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Originally Posted by mezarashii
hi,
this indicator does not shift once it creates the new levels each day?
I am not a programmer. It seems these levels are extremely accurate for determining high and low areas.
Will forward test to see for myself. I just can't believe what I'm seeing on my charts is actually tradeable!
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Here is an idea for a reversal type trade using the intraday-fibonacci indicator and the TD Sequential in combination. I chose the TD because its good at spotting reversals and I already know it doesn't shift after new lows.
Still asking those on the forum who understand this indicator how and when it shifts to create new levels. Only once at the beginning of the day? Every time there is a new high or low?
Here is what I see using these two indicators together...
wonder if its possible...