MTR_U2 Parameters
Contents
Switch Settings available in this dll are same as MTR_UT except for:
Parameter 5: Fields 1, 2
Parameter 6: Fields 5, 6 (marked in bold below)
12 switches control actual output to the chart:
Parameter 2, Field 2 . . . Stats and Momentum Wave
Parameter 4, Field 1 . . . Output Only_Crest Fib Fence (optional Fib Fence Tm Markers)
Parameter 4, Field 4 . . . Output Only_Trough Fib Fence (optional Fib Fence Tm Markers)
Parameter 6, Field 1 . . . Crest Fib_0 Level and/or dBias_Crest Fib Fence (using Line #9)
Parameter 6, Field 2 . . . Crest Fib_Target/Fold-Over Level
Parameter 6, Field 3 . . . Trough Fib_0 Level and/or dBais_Trough Fib Fence (using Line #8)
Parameter 6, Field 4 . . . Trough Fib_Target/Fold-Over Level
Parameter 6, Field 5 . . . Crest Fib Target Level (split) (or FishTail Tm Markers)
Parameter 6, Field 6 . . . Trough Fib Target Level (split) (or FishTail Tm Markers)
Parameter 8, Field 1 . . . Trough/Crest Time Fence Selection
Parameter 8, Field 4 . . . Crest TmVector/FishTail Selection
Parameter 8, Field 5 . . . Trough TmVector/FishTail Selection
These switches can be used individually and/or combined to make the chart suit your individual trade style.
Multiple dlls can be placed on a chart with different settings to create the trade structure and clarity desired.
(i.e. line style, color, symbol, sizing, etc.)
If all 12 of the above switches are set to zero (0), there is no output to the chart.
All other switches set the math and decision logic that is used internally in the dll to create the structure desired. Details of all options for all switches are found below.
Field 1: Fibonacci Trader's 'Own period
(Burton Cycle Tools use only the 'Own' period)
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Options:
Field 1: Square of 9 Vibration_Momentum Wave
(Sqr9Vib is added to the root of the square of the range of the chart bar then re-squared)
Options: -6 to 6
Example: 9 tick range bar chart. [9^ = 81, 9 + 3 = 12, 12^ = 144] So on a 9 tick range bar chart a 3 yields a Sqr12 momentum wave on a Sqr9 chart. A 13 tick range bar chart would have a Sqr16 momentum wave on a Sqr13 chart.
Notes: This process yields the vibrational momentum wave of the chart as a function of incremental 180* units +/- the square of the range of the chart. [It should also be noted that consistent throughout Burton Cycle Tools the concept of 3 and 270* carry the same meaning. In general . . . the decision is whether to use a 3 or a 4 setting.
Field 2: Stats
Options: 0 = No Stats 1 = Show Stats 10 = Same as 1 + show Wave using Line Style #6
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Options:
Field 1: Time Factor Crest
What 'differential' Time factor do you want to use in the falling leg of the wave for construction of the Crest Fib structure? Default = 1.66
Field 2: Time Factor Trough
What 'differential' Time factor do you want to use in the rising leg of the wave for construction of the Trough Fib structure? Default = 1.66
Field 3: Momentum Look Ahead Factor
What 'differential' Momentum factor do you want to use for construction of the Wave Fib structures? Default = 2.2 (Note: 2.235 is the SqrRt of 5, the hypotenuse leg of the 3-4-5 Pythagorean Theorem Triangle, appears in the fractional expression for the golden ratio, and then naturally figures in the closed form expression for the Fibonacci number sequence, ie don't leave home without it!)
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Options:
Field 1: Select Crest Fib Fence (Output)
Options: 0 = Off 4 = Show using Line #4 5 = Same as 1 + add Tm Markers 17 & 21 using Line #7 6 = Same as 5 + add Tm Marker 34 using Line #7 1 = Show using Line #2 2 = Same as 1 + add Tm Markers 17 & 21 using Line #7 3 = Same as 2 + add Tm Marker 34 using Line #7
Field 2: Crest Fib Level
What Fib Level do you want to use for the endpoint of the Fib Fence. This is the end-price component of the fence. Effectively this establishes the run-rate of the fib fence over time.
Options: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time related, etc. 13 = midpoint proxy 17 = time 21 = in opposing force zone
Field 3: Crest Fib Time
What Fib Time do you want to use for the endpoint of the Fib Fence. This is the end-time component of the fence. Combined with Fib Level this establishes the run-rate of the fib fence, shifting the slope.
Options: Can be any number, however, I use Fib times which have meaning as related to sup/res, or decision points, or time related, etc. 17, 21, 26 = Excellent
Field 4: Select Trough Fib Fence (Output)
Options: 0 = Off 4 = Show using Line #3 5 = Same as 1 + add Tm Markers 17 & 21 using Line #7 6 = Same as 5 + add Tm Marker 34 using Line #7 1 = Show using Line #1 2 = Same as 1 + add Tm Markers 17 & 21 using Line #7 3 = Same as 2 + add Tm Marker 34 using Line #7
Field 5: Trough Fib Level
What Fib Level do you want to use for the endpoint of the Fib Fence. This is the end-price component of the fence. Effectively this establishes the run-rate of the fib fence over time.
Options: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time related, etc. 13 = midpoint proxy 17 = time 21 = in opposing force zone
Field 6: Trough Fib Time
What Fib Time do you want to use for the endpoint of the Fib Fence. This is the end-time component of the fence. Combined with Fib Level this establishes the run-rate of the fib fence, shifting the slope.
Options: Can be any number, however, I use Fib times which have meaning as related to sup/res, or decision points, or time related, etc. 17, 21, 26 = Excellent
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Options:
Field 1: Select Momentum Cap/Cup Fib Fence Directional Bias Filtering (Crest Side)
This side is for Crest Targeting
Options: 0 = Off 1 = Use Crest Fib Fence (Parameter 4, Fields 2 & 3) 2 = Use Trough Fib Fence (Parameter 4, Fields 5 & 6)
Field 2: Select Momentum Cap/Cup Fib Fence Directional Bias Filtering (Trough Side)
This side is for Trough Targeting
Options: 0 = Off 1 = Use Crest Fib Fence (Parameter 4, Fields 2 & 3) 2 = Use Trough Fib Fence (Parameter 4, Fields 5 & 6)
Field 3: Crest Fib Level [dBias filtering fence]
What Fib Level do you want to use for the endpoint of the dBias Filtering Fib Fence. This is the end-price component of the fence. Effectively this establishes the run-rate of the fib fence over time.
Options: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time related, etc. 13 = midpoint proxy 17 = time 21 = in opposing force zone
Field 4: Crest Fib Time [dBias filtering fence]
What Fib Time do you want to use for the endpoint of the dBias Filtering Fib Fence. This is the end-time component of the fence. Combined with Fib Level this establishes the run-rate of the fib fence, shifting the slope.
Options: Can be any number, however, I use Fib times which have meaning as related to sup/res, or decision points, or time related, etc. 17, 21, 26 = Excellent
Field 5: Trough Fib Level [dBias filtering fence]
What Fib Level do you want to use for the endpoint of the dBias Filtering Fib Fence. This is the end-price component of the fence. Effectively this establishes the run-rate of the fib fence over time.
Options: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time related, etc. 13 = midpoint proxy 17 = time 21 = in opposing force zone
Field 6: Trough Fib Time [dBias filtering fence]
What Fib Time do you want to use for the endpoint of the dBias Filtering Fib Fence. This is the end-time component of the fence. Combined with Fib Level this establishes the run-rate of the fib fence, shifting the slope.
Options: Can be any number, however, I use Fib times which have meaning as related to sup/res, or decision points, or time related, etc. 17, 21, 26 = Excellent
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Options:
Field 1: Show Crest Support or Resistance
Options: 0 = Off 2 = Show Fib_0 Level (fixed Tm_5 to Tm_13) 1,3 = Show momentum LkAhd as Support 'Cup' using Lines #9 -1,-3 = Show momentum LkAhd as Resistance 'Cap' using Lines #9 abs>(9) = Show Crest dBias Filtering fib fence and support/resistance selected (Example: 10,-10 shows fence and momentum S/R, 20 shows fence and Fib-0 level, 30,-30 shows all 3, 60 shows fence only)
Field 2: Crest Fib Level
Options: 0 = Off Else: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time, etc.
Field 3: Show Trough Support or Resistance
Options: 0 = Off 2 = Show Fib_0 Level (fixed Tm_5 to Tm_13) 1,3 = Show momentum LkAhd as Support 'Cup' using Lines #8 -1,-3 = Show momentum LkAhd as Resistance 'Cap' using Lines #8 abs>(9) = Show Trough dBias Filtering fib fence and support/resistance selected (Example: 10,-10 shows fence and momentum S/R, 20 shows fence and Fib-0 level, 30,-30 shows all 3, 60 shows fence only)
Field 4: Trough Fib Level
Options: 0 = Off Else: Can be any number, however, I use Fib levels which have meaning as related to sup/res, or breakout levels, or time, etc.
Field 5: Crest Fib Target Level Split Selector
Splits the Fib Level selected in Field 2 and displays 2nd level.
Options: 0 = Off When used, typically = 5 or 8
Field 6: Trough Fib Target Level Split Selector
Splits the Fib Level selected in Field 4 and displays 2nd level.
Options: 0 = Off When used, typically = 5 or 8
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Options:
Field 1: Crest Time Count 1
Best set to 13. If trough Fib fence is being displayed it will overwrite this level as rotation occurs.
Field 2: Crest Time Count 2
Options: Standard setting is 21 (primary direction filter) Can be set higher if desired (ie. 45, 72, 90, etc), typically when Fib Pr/Tm Vectoring/FishTails are used.
Field 3: Trough Time Count 1
Best set to 13. If crest Fib fence is being displayed it will overwrite this level as rotation occurs.
Field 4: Trough Time Count 2
Options: Standard setting is 21 (primary direction filter) Can be set higher if desired (ie. 45, 72, 90, etc), typically when Fib Pr/Tm Vectoring/FishTails are used.
Field 5: Fib Level Max Display
Shows Fib Level Display to this Count. Specifically used to limit the display output for clarity, while the Fib vectoring is using Fields 2 & 4 for slope-time calculations, ie price/time run-rate.
Options: 21 = Standard Could be longer but will be overwritten from start count setting (Time Count 1) when next cycle is generated.
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Options:
Field 1: Select Time Fence (Output)
Options: 4 = Show single Trough fence (Field 2 setting) use Line #9 41,42 = Show double Trough fences (Field 2, 3 settings) use Line #8 & #9 45 = Show single Trough fence (Field 2 setting) and single Crest fence (Field 3 setting) 5 = Show single Crest fence (Field 2 setting) use Line #8 51,52 = Show double Crest fences (Field 2, 3 settings) use Line #8 & #9 54 = Show single Crest fence (Field 2 setting) and single Trough fence (Field 3 setting) (Note: all time fences use Lines #8 & #9) (Note: fence output is over-ridden by the 'Show Fib Fence' settings of Parameter 6, Fields 1 & 3. Suggest using Parameter 4, Fields 1 & 4 to display the Fib Fences. Just make sure the Fib Fence Pr/Tm settings of Parameter 4 match the Fib Fence Pr/Tm settings of Parameter 5, else you will not be looking at the same fences that are controlling the directional bias.)
Field 2: Fence 1 (Time Threshold)
(From what Time Count along the Friction Vector from the Trough/Crest do you want to construct Time Fence #1?) Default = 17 (Note: 13 is a standard since it is midpoint and provides clarity to price action, relative to midpoint, from cycle to cycle) (Times: 17, 21, 26, 34 are significant as fences) (Larger Times: 45 is extremely significant, 52, 72, 90 can be interesting)
Field 3: Fence 2 (Time Threshold)
(From what Time Count along the Friction Vector from the Trough/Crest do you want to construct Time Fence #2?) Default = 34 (Note: 13 is a standard since it is midpoint and provides clarity to price action, relative to midpoint, from cycle to cycle) (Times: 17, 21, 26, 34 are significant as fences) (Larger Times: 45 is extremely significant, 52, 72, 90 can be interesting)
Field 4: Crest Target Vectoring/Fishtail Options
To what Pr/Tm End do you want to see a vector run from TmFence Origin? (Tm90 of the Fib_8 level is extremely potent for defining break-outs and current directional bias) TmFences 13 and 17 are good anchors to consider.
Options: 0 = Off 5 = Trough Tm Fence Fold-Over Level dBias filtered by Trough Fib Fence 6 = Trough Tm Fence Fold-Over Level dBias filtered by Crest Fib Fence 7 = Trough Tm Fence Fold-Over Level 75 = Show both Trough Tm Fences and Fold-Over Levels dBias filtered by Trough Fib Fence 76 = Show both Trough Tm Fences and Fold-Over Levels dBias filtered by Crest Fib Fence 2 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to same TmEnd 20 = Same as 2 but displays FishTail only 25 = Same as 20 but dBias filtered by Trough Fib Fence 52 = Same as 25 but dBias filtered by Trough Fib Fence + Vector Output 26 = Same as 20 but dBias filtered by Crest Fib Fence 62 = Same as 26 but dBias filtered by Crest Fib Fence + Vector Output 3 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to (TmEnd+ (Vector to FishTail Tm Differential)) 30 = Same as 3 but displays FishTail only 35 = Same as 30 but dBias filtered by Trough Fib Fence 53 = Same as 35 but dBias filtered by Trough Fib Fence + Vector Output 36 = Same as 30 but dBias filtered by Crest Fib Fence 63 = Same as 36 but dBias filtered by Crest Fib Fence + Vector Output 4 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to (TmEnd+ ((Vector to FishTail Tm Differential) x Phi))) 40 = Same as 4 but displays FishTail only 45 = Same as 40 but dBias filtered by Trough Fib Fence 54 = Same as 45 but dBias filtered by Trough Fib Fence + Vector Output 46 = Same as 40 but dBias filtered by Crest Fib Fence 64 = Same as 46 but dBias filtered by Crest Fib Fence + Vector Output 1 = Vector output to Fib TmEnd (Parameter 7, Field 2_Trough Time Cnt 2) + FishTail output parallel to Vector (ie, creates a Channel) 10 = Same as 1 but displays FishTail only 15 = Same as 10 but dBias filtered by Trough Fib Fence 51 = Same as 15 but dBias filtered by Trough Fib Fence + Vector Output 16 = Same as 10 but dBias filtered by Crest Fib Fence 56 = Same as 16 but dBias filtered by Crest Fib Fence + Vector Output
Field 5: Trough Target Vectoring/Fishtail Options
To what Pr/Tm End do you want to see a vector run from TmFence Origin? (Tm90 of the Fib_8 level is extremely potent for defining break-outs and current directional bias) TmFences 13 and 17 are good anchors to consider.
Options: 0 = Off 5 = Crest Tm Fence Fold-Over Level dBias filtered by Trough Fib Fence 6 = Crest Tm Fence Fold-Over Level dBias filtered by Crest Fib Fence 7 = Crest Tm Fence Fold-Over Level 75 = Show both Crest Tm Fences and Fold-Over Levels dBias filtered by Trough Fib Fence 76 = Show both Crest Tm Fences and Fold-Over Levels dBias filtered by Crest Fib Fence 2 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to same TmEnd 20 = Same as 2 but displays FishTail only 25 = Same as 20 but dBias filtered by Trough Fib Fence 52 = Same as 25 but dBias filtered by Trough Fib Fence + Vector Output 26 = Same as 20 but dBias filtered by Crest Fib Fence 62 = Same as 26 but dBias filtered by Crest Fib Fence + Vector Output 3 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to (TmEnd+ (Vector to FishTail Tm Differential)) 30 = Same as 3 but displays FishTail only 35 = Same as 30 but dBias filtered by Trough Fib Fence 53 = Same as 35 but dBias filtered by Trough Fib Fence + Vector Output 36 = Same as 30 but dBias filtered by Crest Fib Fence 63 = Same as 36 but dBias filtered by Crest Fib Fence + Vector Output 4 = Vector output to Fib TmEnd [Parameter 7, Field 2 (Trough Time Cnt 2)] + FishTail output to (TmEnd+ ((Vector to FishTail Tm Differential) x Phi))) 40 = Same as 4 but displays FishTail only 45 = Same as 40 but dBias filtered by Trough Fib Fence 54 = Same as 45 but dBias filtered by Trough Fib Fence + Vector Output 46 = Same as 40 but dBias filtered by Crest Fib Fence 64 = Same as 46 but dBias filtered by Crest Fib Fence + Vector Output 1 = Vector output to Fib TmEnd (Parameter 7, Field 2_Trough Time Cnt 2) + FishTail output parallel to Vector (ie, creates a Channel) 10 = Same as 1 but displays FishTail only 15 = Same as 10 but dBias filtered by Trough Fib Fence 51 = Same as 15 but dBias filtered by Trough Fib Fence + Vector Output 16 = Same as 10 but dBias filtered by Crest Fib Fence 56 = Same as 16 but dBias filtered by Crest Fib Fence + Vector Output
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