Fibonacci Stencil Package
Wave Projections
Forecasts possible resistance by duplicating ratioed distances from the last completed wave beyond itself. Distances can append
to the end of the wave or the end of the wave's retracement. Continuously plots your pre-defined ratios with each new pivot set
that complies with the wave size and the retracement window you set. This stencil also includes some comparitive filters available
on a per ratio basis such as requiring a continuation or reversal wave to have a greater swing size than last. Always plots in the
direction of the wave regardless of trend.
Corrective Projections
Forecasts possible resistance by appending to the end of the wave, ratioed distances of the wave's corrective segment rather than
of the wave itself. This stencil is mechanically similar to Wave Projections in that it plots all qualifying wave sets sequentially
and continuously in the direction of the qualifying wave regardless of trend direction.
Seed Projections
Forecasts possible resistance by repeatedly forwarding the same ratioed distances obtained from the initial wave of the trend to each
future wave within the trend. Initial waves (Seed Waves) are determined whenever a right side shoulder from a head and shoulder pattern
(Inverse included) falls within your size and retracement specs. Double tops and bottoms are also included if you allow 100% retracements.
You can choose wheather seed distances append to the end of the wave or the end of the wave's correction and which of up to three tiers
ahead should be plotted.
Retracements
Maintains a ladder of real-time support levels in both trend and counter-trend directions on the right margin of the chart. Dynamically
re-adjusts all distance lines when expanding and immediately locks them in place when retracing. This stencil can be configured to
anchor to session open and expand with session range only, or dynamically migrate with trend across sessions. Although, it is not
designed to follow retracements at the swing level, you could configure it to do so.
