Indicator to determine Swing high/low for Fibonacci Trading? | Forex Factory

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Indicator to determine Swing high/low for Fibonacci Trading?

  • #1
  • First Post: Sep 24, 2010 4:25pm Sep 24, 2010 4:25pm
I am looking for an indicator that can determine the Swing High and Swing Low to draw my Fibonacci Lines from. Anyone care to share what they use?
  • #2
  • Last Post: Sep 24, 2010 5:11pm Sep 24, 2010 5:11pm
This isn't easy as everyone seems to have a different idea of what constitutes a Swing High or Swing Low. The best I have seen from a coding point of view is Tom Demark's Trend Lines which connects the previous 2 Swing Highs/Lows. Here is a link to the description - it is very easy to understand and code.

http://forex-strategies-revealed.com.../user/TDTL.pdf
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