Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
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deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
razorboy wrote:which candles are you using to make your calculations?deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
razorboy wrote:which candles are you using to make your calculations?deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
deeforex wrote:razorboy wrote:which candles are you using to make your calculations?deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
I'm going off of what I think MO's new calculations are based off of. So the 58% fib number is off of the most current candle. I use 58% because that's how much time has elapsed for the candle (see the timer on the top portion of chart).
MightyOne wrote:deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
It is always IN THE DIRECTION OF THE HIGH BREAKOUT FROM THE FERGIN LOW(vise versa)
They are only applied on the breakout candle (current candle) and only when they are greater than the breakout line.
razorboy wrote:I think you are mixing up approaches
the fergin low was in regards to the dynamic trend approachdeeforex wrote:razorboy wrote:which candles are you using to make your calculations?deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
I'm going off of what I think MO's new calculations are based off of. So the 58% fib number is off of the most current candle. I use 58% because that's how much time has elapsed for the candle (see the timer on the top portion of chart).
MightyOne wrote:deeforex wrote:I keep remembering the posts that say to add the range to "the fergin' low". I think this throws me off when the candle color changes from green to red and we're subtracting the range from the high (is this even correct??)
Which of the following dynamic lines the correct one? the Blue or Yellow 58%? I think it's the Yellow one.
Thanks.
It is always IN THE DIRECTION OF THE HIGH BREAKOUT FROM THE FERGIN LOW(vise versa)
They are only applied on the breakout candle (current candle) and only when they are greater than the breakout line.
es/pip wrote:blubbb wrote:Is there ONE dynamic trendline or are there TWO? If there is only one, why do we use the smaller range of bars 1 and 2 at all? I mean, if the line gets pushed further by using the larger range, there won't be a change if you apply the other one.
Or is it one line for each range? Line A: Low[0] + High[1] - Low[1] and Line B: Low[0] + High[2] - Low[2] ?
my understanding
the smaller is in play until the larger is touched and then the smaller is no longer in play