ascertain how the trends are placed across different time frames. The time frames we use are D/W/M. The higher time frame situation is shown in 3 ways. The circle is colored Green if the higher time frame shows a bullish set up for the condition, it is Black or gray if the signal is Neutral and it is Red if the higher time frame condition is bearish.

Time frame selection

This feature helps the user switch across time frames like Daily, Weekly, Monthly pivots etc.

Loading the universe:

In the same selection showed earlier you can also run our Fibonacci pivot Algos on the universe of your choice. The first step would be to select the particular predefined universe from the drop-down box as shown. One can also create watch list of preferred stocks on which the Algo could be executed before being showcased for trading / investing.

Levels

On the top left of the page you have a selection for levels (marked in Blue Box), this page shows all the levels for every stocks in our universe. The user can see the list of TWR levels for all stocks. There is a search function (Red Box) and a watch list and universe selection along with an option to pick multi time frames (Black Box) to perform analysis on the users preferred time frame.

The section mentioned in the black arrow shows the list of all stocks, along with the mentioned resistance and support levels.

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