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  #21  
Old 5th March 2008, 08:57 PM
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Default Re: Formula Help

Himadriji

What is the procedure for drawing Fibonacci Retracement Lines? Which Fibonacci retracement % is stronger?
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  #22  
Old 5th March 2008, 10:06 PM
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Default Re: Formula Help

Quote:
Originally Posted by slah04 View Post
Himadriji

What is the procedure for drawing Fibonacci Retracement Lines? Which Fibonacci retracement % is stronger?
First zoom main window by double clicking mouse. Open Fibonacci Setting and see the settings are as follows :-

0, 23.6, 38.2, 50, 61.8, 100, 127.2, 161.8, 216, 261.8.

For drawing retracement please select total lines 6. Press ok. Select arrow in right corner and select fibonacci lines (third from top). Press left mouse on recent major low and hold it and release it on recent major high. Fibonacci lines will be drawn on the chart. In retracement scale 38.2 & 61.8 have major significance.

Cheers

Himadri
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  #23  
Old 5th March 2008, 10:44 PM
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Default Re: Formula Help

Thks. And when are the Fibonacci Horizontal Lines required to be drawn?
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  #24  
Old 6th March 2008, 09:17 AM
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Default Re: Formula Help

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Originally Posted by slah04 View Post
Thks. And when are the Fibonacci Horizontal Lines required to be drawn?
Fibonacci Horizontal Lines are drawn to find time zone during major high and low and for that the scale will be as follows:-

1,2,3,5,8,13,21,34,55,89 etc.

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Himadri
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  #25  
Old 6th March 2008, 11:35 AM
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Default Re: Formula Help

Thks again. You are a big support!
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