Hi all. I have reada book by Robert Fischer about incorporating Fibonacci with both time and Price.
Its hard to explain the whole concept because the ebook is scanned , so I can't copy and paste.
But the basic idea that , by applying the golden ratio to both time and price , you can predict critical turning points with a big accuracy.
http://www.forexfactory.com/showthread.php?t=98031
You can see in the thread I posted , someone read the same book and posted a good chart.
With long search on the Forex-TSD , I found similar indicator , but it constructs the spiral using an adjustable square. To construct the spiral you need to draw a line between center and starting point which is not a horizontal line.
To be honest this method is not popular , so this is a desperate attempt for help.
Its hard to explain the whole concept because the ebook is scanned , so I can't copy and paste.
But the basic idea that , by applying the golden ratio to both time and price , you can predict critical turning points with a big accuracy.
http://www.forexfactory.com/showthread.php?t=98031
You can see in the thread I posted , someone read the same book and posted a good chart.
With long search on the Forex-TSD , I found similar indicator , but it constructs the spiral using an adjustable square. To construct the spiral you need to draw a line between center and starting point which is not a horizontal line.
To be honest this method is not popular , so this is a desperate attempt for help.
Attached File(s)
FX5_FiboSpiral_v1.0.mq4
7 KB
|
957 downloads