Kreslik.com - traders community since 2006

Hi TRO.

I really like this indicator. I was just wondering what the projection lines mean and how we use the "in range" indicator


Thanks

Projection is where price is "projected" to move based on fib extensions.

"% in range" is where the current price is, in percent, using the support (0%) / resistance (100%) range.

Note: in the picture, since I used a shift of 1, the price is above resistance, so the % in range is above 100%.

Thanks TRO,

So if the percentage is higher, would that make a better trade? And if the percentage was lower would it make it a riskier trade or something?


Thanks TRO :d

Hi TRO,

What do the yellow arrows mean. I know what the green and red ones mean but what about the yellow?


Thanks

I see 3 arrows, one for the bar marking the high, one marking the low and the other marking the last bar counted. ie HI SupResHHLL(x).1

What yellow arrows?

Post a chart.