FPI + Fibonacci = Triangular FM Pivots

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Nicholishen
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FPI + Fibonacci = Triangular FM Pivots

Postby Nicholishen » Wed Mar 19, 2008 2:59 pm

I originally posted this on TSD then ND burried it in some old piv thread. So I'm putting it here for discussion, where it belongs in the first place.

This is a combination of Triangular price calculation and Fibonacci retracement levels. The levels can be deadly accurate, especially when they overlap a key fib or pivot point.

How are they calculated?
The IND searches for triangular rings containing the chart symbol. It then calculates the new pivot levels based on the 0% and 100% fibonacci retracement levels of the remaining two symbols using the 1=(a/b)*(b/c)*(c/a) formula.

Why does it work?
FM :D
Attachments
Triangular FM Pivots.mq4
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Postby wolfe » Sat Sep 20, 2008 2:24 am

Thanks Nicholishen for sharing your indicator. I assume the market must be open in order for it to display. I look forward to testing this out!

vladv
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Postby vladv » Mon Oct 13, 2008 2:26 pm

Thanks for sharing this indicator!I will test it in my strategy that is both fibo and pivot based.

sdb_quamtum
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Where can i find this indicator?

Postby sdb_quamtum » Sat Oct 18, 2008 3:03 pm

I am new to this forum.
where can i find this indicator?

sdb_quamtum
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Postby sdb_quamtum » Sat Oct 18, 2008 3:05 pm

Ooopss! Now i see it!!

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Postby chaowarin » Wed Feb 16, 2011 5:14 am

Thank for sharing "Nicholishen"

vladv
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Postby vladv » Mon Aug 01, 2011 9:35 pm

Anybody care to share the best way to use this indi? ;)

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