Thank you.
Is there a donational buyzone indicator?
TheRumpledOne Donational Indicators
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- TheRumpledOne
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- razorboy
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Dynamic Fib Lines
TRO,
I have been using the dynamic fib lines for a while now. I have the look back period set to 5 (and sometimes 8 or 13), but am still unsure what causes the lines to shift position -specifically the resistance line to fall or the support line to rise as they often go much longer than set periods before resetting themselves.
I think they work as follows.
Resistance line
At the beginning of each new time period, the lines "look back" the set number of periods. to compare the current price to the last "5" periods. if the price is lower than any of those 5 prices, the line falls - (obviously they go up when price hits them )
- the opposite is true for the support lines.
I have been using the dynamic fib lines for a while now. I have the look back period set to 5 (and sometimes 8 or 13), but am still unsure what causes the lines to shift position -specifically the resistance line to fall or the support line to rise as they often go much longer than set periods before resetting themselves.
I think they work as follows.
Resistance line
At the beginning of each new time period, the lines "look back" the set number of periods. to compare the current price to the last "5" periods. if the price is lower than any of those 5 prices, the line falls - (obviously they go up when price hits them )
- the opposite is true for the support lines.
- TheRumpledOne
- rank: 10000+ posts
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- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
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bar stats
7 candle streak that's not registering...this is default settings on bar stats
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