Fibonacci retracement: Golden ratioTrading Indicator: Fibonacci retracement: Golden ratio Created by: bug man on August 28, 2009. The coding of this Technical Analysis method necessitated 10 lines of code. The indicator is called 'Fibonacci_goldenratio' and it is created using JScript programming language. It gets one argument. The parameter is: lookback (Type: Number - Default Value: 0): Lookback period Example: p = Fibonacci_goldenratio(0); Formula to display the indicator on a chart: Plot(Fibonacci_goldenratio(0), "Fibonacci retracement: Golden ratio", colorRed); Future and Past Bars: The function has no look-ahead bias. It needs 0 previous bars. Click on this link to download Fibonacci retracement: Golden ratio Search terms used to find this trading item include fibonacci retracement ratios, golden retracement, fibonacci retracement, fibonacci retracement golden ratio, golden ratio trading The trading object is saved under the following categories: Technical Analysis Trading Indicators: ForceIndex Price and Volume Trend Ease of Movement Indicator The DeMark's DeMarker indicator Buy Indicator Drawdown: Long and Short |
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