Monday, December 11, 2017

Dynamic Fibonacci Levels

Dynamic Fibonacci Levels


This indicator draws Fibonacci levels on the basis of the author's algorithm created on the weekly chart. It can be used on any pair and timeframe. In essence, it draws various levels in the range of from 0% to 5%, with levels like extensions 82% and 1.382%, from which most of the time the price is repelled. This unique levels, time-tested.


My mentor calls it "a weekly analysis of the peaks and troughs of the castle."


Almost every book I came across on the market speculation, the author says somewhere that the first step to successful trading is having a plan. They always say that you need to stick to the plan, otherwise you are doomed to failure. I've always wondered: what if the plan was originally devised by the trader fails? You will also fail. Do you comfort that you have failed, while respecting your bad plan? I think no. The correct statement is a flexible plan! Come up with a general idea, do not marry her, and only go out on dates.


We as traders can never marry the idea, we just want to go on dates with them. Whatever analysis told us naked, we should always be aware of the so-called paradox of Market. Market paradox states that stakeholders will stimulate a fall in prices ( "Hunting on foot" or "compression") to create a better shopping environment for their strong hands. Interested parties will stimulate growth of prices ( "Hunting on foot" or "compression"), to create a more favorable sales conditions for their strong hands. It is precisely this truism market should be taken into account when building flexible trading plan for the week ahead.


Perhaps now you are asked the question: if we want to refute our hypothesis, why bother to do the analysis? The reason: we need to develop a plan based on the results of the weekly analysis. Our theory is confirmed by a number of times, you need only look out for changes in market sentiment, which can cause a reversal of the results of our analysis. It is on these transactions can not marry.


The upper lock lower lock - it is my method of determining whether the market tends to go down (top blocked) or up (bottom blocked). This will be used weekly charts, and the indicator will perform just that.


Each week, the indicator will build Fibonacci levels in accordance with an algorithm. When the changes in the market order flow indicator will change automatically, and the levels will be directed upward or downward, showing the tendency of the market to move in this direction.


Dynamic Fibonacci Levels

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