|
Logarithmic spiral Indicator - predicting price and time
I am reading the Fibonacci Applications and Strategies for Trades by Robert Fisher and I came cross the logarithmic spiral indicator. The author claims that provides the link between price and time analysis and it is the answer to forecasting both price and time.
As you all are awared, the spiral is called the most beautiful of mathematic curves and has occurred for millions of years in nature. The logarithmic spiral is the only mathematical curve to follow the pattern of growth expressed in the nautilus shell. He claims that during the stock market crash in October 1987 when every other method of analysis seems to fail, the correct spiral correctly identifed the bottom of the crash.
Has anyone come across the logarithmic spiral indicator for metatrade or has attempted to create an indicator for it?
|