Fibonacci Market Scanner

Release 1.0

Instruction Manual

Setup

To Load the Fibonacci Market Scanner on Your Computer,

· If you have previously installed The Fibonacci Market Scanner, you must uninstall the old version before installing the new one. To do this, go to the control panel and click on the add/remove programs icon. Scroll down through the list of installed programs and find “The Fibonacci Market Scanner”. If it is there, highlight it and click on the “add/remove” programs button. If you are prompted, asking if you are sure you want to remove shared components, answer “no” to each or “no to all”. Leaving a few shared files and the old Fibonacci Market Scanner directory is OK. They will be reused and brought up to date during the new install.

· Make sure that no programs are currently running on your computer.

· If you have downloaded the Fibonacci Market Scanner program from the Web, it will usually begin the installation automatically. If the installation does not start automatically double click on the downloaded Fibonacci Market Scanner installation file.

· If you have an original Fibonacci Market Scanner CD run the “setup” program on the Fibonacci Market Scanner CD.

· If you are unsure how to run the setup program on the CD, do the following: Insert the Fibonacci Market Scanner software distribution CD. The setup program on the CD may automatically start when you close the CD drive. If it does not, click on the “Start” button at the lower left of your screen. Then select “Run”. A pop up window will appear that will allow you to find the programs on your CD drive. Click the “Browse” button. Your CD drive will most likely be drive D:\ or E:\. Select it and then find the program named “setup”. Select this program and click on OK. Click OK again to run the program.

· Follow the instructions in the setup program. It will guide you through setting up the Fibonacci Market Scanner program.

· After the installation is complete, you will probably want to place an icon on your desktop to make running the program very simple. To do this, simply go to the programs menu and find The Fibonacci Market Scanner. Click on the Fibonacci Market Scanner with your right mouse button and select “copy”. Then, using the mouse, place your pointer anywhere on your desktop of icons and push the right mouse button again. This time select “paste shortcut”. A shortcut icon to the Fibonacci Market Scanner will be placed on your desktop.

· You are now ready to run the Fibonacci Market Scanner program.

FAQ (Frequently Asked Questions)

Before running The Fibonacci Market Scanner for the first time please read through the frequently asked questions below. The answers are very helpful for giving you a quick start and interpreting your results.

Should I scan all stocks in my database?

The Fibonacci Market Scanner runs much faster when you use tools provided by your data vendor to narrow down your search to the stocks you would be willing to invest in. Of the 9000 plus stocks available, most traders would only consider a small portion as tradable. Use your data vendor’s tools to build a list with your acceptable technical parameters. An example might be all stocks with volume over 50,000 shares traded yesterday. Don’t be concerned if there are over 1000 to 2000 stocks in the list. the Fibonacci Market Scanner will make fast work of finding the chart pattern you ask for.

Entering the Password

Take the Fibonacci Market Scanner Out of Demonstration Mode

Pull down the “Password” menu item.

Instructions for entering a password and getting The Fibonacci Market Scanner out of Demonstration mode are located on the password screen shown in figure #1 below:

Connecting to Data Files

Selecting a Data Format:

Pull down the “File” menu item and select “Input Data Format”. Then select your data format as shown in Figure #2 below.

Figure #2 … Selecting the Historical Data Format

MetaStock Data File Selection:

Select MetaStock from the menu and a window will pop up that will allow you to select the disk drive and folder containing your MetaStock data files. See figure #3. Note that there is a check box to instruct The Fibonacci Market Scanner to also scan all data found in the subdirectories (folders) one level down from the selected folder. When you choose to do this, you can have The Fibonacci Market Scanner scan multiple folders in a single scan. There does not need to be any MetaStock data in the top folder. The Fibonacci Market Scanner will automatically search the selected folder and sub folders for valid MetaStock data. Note that The Fibonacci Market Scanner will only scan folders one level below the selected folder.

You can arrange your MetaStock data files in such a way as to scan all files you want to scan in a single The Fibonacci Market Scanner scan. After you have selected the MetaStock folder you wish to scan, click on “OK” and The Fibonacci Market Scanner will retrieve the requested MetaStock data. Be sure and press the “Save All Settings” button on the main screen to save your default MetaStock data file settings.

Figure #3 … MetaStock Folder Selection Window

TC2000 Data File Selection:

Select TC2000 from “Input Data Format” under “File” as shown in figure #1. The current default TC2000 Watch List will appear in the “Select a Watch List” pull down combo box as shown in figure #4. This pull down combo box will contain your entire current collection of TC2000 watch lists. Select from the drop down list the watch lists of stocks that you would like to have scanned for possible trend line touches as of your last TC2000 download. You may want to keep a special TC2000 Watch List active for just this purpose. For instance, you may have a list of all of the S&P-500, Dow-30, and NASDAQ 100 stocks combined in a single list that you name “Send to THE FIBONACCI MARKET SCANNER”. Be sure and press the “Save All Settings” button on the main screen to save your default TC2000 Watch List selection.

Figure #4 … TC2000 Watch List Selection

Text Data File Selection:

The Fibonacci Market Scanner will read historical stock data from text files. The data is comprises of a separate file for each security. The file’s name is the securities ticker symbol and each file contains at least 90 days of historical end of day data. Each line of the file is a record for one day’s data. The required fields are Date, Open, High, Low, Close and Volume. Other data may be present on the line but will not be used by the The Fibonacci Market Scanner program. When you select “Text Files” (see figure #1) from the “File” pull down menu a window will pop up as shown in figure #5. You can select the directory where the text files are stored. The file names will appear in the “Files” window and the first five lines of data will be displayed in the sample data window. You can fill in each option to match the format of your particular text data files. When you have finished, select the “Open Data Files “ button and your text file data will be retrieved. Be sure and press the “Save All Settings” button on the main screen to save your default Text data file settings.

Figure #5 … Text File Settings

Running The Fibonacci Market Scanner

Special Note: The Fibonacci Market Scanner finds stocks that have touched arithmetic retracement lines. To properly view the charts in charting programs other than The Fibonacci Market Scanner, you must set the price scale to arithmetic.

For TC2000 users you can set a arithmetic scale by a right mouse click on the price graph, then select Indicator Tab, Scaling, Arithmetic and then Close. The price graph for this tab will now properly display the charts.

Days Per Bar

You can set the number of days to be represented by a single bar. As an example, you can set this value to 5 and scan weekly charts. This will allow you to scan for very long-term Fibonacci line touches.

Allowed Distance From Retracement Point to Be Considered a Touch

You can adjust how close the price (in percent of stock price) must be to a Fibonacci line to be considered a touch. The default value is 1%. You can change this value if you want to make the scan more or less rigorous. If in doubt, just use the 1% default value.

Number of Bars to Define a Pivot

This is perhaps the most powerful feature of this program. This allows you to define the magnitude of the pivot turns. As an example, if you enter a value of 5 here, 5 bars will be required on each side of the pivot bar. For a high pivot this means at least 5 lower bars to the left and 5 lower bars to the right. You will find that if you use a small number here you will find many short-term retracements. If you enter 13 or more here, you will find fewer but larger long term swings.

Look this many bars back to find the Max High and Low Turn

The program will look this many bars back to locate the most significant low or high in a retracement scan. As an example, if you have asked for a pivot count of 5 and to look back 125 bars, the system will find the highest or lowest pivot in the last 125 bars that had a pivot count of at least 5. This point will be used as the referenced major high or low for retracement calculations.

The Price Must Close Near the Line Check Box.

This requires that the price still be very close to the Fibonacci line. If this has not been checked, the system will still show you charts that have touched the Fibonacci line and have now moved away from it.

Retracement Level Check Boxes

Simply check the boxes that represent the Fibonacci retracement or extension levels you would like to scan for. You must check at least one Fibonacci retracement or extension level check box.

Find Downward or Upward Retracement level Check Boxes

If you are looking for an opportunity to buy long you would most likely be looking for a pull back in a larger up trend. In this case check the “Find Downward Retracement or Extension check box. The opposite is true for finding shorts. You can check both of these and see both short and long opportunities.

Run Scan Button

Push this button and the scan will begin. The program will show the ticker symbols for the stocks as it runs, allowing you to keep track of the progress. When finished, a window will pop up that says “Scan Finished”. Click OK to close this window. You are now ready to view the charts returned.

Stop Scan Button

The Stop Scan button will abort the scan in process. You can press this button any time you wish to stop a running scan. To restart the scan you will have to restart the scan from the beginning.

Save All Settings

Use the “Save Settings” button to keep your favorite settings so that each time you run the Fibonacci Market Scanner it will be just as you last saved it. You can resave the settings as often as you like. Note that the data source is recalled and brought back automatically. Your current chart view settings are also saved.

Refresh Watch List Button

If you have modified your watch list of input symbols and returned to the Fibonacci Market Scanner to run a new scan without restarting the Fibonacci Market Scanner program, you will want to have The Fibonacci Market Scanner update or refresh its data before beginning the new scan. You can press this button any time a scan is not in process and the Fibonacci Market Scanner will get all new data from your data files.

Pop Up Chart Check Box

When you check this box, The Fibonacci Market Scanner will show you the charts as they are found during the scan. This way you can begin looking at the charts immediately, without waiting for the scan to be completed. If you do not check this box, the scan will complete and the View Trend Lines button can be used to view the charts.

View Charts Button

Symbols found in a Fibonacci scan will be placed in the “symbols found” window on the Fibonacci Market Scanner’s main screen. Press this button to open a chart window and view the price charts and Fibonacci levels for these symbols.

Chart Options Menu

There are several options for viewing charts. Figure #6 below shows the chart viewing options menu. Instructions for each are described below.

Figure #6 … The Fibonacci Market Chart Window

Chart Type

You can choose Line Charts based on closing prices, Open/High/Low/Close charts or Candlestick charts. Simply check the chart type you prefer.

Use White Background Color

Check this to switch the graph window to a white background. This works well for charts you would like to print.

Full Screen Charts

If you check this, the charts will fill your entire screen. You can change this dynamically during a scan if you wish. Unchecked the chart returns to a default 800 x 600 resolution.

To Print a Chart

To print a chart, simply right click on the graph and select “Export Dialog” from the menu.

Controls on the Chart Screen

Show Charts as Found Check Box

When you check this box The Fibonacci Market Scanner will display each chart immediately as they are found while scanning. You can turn this feature on and off during the scan any time you like. Also note that you can minimize the The Fibonacci Market Scanner windows any time so that the scan is done in the background.

Remove Symbol Button

This button will remove the currently selected symbol from the symbol list.

Next Symbol Button

This button will advance you to the next symbol without removing the symbol from the list.

Clear Saved Symbols Button

The Fibonacci Market Scanner will generate two (2) files that contain ticker symbols for stocks on Fibonacci lines. The first file contains all of the ticker symbols found in the scan that show in the “symbols found” area of the main Fibonacci Market Scanner screen. After the scan, and as you view the charts for the stocks on Fibonacci lines you will want to keep some symbols on the list and remove others. The Fibonacci Market Scanner allows you to build the second file of ticker symbols by selecting the symbols you want to save from the list of all symbols found. The Clear Saved Symbols button allows you to erase the saved symbols and start fresh. You will want to press this button at least once each day. Symbols will continue to accumulate in this list until you clear it.

Save Symbols Button

This button will write all of the symbols currently in the list to a simple text file named “Fibonacci_Saved_Symbols.txt”. This file can be used to import the list of symbols into a charting program other than the Fibonacci Market Scanner. An example of this is to import the symbols to a TC2000 watch list. See the next section for the location of this file.

Output Files

Where are the output files? The path to the output file directory is always displayed across the bottom of the Fibonacci Market Scanner main screen. You can change the default location if you choose. Under the “File” menu at the top left there is a menu item called “Output File Location”. When you click on this item, a window will appear that will let you edit the output directory path.

Figure #8 … Changing the Output file Location

There are two files generated the first by the Fibonacci Market Scanner and the second by you. They are:

“Fibonacci_Symbol_List_One.txt” - All ticker symbols found by the Fibonacci Market Scanner during the scan.

“Fibonacci_Saved_Symbols.txt” - The symbols selected to save by you when you viewed the charts.

Importing Symbols to TC2000

There are two files generated, the first by the Fibonacci Market Scanner, and the second by you. They are:

All ticker symbols found by the Fibonacci Market Scanner in the scan are in the text file:

“Fibonacci_Symbol_List_One.txt”

The symbols save by you when you viewed the charts are in the text file:

“Fibonacci_Saved_Symbols.txt”

You can select either file to import into a TC2000 watch list.

In TC2000, simply create a watch list to put them in such as one labeled “From Fibonacci Market Scanner”. In TC2000, go to this watch list and remove any existing symbols using the pull down menu “Watch List - Remove Symbols - All”. Then use the pull down menu, “Watch List - Import Symbols from List”. The TC2000 window shown below will appear.

You will see the files in the lower left window of the pop up view. Click on the file you want from the two explained above and select OK. Your new watch list of stocks from the Fibonacci Market Scanner is now complete and ready for you to view inside of TC2000.

Disclaimer

Nebadawn, Inc. assumes no responsibility for actions taken by any individual using the Fibonacci Market Scanner program to make investment decisions. Nebadawn, Inc. employees are not brokers or investment counselors and are not providing investment advice. The use of the Fibonacci Market Scanner program implies no claims, promises, or guarantees that any suggestion, system, trading strategy, or information will result in a profit, loss, or any other desired result. All users of the Fibonacci Market Scanner program assume all risk, including, but not limited to, the risk of losses.

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