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- Thread starter svencool
- Start date

so is there a way to set up a scan that can alert you when the price hits the 61.8 fib level?Created by RyanHendricks.

## thinkScript Code

Rich (BB code):`#hint Price: Price used in the alerts on crossing retracement lines. <b>(Default is Close)</b> #hint onExpansion: Determines if the retracement lines are projected past the current bar into the right side expansion <b>(Default is Yes)</b> #hint Extend_to_left: Determines if the retracement lines are extended to the left side of the chart. <b>(Default is No)</b> #hint Coefficient0: Retracement Line 0: Retracement from the highest high to the lowest low.<b>(Default is 0%)</b> #hint Coefficient_1: Retracement Line 1: Retracement from the highest high to the lowest low.<b>(Default is 23.6%)</b> #hint Coefficient_2: Retracement Line 2: Retracement from the highest high to the lowest low.<b>(Default is 38.2%)</b> #hint Coefficient_3: Retracement Line 3: Retracement from the highest high to the lowest low.<b>(Default is 50%)</b> #hint Coefficient_4: Retracement Line 4: Retracement from the highest high to the lowest low.<b>(Default is 61.8%)</b> #hint Coefficient_5: Retracement Line 5: Retracement from the highest high to the lowest low.<b>(Default is 78.6%)</b> #hint Coefficient_6: Retracement Line 6: Retracement from the highest high to the lowest low.<b>(Default is 100%)</b> #wizard input: Price #wizard text: Inputs: Price: #wizard input: onExpansion #wizard text: onExpansion: #wizard input: Extend_to_left #wizard text: Extend_to_left: #wizard input: Coefficient0 #wizard text: Coefficient0: #wizard input: Coefficient_1 #wizard text: Coefficient_1: #wizard input: Coefficient_2 #wizard text: Coefficient_2: #wizard input: Coefficient_3 #wizard text: Coefficient_3: #wizard input: Coefficient_4 #wizard text: Coefficient_4: #wizard input: Coefficient_5 #wizard text: Coefficient_5: #wizard input: Coefficient_6 #wizard text: Coefficient_6: input price = close; input high = high; input low = low; input onExpansion = Yes; input Extend_to_left = no; input Coefficient0 = 0.000; input coefficient_1 = .236; input Coefficient_2 = .382; input Coefficient_3 = .500; input Coefficient_4 = .618; Input Coefficient_5 = .786; input Coefficient_6 = 1.000; def a = HighestAll(high); def b = LowestAll(low); def barnumber = barNumber(); def c = if high == a then barnumber else double.nan; def d = if low == b then barnumber else double.nan; rec highnumber = compoundValue(1, if IsNaN(c) then highnumber[1] else c, c); def highnumberall = HighestAll(highnumber); rec lownumber = compoundValue(1, if IsNaN(d) then lownumber[1] else d, d); def lownumberall = LowestAll(lownumber); def upward = highnumberall > lownumberall; def downward = highnumberall < lownumberall; def x = AbsValue(lownumberall - highnumberall ); def slope = (a - b) / x; def slopelow = (b - a) / x; def day = getDay(); def month = getMonth(); def year = getYear(); def lastDay = getLastDay(); def lastmonth = getLastMonth(); def lastyear = getLastYear(); def isToday = if(day == lastDay and month == lastmonth and year == lastyear, 1, 0); def istodaybarnumber = HighestAll(if isToday then barnumber else double.nan); def line = b + (slope * (barnumber - lownumber)); def linelow = a + (slopelow * (barnumber - highnumber)); def currentlinelow = if barnumber <= lownumberall then linelow else double.nan; def currentline = if barnumber <= highnumberall then line else double.nan; Plot FibFan = if downward then currentlinelow else if upward then currentline else double.nan; FibFan.SetStyle(Curve.SHORT_DASH); FibFan.AssignValueColor(color.red); fibfan.hidebubble(); def range = a - b; Plot Retracement0 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient0))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient0)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient0))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient0)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient0))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient0)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient0))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient0)) else double.nan; Retracement0.assignvaluecolor(color.red); retracement0.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber +10), retracement0, concat( "$", round(retracement0, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement0, concat( (coefficient0 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement0, concat( (coefficient0 * 100), "%"), color.red, yes); Plot Retracement1 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_1))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_1)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_1))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_1)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_1))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_1)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_1))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_1)) else double.nan; Retracement1.assignvaluecolor(color.red); retracement1.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement1, concat( "$", round(retracement1, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement1, concat( (coefficient_1 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement1, concat( (coefficient_1 * 100), "%"), color.red, yes); Plot Retracement2 =if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_2))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_2)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_2))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_2)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_2))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_2)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_2))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_2)) else double.nan; Retracement2.assignvaluecolor(color.red); retracement2.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement2, concat( "$", round(retracement2, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement2, concat( (coefficient_2 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement2, concat( (coefficient_2 * 100), "%"), color.red, yes); Plot Retracement3 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_3))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_3)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_3))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_3)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_3))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_3)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_3))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_3)) else double.nan; Retracement3.assignvaluecolor(color.red); retracement3.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement3, concat( "$", round(retracement3, 2)), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement3, concat( (coefficient_3 * 100), "%"), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement3, concat( (coefficient_3 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement3, concat( (coefficient_3 * 100), "%"), color.red, yes); Plot Retracement4 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_4))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_4)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_4))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_4)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_4))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_4)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_4))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_4)) else double.nan; Retracement4.assignvaluecolor(color.red); retracement4.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement4, concat( "$", round(retracement4, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement4, concat( (coefficient_4 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement4, concat( (coefficient_4 * 100), "%"), color.red, yes); Plot Retracement5 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_5))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_5)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_5))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_5)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_5))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_5)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_5))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_5)) else double.nan; Retracement5.assignvaluecolor(color.red); retracement5.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement5, concat( "$", round(retracement5, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement5, concat( (coefficient_5 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement5, concat( (coefficient_5 * 100), "%"), color.red, yes); Plot Retracement6 = if downward and !onexpansion and !extend_to_left and barnumber >= highnumberall and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_6))) else if upward and !extend_to_left and !onexpansion and barnumber >= lownumberall and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_6)) else if downward and onexpansion and !extend_to_left and barnumber >= highnumberall then highestall((b + (range * coefficient_6))) else if upward and onexpansion and barnumber >= lownumberall and !extend_to_left then highestall(a - (range * coefficient_6)) else if downward and !onexpansion and extend_to_left and barnumber <= istodaybarnumber then highestall((b + (range * coefficient_6))) else if upward and extend_to_left and !onexpansion and barnumber <= istodaybarnumber then highestall(a - (range * coefficient_6)) else if downward and onexpansion and extend_to_left then highestall((b + (range * coefficient_6))) else if upward and onexpansion and extend_to_left then highestall(a - (range * coefficient_6)) else double.nan; Retracement6.assignvaluecolor(color.red); retracement6.hidebubble(); #AddChartBubble((barnumber == istodaybarnumber+10), retracement6, concat( "$", round(retracement6, 2)), color.red, yes); AddChartBubble((downward and barnumber == highnumberall), retracement6, concat( (coefficient_6 * 100), "%"), color.red, yes); AddChartBubble((upward and barnumber == lownumberall), retracement6, concat( (coefficient_6 * 100), "%"), color.red, yes); alert((price crosses below Retracement0) , "Price crosses below Retracement Line 0"); alert((price crosses above Retracement0) , "Price crosses above Retracement Line 0"); alert((price crosses below Retracement1) , "Price crosses below Retracement Line 1"); alert((price crosses above Retracement1) , "Price crosses above Retracement Line 1"); alert((price crosses below Retracement2) , "Price crosses below Retracement Line 2"); alert((price crosses above Retracement2) , "Price crosses above Retracement Line 2"); alert((price crosses below Retracement3) , "Price crosses below Retracement Line 3"); alert((price crosses above Retracement3) , "Price crosses above Retracement Line 3"); alert((price crosses below Retracement4) , "Price crosses below Retracement Line 4"); alert((price crosses above Retracement4) , "Price crosses above Retracement Line 4"); alert((price crosses below Retracement5) , "Price crosses below Retracement Line 5"); alert((price crosses above Retracement5) , "Price crosses above Retracement Line 5"); alert((price crosses below Retracement6) , "Price crosses below Retracement Line 6"); alert((price crosses above Retracement6) , "Price crosses above Retracement Line 6");`

## Shareable Link

https://tos.mx/Fz8Ss0

I have the swingARM scanner (https://usethinkscript.com/threads/...railing-stop-and-fibonacci-retracements.2486/)

and also the bull and bear scan (https://usethinkscript.com/threads/...op-and-fibonacci-retracements.2486/post-29434)

but want to know if there is a way to have a single scan for fib level 1 (which is 61.8) . so when the price hits that value, it can pop up the ticker in my scanning watchlist. likewise I think I can make that scanner in to bullish or bearish scanner with slight modifications or conditions.

but cant figure out how to get a trigger alert for stock on 30 mins chart or 1 hr to alert when price hits it.

I use the swing arm fib levels with trailing ATR. and want to get help in setting up a scan that can show stocks on a given time period when price hits the 61.8 fib level.....

https://ibb.co/g6SwcdP

here is a screenshot.... with possible alert areas when the price hits the yellow 61.8 fib level

To use this scan, first add this script to your study tab:

https://usethinkscript.com/threads/...p-and-fibonacci-retracements.2486/#post-23244

You want a scan of where close crosses above the SwingArm's fib1 (61.8)

https://usethinkscript.com/threads/...p-and-fibonacci-retracements.2486/#post-23244

You want a scan of where close crosses above the SwingArm's fib1 (61.8)

- In the scanner choose price and then close in the left column
- crosses above in the middle column
- choose the name of your SwingArm's study in the right column and then under plot choose fib1

Last edited:

Swing Arm Scan instructions:

https://usethinkscript.com/threads/...ibonacci-retracements.2486/page-37#post-41358

@pchandu201 Sure! Look at the post above yours

- SWINGARM MULTI TIMEFRAME LINK UPDATE

In the YouTube SWINGARM Tutorial, Jose mentions he always uses @BenTen's Daily Trend Momentum Indicator to gauge market direction. Where can I find link/code for this indicator please?

It is not clear what you are asking for.

Sounds like something you may have to post a picture of to explain what you are trying to accomplish along with a more detailed explanation.

Unsure of how to upload screenshots to the forum,Here are directions.

Where it says DAY TRADING STRATEGY, my Swing Arm Indicator says SWINGARM TRACKER. I want the DAY TRADING STRATEGY like in Jose's video:

Thanks

Manohar

The OP of the SwingArm is no longer on the forum. So it is not possible to answer your question.

His website is: https://blackflagfuturestrading.com/ I don't know if he is still offering free support for it.

His website is: https://blackflagfuturestrading.com/ I don't know if he is still offering free support for it.

Last edited:

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