Forums > Fibonacci moving average?

 May 10th, 2007, 12:55 PM #1 crgarcia     Join Date: Dec 2006 Posts: 3,695 I'm about to make a "fibonacci moving average". It is a weighted MA in which each subsequent number is weighted dividing by the golden ratio: 1.618... Many other indicators can be fibonacci weighted. Quote
May 10th, 2007, 12:58 PM   #2
JimmyJam

Join Date: Oct 2005
Location: New York
Posts: 4,780
Quote:
 Quote from crgarcia: I'm about to make a "fibonacci moving average". It is a weighted MA in which each subsequent number is weighted dividing by the golden ratio: 1.618... Many other indicators can be fibonacci weighted.
Sounds good, I think you're on to something here.

I've tried several times to look at ways of automating fib ratios (which would allow me to stay in trades which are moving in my direction), but I've never succeeded.

So I hit'em up for a buck or two (2pts, \$100 ES as an example) and then call it a day - just being honest here.

Looking forward to the screenshots.

Jimmy Jam
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May 10th, 2007, 01:03 PM   #3
Opra

Join Date: Jan 2006
Posts: 173
Quote:
 Quote from crgarcia: I'm about to make a "fibonacci moving average". It is a weighted MA in which each subsequent number is weighted dividing by the golden ratio: 1.618... Many other indicators can be fibonacci weighted.
then you will find fibonacci perfect--always a ratio or a MA of ratio that act as support/resistance....
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May 10th, 2007, 01:07 PM   #4
cashmoney69

Join Date: Nov 2005
Location: AL
Posts: 3,544
Quote:
 Quote from crgarcia: I'm about to make a "fibonacci moving average". It is a weighted MA in which each subsequent number is weighted dividing by the golden ratio: 1.618... Many other indicators can be fibonacci weighted.
I just use a 13 and 21 MA...why not just do that?
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May 10th, 2007, 01:09 PM   #5
atticus

Join Date: Mar 2007
Location: USA
Posts: 12,879
Quote:
 Quote from crgarcia: I'm about to make a "fibonacci moving average". It is a weighted MA in which each subsequent number is weighted dividing by the golden ratio: 1.618... Many other indicators can be fibonacci weighted.
It's going to look a little silly shifted 60% under spot...

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 May 10th, 2007, 01:12 PM #6 stevegee58     Join Date: Feb 2004 Location: Frederick, MD Posts: 2,686 What a mind-blowing idea! And to think I've been basing my MAs on the phase of the moon. Quote