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Shared Scans
TD Fib Range - Call Buy
Name
TD Fib Range - Call Buy
Submitted
by
Chad Payne
Periodicity
Daily
OP: Open
CL: Close
HI: High
LO: Low
Explanation
This scan is based on the TD Fib Range indicator described in Thomas DeMark's book DeMark
on Daytrading Options. The signal below searches for call option entry
opportunities by examining the data of the underlying instruments. It should be run
on a quotepage of underlying instruments for options you've selected. It should also
be run on a period of daily shortly after the open. It only requires the opening
price of the current day, along with some historical data for the previous 5 days, so once
the opening prices are established for you underlying symbols, you are ready to run the
scan. And it only needs to be run once a day in search of call buying
opportunities
at the open. If a symbol meets the scan criteria, it is recommended that you examine
in-the-money call options near expiration for buying opportunities. Use TD%F or TD Dollar-Weighted Put-Call on the options to
confirm buying opportunities.
Signal
(OP >= CL1) AND (HI1 > (CL2 + 1.618*(HI2-LO2))) AND
(HI1 > HI4) AND (HI1 > HI5) AND (CL1 > CL2) AND (CL1 > CL3) AND (CL1 > CL4)
AND (CL1 > CL5)
No parameters needed for this scan.
To import the scan into Investor/RT, simply copy the italicized text below into a text file, save the text file, and then from the Investor/RT menu, choose FILE:OPEN:FILE and then select your saved text file. Ensure that your parameters and periodicities match those above.
BEGIN
INVESTOR/RT SCAN DEFINITION
COMMENT=TD Fib Range from linnsoft.com
SOURCE=Chad Payne
DATE=07/20/99
VERSION=3.7
DATAFEED=myTrack
NAME=TD_Fib_Range_Call_Buy
QP=optionUnderlyings
PERIODICITY=0
ELEM=OP:Open
ELEM=CL:Close
ELEM=HI:High
ELEM=LO:Low
SCAN=(OP >= CL1) AND (HI1 > (CL2 + 1.618*(HI2-LO2))) AND (HI1 > HI4) AND (HI1
> HI5) AND (CL1 > CL2) AND (CL1 > CL3) AND (CL1 > CL4) AND (CL1 > CL5)
ALERT=NO
SOUND=NO
FREQUENCY=0
-
- Comments
-
END INVESTOR/RT SCAN DEFINITION