PROTECTED SOURCE SCRIPT
Fibonacci Cluster
Fibonacci Cluster can be used for live day-trading to anticipate possible movements.
Ever line is a Support and Resistance level.
Median = Middle Line
R1 & R2 and S1 & S2 are possible reversal zones.
Upper Limit and Lower Limit are stronger levels.
Conditions:-
Ever line is a Support and Resistance level.
Median = Middle Line
R1 & R2 and S1 & S2 are possible reversal zones.
Upper Limit and Lower Limit are stronger levels.
Conditions:-
- If the Lower Limit line is horizontal and the stock is moving upwards along with the Upper Limit Line, such movements indicates bullish trend.
- If the Upper Limit line is horizontal and the stock is moving downwards along with the Lower Limit line, such movements indicates bearish trend.
- If the price of a stock is at Upper Limit and still moving upwards along with the Upper Limit line, such movements indicates strong bullish trend.
- If the price of a stock is at Lower Limit and still moving downwards along with the Lower Limit line, such movements indicates strong bearish trend.
- When the cluster in expanding outwards in both directions, such movements indicates increase in volatility. The trend is strong.
- When the cluster is contracting inwards from both direction, such movements indicates that the stock will now move sideways.
Script protegido
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