|The Fibonacci spiral is one of the greatest tools produced by the amazing Fibonacci sequence and numbers. It is considered by many traders to be the ultimate tool for predicting human behavior in the financial markets. The formation of a Fibonacci spiral can even be seen in nature on shells, petals of flowers, seed heads, the arrangement of leaves and stems, and even in glaxies.
Fibonacci spiral is a special spiral that grow from the center in the Fibonacci ratio 1.618, which is also called the golden ratio. Every time the spiral makes a full turn it extends it self by Fibonacci ratio.
This indicator will plot Fibonacci golden spiral on the chart. It is very easy and very flexible to use, however you have understand the initial settings before you use it.
– radius: is the initial radius for drawing the spiral.
After the indicator initialize it will draw square and a spiral. If the square is not correctly scaled you can resize it and the spiral will be redrawn on the next coming price tick. You should rescale the square until you get the desired shape for the spiral.
I hope you like the indicator.
Hoe to USe this Ultimate Indicator?
Please explain in details
Thanks in Advance
31.10.2012 12:49 adityakhanna
А че никто не пишет никаких коментарий? меня интерисует например правильность построения спирали…
как этот квадратик и куда его лепить?
на вершины ?
есть какие мысли по этому поводу?