Thread: Fib. Reverse Engineered.

89413

Originally Posted by ;

Let's look at it this way.
No particular Pair no particular price but IF;

47 percent = 100.00

52 percent = 105.00
THEN
62% = The Price Value of 52% an Additional 10%.
(the gap between 62% 52 percent )

How can I understand what value to attribute to 10%?
Simple:
105.00 - 100.00 = 5.00 that is Also = to 5%. 52 percent - 47%
If 5% = 5.00 Pips,
Afterward 1 percent = 1 Pip.
If 52 percent = 105.00
Afterward 62% = 105.00 10. Or 115.00

I really can understand why this is confusing to most but it will make sense when you get there.

Yes I understand the principle behindthe matter is I'm trying to get the exact percentage to add/substract to the fib tool when you plot actual 0 and 100 levels would actually be 46,56 and 53,44 and provide all the rest of amounts entailed... getting there gradually, anyway

89413

Originally Posted by ;

Yep, I got that section

Looks like it works

Yup, that's exactly what I got too.

Any forecasts? ...

89413

Originally Posted by ;

The two you men Cobra Ken appear to be getting a handle on ICCE.

What do you believe? Is it worth persuing the Indior?

Yep, what we want is a similar, but outside fibtool as the original MT4 has comprised.

It should start to draw (the typical reddish fib line) on 47.2% and finish on 52.8% and we're done, rest is calculated by the indi.

89413

Originally Posted by ;

Hey Ken, maintenance to specify the 33.79% Line?

A buddy of mine told me he got that line from a man who shares shares. I never researched it, just threw it on my own fib instrument and whaddaya know? Price bounces frequently.

Consider the candlestick chart from this article.

89413

Originally Posted by ;

I know the 47 - 53 fib could be a consideration zone but you can beat me and I can not get how you activate the fibs, in which is 0.00 and 100% on your chart?

Do not have sufficient historical Price data on this platform to become particular. Best I can do is show an image.

894131 Structure (s)

Originally Posted by ;

yep, what we want is a similar, but external fibtool as the first MT4 has comprised.

It must start to draw (the typical red fib line) on 47.2percent and finish on 52.8percent and we're completed, rest is figured by the indi.

Exactly!


BTW, not only did my chart suit yours to this pip, but my values have been calculated using a different core range (47-53).

89413

Originally Posted by ;

Just!


BTW, not only did my chart match yours into the pip, but my values were calculated using a different core range (47-53).

The decimal areas have very little effect on Charting.
That's why I was not too concerned about if it was calculated @ 47.21 or 47.22.
The Actuals are 47.2136 52.7864

89413

Originally Posted by ;

Any forecasts? ....

I'm not using the indior yet. I need to study it more. But I manually fibbed out a channel on the eurusd and I have a buy order in @ 1.3205- targeting 1.3230 (or the 38.2 Fib) for my own TP.

It should be understood I plotted the channel with a line chart.

89413

Originally Posted by ;

The decimal places have very little impact on Charting.
That's why I was not overly concerned about if it was calculated @ 47.21 or even 47.22.
The Actuals are 47.2136 52.7864

The core range worth I spoke of are price ranges. Cobra interpreted a different high and low price for the (roughly) 47-53 range, nevertheless we ended up using the same fib expansion values.

89413

Originally Posted by ;

I'm not using the indior yet. I want to study it more. But I fibbed out a channel on the eurusd and I have a buy order in @ 1.3205- targeting 1.3230 (or the 38.2 Fib) for my TP.

It should be known I plotted the channel using a line chart.

Well that went real swell.