FibonacciLucasTimeSeries

Function Name: FibonacciLucasTimeSeries

Tags: None

Category: Cycles

Fibonacci time targets are found by counting forward from significant tops and bottoms. On a daily chart, the analyst counts forward the number of trading days from an important turning point with the expectation that future tops or bottoms will occur on Fibonacci days - that is, on the 13th, 21st, 34th, 55th, or 89th trading day in the future. The same technique can be used on weekly, monthly, or even yearly charts. Lucas series is based on the same formula except it uses different seed values (2 and 1): 3, 4, 7, 11, 18, 29, 47, ...

 

Parameters:

StartYear, StartMonth, StartDay, StartHour, StartMinute: Start point for counting the Fibonacci and Lucas series, expressed in GMT.

ShowFibonacci, ShowLucas, ShowNumbers: Flags that control whether the lines of the series and corresponding numbers should be displayed.

 

Source: Stocks & Commodities, August 2011: "Automated Techniques For Intraday Traders"

 

StartYear
	Default Value: 2011  |  Minimum: 0  |  Maximum: 9999
	Type: Numeric
StartMonth
	Default Value: 10  |  Minimum: 1  |  Maximum: 12
	Type: Numeric
StartDay
	Default Value: 5  |  Minimum: 1  |  Maximum: 31
	Type: Numeric
StartHour
	Default Value: 15  |  Minimum: 0  |  Maximum: 23
	Type: Numeric
StartMinute
	Default Value: 5  |  Minimum: 0  |  Maximum: 59
	Type: Numeric
ShowFibonacci
	Default Value: -1
	Type: Boolean
ShowLucas
	Default Value: -1
	Type: Boolean
ShowNumbers
	Default Value: 0
	Type: Boolean