Automatic Fibonacci Trader Tools for TradeStation®
Harvey makes one Fibonacci trader tool available to traders:
- Automatic Fibonacci Retracements Combination Pack - The newest package of trader tools that automatically draw Fibonacci retracements and extensions based on the highs and lows of key trading time-frames: Regular trading hours (RTH/pit/day session), Extended trading hours (ETH/globex/over-night session), Weekly time-frame, Monthly time-frame, Trader-defined, rolling period time-frame, Trader-defined, arbitrary/ad hoc time-frame
Fibonacci Sequence
The Fibonacci sequence are the numbers in the following integer sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, …
By definition, the first two numbers in the Fibonacci sequence are 0 and 1, each subsequent number is the sum of the previous two. In mathematical terms, the sequence F(n) of Fibonacci numbers is defined by the recurrence relation: F(n) = F(n-1) + F(n-2), with seed values F(1) = 0, F(2) = 1.
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, …
By definition, the first two numbers in the Fibonacci sequence are 0 and 1, each subsequent number is the sum of the previous two. In mathematical terms, the sequence F(n) of Fibonacci numbers is defined by the recurrence relation: F(n) = F(n-1) + F(n-2), with seed values F(1) = 0, F(2) = 1.
Fibonacci Ratios
Fibonacci ratios are mathematical relationships, expressed as ratios, derived from the Fibonacci sequence. 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.7%, 112.8%, 127.2% and 161.8% are the default ratios used in these indicators, the trader may change these ratios to align with their trading plan.