Create a UniSearch parameter for Fibonacci retracement, allowing the user to select minimum and maximum percentages to search the database
A parameter in UniSearch that allows a user to play with the percentages to set various retracement levels would be an awesome search tool. Imagine bringing up a group of stocks at the 50% Fib retracement after a market pullback. This would be powerful and add value to the VectorVest product.
Subhash Madlani commented
It will be very useful and enhances searches
James Crowell commented
A picky point, but 50% is not a Fib level (though retracement tools often enter that level). Next point, not so picky, is how to determine which low and high are to be used for this search. Periodicity is important as well (can it be used intraday, Daily, Weekly?). Other than those two comments, I think it's a good idea as well.
Bruce Maddox commented
This would be a great indicator for unisearch
Kenneth Yake commented
Thanks Lynn, this is exactly what I'm looking for also.
Phil Sartin commented
Lynn, this would be an amazing addition to the VV platform. Great idea!