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Quote:
according to my interpretation, numbers below 9 indicate a trend is developing. Anything over 9 is likely to reverse. So I use the number 9 and higher to look for reversals in my trading. |
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Fibonacci
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Hi,
I have developed FractalChannel, use please. This is "flat" version of the channel, in which are used following parameters: ChannelType=1...3 (1-3bars fractal, 2-5 bars, 3-7bars) Margin=0...0.5 - a factor of the narrowing the channel Advance - an offset OpenClose=0/1 (switch High/Low mode (0) on OpenClose mode(1)) |
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schwager,
the fib retracement is only drawing fib lines. To use Fib lines you should take a course in fibonacci trading, Carolyn Boroden is a great teacher and offers courses throughout the year. http://www.syncmt.com/ Using the rvmfractalslevel indicator is drawing a fib fan. The fib fan indicator is acting like the float indicsator predicting the market turning points. It does not have a 100% in predicting, I have watched it change its point of reference, just like the Float, but it is within the 80% range which makes it very usable. Use other indicators with it such as the demarker, look for the demarker to be above .7 for a short when the indicator appears, and a .3 for a buy. Or wait for cci to cross above/or below the zero line to be safe Once again to fully understand Fibonacci, take a course |
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Custom Fib Levels Setting and Fib Expansion
please review attached indicator, u can now customize time frames. This is not my work.
My question is , is it possible to be able to customize the fib levels that you want to use, and can Fib expansions be added to this indicator as well.? I would like to use this indicator to plot SK levels based on the teachings of Neal Hughes(www.fibmaster.com), and Carolyn Borden (http://www.syncmt.com/). Thanks in advance. Last edited by techtrader; 03-14-2006 at 09:53 PM. |
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LinkBack to this Thread: http://www.forex-tsd.com/indicators-metatrader-4/11458-fibo-gann-variations.html
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| Posted By | For | Type | Date | |
| 【MT4】MetaTrader Part8【メタトレーダー】 | Post #86 | Refback | 07-01-2008 04:49 PM | |
| fibo indicator - Forex Trade swicki - powered by eurekster | This thread | Refback | 06-11-2008 07:42 PM | |
| Tom Demark's Sequential Setup & Countdown - Page 6 - Nogold.com | Post #24 | Refback | 02-22-2008 02:28 AM | |
| 【MT4】MetaTrader Part8【メタトレーダー】 | Post #86 | Refback | 02-22-2008 02:24 AM | |
| 。レMT4。ロMetaTrader Part8。レ・皈ソ・ネ・。シ・タ。シ。ロ - MetaTrader、゙、ネ、畍iki | This thread | Refback | 02-16-2008 03:04 AM | |
| 1ヒア゚、ォ、鯲ワサリ、ケクカサイノ | This thread | Refback | 02-14-2008 11:45 AM | |
| 1ヒア゚、ォ、鯲ワサリ、ケクカサイノ | This thread | Refback | 02-14-2008 11:45 AM | |
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