Take Profit Screener

I'm going to introduce you to the Take Profit Screener tool.
It allows you to manually scan your watchlist to determine at a glance the assets that have the best profitability potential.
It is a 2 in 1 tool that allows you to :

• identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy
  
• identify the potential reward percentages when approaching the key Fibonacci levels
  

Before you start using it, you need to:

• sort your watchlist according to the price (Last) in order to have price ranges more or less close to each other when jumping from a symbol to another
  
• disable the Auto Scale and Magnet feature
  
• select your first symbol
  
• display the tool (the indicator more exactly)
  

The settings dialog box is organised in 3 sections:

• Strategy: By setting this section, you will answer the question " Where do my Take Profit ratios stand in relation to my entry price, and according to Risk Management Strategy adopted (SHAD or Cycle)? "
  
• Fibonacci: By setting this section, you will answer the question " What percentage gain can I expect as I approach one of the key Fibonacci levels? "
  
• Layout: This is the settings for the look and feel
  

Strategy Section

• Active: This part of the indicator won't display on your chart if unchecked
  
• Type: Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input.
  
• SHAD xNN: When choosing SHAD Strategy, you should select at least one level and more if need be.
  
• Strategy Ratio (Cycle only): When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there.
  
• Freeze Entry Price & Value: Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box.
  
• Show price: If checked, both Take Profit ratio and Price are displayed. If unchecked, then price is hidden.
  
• Extend Line: If checked, then lines showing Take Profit levels extend to the left.
  
• Label Offset: If checked, then the label that displays Take Profit ratio and price shift to the right by a value that ranges from 0 to 100 candles.
  
• Label Style: You can choose between Right or Top. This will determine the orientation of the label.
  

Fibonacci Section

• Active: This part of the indicator won't display on your chart if unchecked
  
• Type: Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input.
  
• SHAD xNN: When choosing SHAD Strategy, you should select at least one level and more if need be.
  
• Strategy Ratio (Cycle only): When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there.
  
• Freeze Entry Price: Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box.
  
• Color: You can define the color of Fibonacci line levels
  

Информация о релизе:

Hi all,

I'm going to introduce you to the Take Profit Screener tool.
It allows you to manually scan your watchlist so to determine at a glance the assets that would give you the best profitability potential.
It is a 2 in 1 tool that allows you to :

• identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy
  
• identify the potential reward percentages when approaching the key Fibonacci levels
  

Before you start using it, you need to:

• sort your watchlist according to the price (Last) in order to have price ranges more or less close to each other when jumping from a symbol to another
  
• disable the Auto Scale and Magnet feature
  
• select your first symbol
  
• display the tool (the indicator more exactly)
  

The setting is organized in 3 sections:

• Strategy: By setting this section, you will answer the question " Where do my Take Profit ratios stand in relation to my entry price, and according to Risk Management Strategy adopted (SHAD or Cycle)? "
  
• Fibonacci: By setting this section, you will answer the question " What percentage gain can I expect as I approach one of the key Fibonacci levels? "
  

Strategy Section

• Active: This part of the indicator won't display on your chart if unchecked
  
• Type: Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input.
  
• SHAD xNN: When choosing SHAD Strategy, you should select at least one level and more if need be.
  
• Strategy Ratio (Cycle only): When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there.
  
• Freeze Entry Price & Value: Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box.
  
• Show price: If checked, both Take Profit ratio and Price are displayed. If unchecked, then price is hidden.
  
• Extend Line: If checked, then lines showing Take Profit levels extend to the left.
  
• Label Offset: If checked, then the label that displays Take Profit ratio and price shift to the right by a value that ranges from 0 to 100 candles.
  
• Label Style: You can choose between Right or Top. This will determine the orientation of the label.
  

Fibonacci Section

• Active: This part of the indicator won't display on your chart if unchecked
  
• Reverse: If checked, that will reverse your Fibonacci tool.
  
• Higher Pivot Point: This represents the higher level of the Fibonacci and could be the certain case the ATH. You can either specify its value from the dialog box or perform the same action in a more interactive manner by moving one of the gray horizontal line on the chart (Line with ratio 1.0)
  
• Lower Pivot Point: This represents the lower level of the Fibonacci and could be the certain the bottom of the asset price for example. You can either specify its value from the dialog box or perform the same action in a more interactive manner by moving one of the gray horizontal line on the chart (Line with ratio 0.0)
  
• Profitability Threshold: The value that tou enter here represent the minimum ratio reward you are expecting this asset will give you back. For example, if you set it to 5, you expect that the asset Entry price will be multiplied by 5 at minimum before it reaches the Fibonacci level 100% (1.0)
  
• Color: You can define the color of Fibonacci line levels
  

Информация о релизе:

Hi there,

Here are 2 enhancements I'm releasing :

• The Freeze Entry Price input has been moved to a separate section (Other), as it apply to both Strategy and Fibonacci sections
  
• Some of you maybe more familiar to using percentage instead of an absolute value (multiplier) ; now you can choose either you want to display x2, x4 or 100%, 300% etc...
  

Информация о релизе:

I've just updated the Chart.

Информация о релизе:

This is a Tutorial I'm providing to the community regarding some update to the Take Profit Screener tool.
Here are the features I'm releasing :

• Fibonacci tool now can be drawn on your chart just by placing the higher point on your chart
  
• The indicator will automatically detect the W Structures ( Double Bottom ) on your chart, or manually if you select the lookback period
  

Here is the tutorial

18:42

Информация о релизе:

Just updating the chart

18:42

Информация о релизе:

With this new version, the Fibonacci borders are calculated and placed automatically on your charts.
No need to place the top border manually any more.
You still have the possibility to move it manually if you consider that the indicator has not identified the right ATH (Pivot point)

Enjoy !

Информация о релизе:

I'va added Fibo level 0.886