Steve Hill from AiQ Systems presented on the use of Fibonacci tools in trading, explaining their effectiveness in identifying support and resistance levels, particularly in trending markets. He discussed the use of Fibonacci retracements, arcs, fans, and time zones, emphasizing their importance in analyzing market trends and making informed investment decisions. Steve also demonstrated how to use these tools on various stocks, including Johnson & Johnson, Hasbro, Home Depot, and a hotel company, highlighting their usefulness in predicting future price movements.

Using Fibonacci Arcs, Time Zones, Retracements, and Fans in Stock Trading

In this hour-long session, Steve Hill, CEO of AIQ Systems, will Unlock Technical Patterns Using Fibonacci Arcs, Time Zones, Retracements, and Fans and identify key support and resistance levels, predict potential reversal points, and plan entry and exit strategies.

January 16, 2025  5 – 6 pm Eastern

Register at https://us02web.zoom.us/meeting/register/xkZpkensQFS5P2wfOOH5CA

An hour-long session with Steve Hill, CEO of AIQ Systems. An hour-long session with Steve Hill, CEO of AIQ Systems. With this session, Steve will delve into the nuances of Head and Shoulders (and Inverse), Triple Tops and Bottoms, Flags, and Pennants, Ascending and Descending Triangles, Measured Moves, Rare Patterns: Diamond Tops and Bottoms, Cup and Handle.

Download the Accompanying PowerPoint presentation.

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FREE AIQ Zoom Workshop

Dec 12, 2024, 5 – 6 pm Eastern

In this hour-long session, Steve Hill, CEO of AIQ Systems will trace the evolution of AI in trading from early expert systems through

The Early Days: Expert Systems, The Rise of Algorithmic Trading, the Introduction of Neural Networks in Trading, The Advent of Machine Learning and Deep Learning, the Role of Human Traders and Oversight, Modern AI Trading Systems and Tools, and Risks and Future Directions in AI Trading.

Current AIQ Market Analysis will also be covered.

Date & Time Dec 12, 202 4 5 – 6 pm Eastern

Register Now https://us02web.zoom.us/meeting/register/tZEkd-CtqzsqGNbwpQ182EW_FnCD63HYY3JF

The importable AIQ EDS file based on Neil Jon Harrington’s article in the October 2024 issue of Technical Analysis of Stocks & Commodities magazine, titled “Revisualizing The ADX Oscillator,” Introduces a new, re-envisioned ADX that provides more information to the trader and makes ADX readings more intuitive and easier to visualize, can be obtained on request via rdencpa@gmail.com. The code is also shown here:

!DMI & ADX indicators 
!Coded by Rich Denning, 10/14/24
	
Dailyrange is [high]-[low].
Ycloseh is abs(val([close],1)-[low]).
Yclosel is abs(val([close],1)-[high]).
Trange1 is Max(Dailyrange,Ycloseh).
Trange is Max(Trange1,Yclosel).

define HarringtonLength 10.
define sLen 5.
define ADXlow 15.
define ADXHigh 40.

!To convert Wilder averaging to exponential averaging use this formula:
!ExponentialPeriods = 2 * WilderPeriod - 1.

days is 2 * HarringtonLength - 1.

!+DM CODE:
yhigh is val([high],1).
ylow is val([low],1).
rhigh is ([high]-yhigh).
rlow is (ylow-[low]).
DMplus is iff(rhigh > 0 and rhigh > rlow, rhigh, 0).
DMminus is iff(rlow > 0 and rlow >= rhigh, rlow, 0).
	
AvgPlusDM is expAvg(DMplus,days).
AvgMinusDM is expavg(DMminus,days).
                  	
!AVERAGE TRUE RANGE:
ATR is expAvg(Trange,Days).
!DMI CODE:
PlusDMI is (AvgPlusDM/ATR)*100.	
sPlusDMI is simpleavg(PlusDMI,sLen).
MinusDMI is AvgMinusDM/ATR*100.	
sMinusDMI is simpleavg(MinusDMI,sLen).

!PLOT sDIdiff as historigram:           
  sDIdiff is sPlusDMI-sMinusDMI. 		 
  ZERO if sPlusDMI = 0 and sMinusDMI = 0.
  sDIsum is sPlusDMI+sMinusDMI.
  sDX is iff(ZERO,100,abs(sDIdiff)/sDIsum*100).
!PLOT ADX as single line indicator with support at 15:
  sADX is ExpAvg(sDX,days).		

Green if sDIdiff > 0 and sADX > ADXlow.
Red if sDIdiff <= 0 and sADX <= ADXlow.

Code for the author’s indicator is set up in the AIQ EDS code file. Figure 7 demonstrates the indicator on a daily chart of the QQQ. Note that I did not implement here all of the colors the author uses. I implemented the strong up (green), strong down (red) and neutral (yellow).

FIGURE 7: AIQ. The indicator is displayed on a chart of the NASDAQ-100 ETF (QQQ).

—Richard Denning
rdencpa@gmail.com
for AIQ Systems