![]() Fibonacci Support and Resistance Trading Strategy: Use Cases Downtrend and Uptrend Fibonacci Retracement Trading Strategy ![]() Fibonacci Retracement vs Extension Trading Strategies: Use Cases Fibonacci Trading Strategies With Crypto Examples Fibonacci Сalculator: How To Calculate Fibonacci Retracement? How To Set Up and Draw Fibonacci Retracement Levels? Exemplified By Crypto Assets ![]() My point is - merely using a auto fib tool is not very helpful unless you have a specific pattern you may have in mind to be watching forĥ. 618 retracement concludes the 'crown pattern' we now see that price retraced to 1061.25, by using the fib retracement tool -pic 11ĥ. when price found support at fib 1.272 1053.25 you wud then use your fib retracement tool to find the golden ratio fib. ![]() using your fib retracement tool you wud anchor to that low of 1055.75 to that swing high of 1066 to find fib 1.272 low of 1053.25 as in pic 10 (fib 1.618 is acceptable)ģ. price had made a swing low on monday at 1055.75 then on tuesday it made a swing high at 1066Ģ. Here is a description of a 'crown pattern' that will not show up in auto mode - im using a 15min es to demonstrate (crown pattern is similiar to a head and shoulder pattern)ġ. I've attached a manually created image of what I have in mind.ĭo you think this is possible or valuable?ĭavidHP - im familiar with the auto fibs in ensign but if i may ask - what is it that you're trying to accomplish with an auto fib I'm thinking of creating an indicator that auto draws fib retracements on minor chart legs. Maybe this is a bad place to ask this question but I don't see a place that fits. ![]() However, nt fib time ext tool is not so bad if you use it properly - such as, the es made a hit at a sq9 from the low of 1043.75 to aprox 1060 (1060 is also a harmonic octave) - and, then if u do a fib phi (161.8%) u get the next cycle - now, if you count the bars bars in between the cycle you get a fib bar count of aprox 34 - its a projection to look for the next cycle to occur George i know of no way to get the fib time extention tool to count bars or time - i know ensign can do that Instead it measures the range bars, and it gives me 1:1 when 15 range bars have passed. For i.e if, the measurement from the top of the wave starts at 10.00 and it includes 15 bars, and ends at 11.00, it ought to be giving me an extension of 1:1 for i.e at 12.00 (60 minutes). The only problem is that it plots the range bars instead of the time period. Do you guys know if it's possible to edit the "Fibonacci Time Extension" in NT. ![]()
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December 2022
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