Contest !!! Identify This Indicator

Identify this indicator used on GBPUSD 1 Hour charts

Well, what does the winner get ?

looks like s&r levels or standard deviations to me

great thread, this would make a sweet trader gameshow

None of the Standard Known ones. Unless ....... someone is really good with numbers to figure it out.

But I am 100% sure that merlin has used it, and every other experienced trader has used it some time, in a different form.

Same Indicator in Line Chart Format for GU and EU

Final Chart for GBPUSD

Could it be simply.....PRICE ??

Was thinking Pivot Points...

yea looks like fibo pivot point

looks like poorly drawn fib retracements lol

Looks like Support and Resistance.

Well, I don't have a clue!

Could you give us one...

Is this some kind of spam-o-meter?
What does it do?
How much does one cost?

Are there boobie prices for guessing wrong? Hope so!

I have no idea - but why is a "naked chart trader" holding a contest to identify an indicator?

Looks like a type of Camarilla Lines where the Long, Short and Breakouts have been replaced with numbers.

http://img223.imageshack.us/img223/4493/hmmmgd3.jpg

I've done a numerical projection based on the pattern i've seen.

Every number conforms to the approximate 1.618 Fibonacci increase based on the value before it.

If the pattern is extrapolated you get a perfect sequence:

+10: +1 (.1204)

+9 : +2 (.1203)

+8 : +3 (.1201)

+7 : +5 (.1198)

+6 : +8 (.1193)

+5 : +13 (.1185)

+4 : +21 (.1172)

+3 : +34 (.1151)

+2 : +55 (.1117)

+1 : +89 (.1062)

+0 : xxx (.0973)

-1 : -89 (.0884)

-2 : -55 (.0829)

-3 : -34 (.0795)

-4 : -21 (.0774)

-5 : -13 (.0761)

-6 : -8 (.0753)

-7 : -5 (.0748)

-8 : -3 (.0745)

-9 : -2 (.0743)

-10: -1 (.0742)

----------------

The extremal levels at which the lines cluster up seem like areas which would trigger a continuation of the trend to the highs and a reversal of the trend to the lower end.

One thing is certain now (I THINK), the indicator works based on a 1.618 Fibonacci sequential increase/decrease.

All i don't understand is how the initial levels are determined, but then that means we need to know the initial points of calculation and or the settings of the indicator.

Never seen anything like it, but hope i've managed to give clues.

I'm still scratching Ze beard on this one.

Regards,
E. Lang

I've noted that using the H+L+C/3 on the current days' range approximates to the base value of 0 used to start the projections.

H: 2.1161
L: 2.0878
C: 2.0902

Result: 2.0980 or as per your chart 2.0973 (Considering broker differences)

So, is it some type of a Pivot Point indicator based on Fibonacci values ?

lol

Give us a hint ^_^

This is exciting, i love a challenge

E. Lang

please post the EA

Question... do you know what the indicator actually is or are you asking because you really don't know and you are inquiring?

Thanks

I think so....
MurreyMath right ?

MURREY MATH LEVELS