As usual I’ve been at work updating the scripts from time to time with new feature ideas, and one client recently mentioned that there weren’t any recent posts on the website, so I thought I’d better start being more diligent about letting people know when I release updates. I’ll try to do that going forward.
The latest update I wanted to mention is that I’ve added some unique capabilities to the AutoFibs ZigZag functionality that lets you draw the levels based on any of the 3 most recent swings (zigzags), but then also plot or project the levels from any of the 3 most recent swings that you want as well.
This is interesting for finding points of symmetry and price targets for take profit orders.
So you could, for instance, base the levels on the range of 3 swings ago, and then project forward from the current swing high, as in this example:
Here are the new settings to control the behavior:
The functionality is similar to the built in 3-points Fibs Extensions tool that comes with TOS, only the indicator makes the process automatic for you.
Existing clients – please go to My Account / Orders and click the VIEW button to pull up your order details and download the latest version there. This is where you can get access to all future updates for free as usual.
Just a quick note to let you know the AutoFibs has been updated a bit to include the ability to switch between having 100% at the high or 100% at the low, and a couple of updates that allow the “rolling periods” mode to use either a higher timeframe or the chart’s own timeframe. See the AutoFibs here and prior customers can access the update from the My Account / Orders area of the site by clicking the green “View” button next to their order to bring up the latest links.
This is a beta release as of right now, so let me know if you spot any bugs. Thanks! -Josiah
Josiah is an oil trader, ThinkScript programmer, real estate investor, and budding mountaineer. He's also rumored to be an in-shower opera singer. Josiah started Easycators in 2014 and lives with his family near Nashville, TN. Twitter | YouTube
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