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Old 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.
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Old 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.

Good trading,

Jimmy Jam
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Old 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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Old 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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Old May 10th, 2007, 01:09 PM   #5
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,867
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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Old 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.
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