Ramp Foxwave Scanner Help
Fox wave trading comprises 3 different price patterns, the original pattern, the inside pattern and the outside pattern. Pivot points for all patterns are annotated XABCD and E (if applicable).
Pattern Structure
- B has to be above X
- C has to be between a minimum 50%* and maximum 150%* retracement of AB
- *These values should be available to change eg. 20% - 100%.
- D is expected to turn at (i), (ii) or (iii)
Alert Functions
(i) This is to be named “First Resistance”
(ii) This is to be named “Middle Resistance”
(iii) This is to be named “Last Resistance”
Alert line calculations
Please see this video
http://www.screencast.com/t/3p4WBQOlc
Second Pattern – The Outside Fox Wave pattern
Pattern Structure
- B has to be below X
- C has to below A and above X
- D has to be between a minimum 50%* and maximum 150%* retracement of BC
- *These values should be available to change eg. 20% - 100%.
- E is expected to turn at (i), (ii) or (iii)
Alert Functions
(i) This is to be named “First Resistance”
(ii) This is to be named “Middle Resistance”
(iii) This is to be named “Last Resistance”
Alert line calculations
Please see this video
http://www.screencast.com/t/n02BR8SF
The Third Pattern – The Inside Fox Wave Pattern
Pattern Structure
- B has to be above X
- D has to below X
- C has to be between a minimum 50%* and maximum 150%* retracement of AB
- *These values should be available to change eg. 20% - 100%.
- E is expected to turn at (i), (ii) or (iii)
Alert Functions
(i) This is to be named “First Resistance”
(ii) This is to be named “Middle Resistance”
(iii) This is to be named “Last Resistance”
Alert line calculations
Please see this video
http://www.screencast.com/t/fgjDyWvWhy89