FIBONACCI formula

FTSEBOY

Member
87 0
Hi there,
Anyone out there know where I can locate a formula that I can bang into Excel so that it can work out Fibonacci retacements. Any thoughts on actually using this as an indicator would be most appreciated.
Cheers
FTSEBOY
 

bonsai

Veteren member
4,106 11
ftse
cant see the problem .
I use fibs but formula is a piece of pxxs ?

can you explain problem ?
 

FTSEBOY

Member
87 0
Sorry Bonsai I am quite new to this game so please accept my naivity. Well basically if I after the variable that the Fibonacci formula use i.e OHLC etc. I've managed to piece together a nice little spreadsheet for pivots, support S0.5 > S5.0 and R0.5 > R5.0 which seems to work very well. However, I am would like to combine Fibonacci retracements that will aid in my entry to the market. Do you find that FIBS work quite well or do you compliment them with other indicators/sources?
FTSEBOY
 

bonsai

Veteren member
4,106 11
dont quite follow your example but
fibs work well when they work. Like any indicator.

but fibs work very well in conjunction with elliott waves.
so you need to pick the correct highs and lows.
imo
 
 
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