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.
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?