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Fibonacci retracement: Golden ratio


Trading Indicator: Fibonacci retracement: Golden ratio
Created by: bug man on August 28, 2009.
The coding of this Technical Analysis method necessitated 10 lines of code.
The indicator is called 'Fibonacci_goldenratio' and it is created using JScript programming language.
It gets one argument. The parameter is:
lookback (Type: Number - Default Value: 0): Lookback period

Example:
p = Fibonacci_goldenratio(0);

Formula to display the indicator on a chart:
Plot(Fibonacci_goldenratio(0), "Fibonacci retracement: Golden ratio", colorRed);

Future and Past Bars:
The function has no look-ahead bias. It needs 0 previous bars.

Click on this link to download Fibonacci retracement: Golden ratio

Search terms used to find this trading item include golden retracement, fibonacci retracement ratios, fibonacci retracement, fibonacci retracement golden ratio, free fibonacci retracement software

The trading object is saved under the following categories: Technical Analysis

 Trading Indicators:
ForceIndex
Price and Volume Trend
Ease of Movement Indicator
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Buy Indicator
Drawdown: Long and Short

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