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Hi Adam & All,
No surprise here: As soon as you start using *Time* as a Fibo-Parameter
things are bound to go awry using programs like MS. This is because the
moment you change the proportions of the x- & y-axes all Fib's using
time as an input are changed too. The only way I know of obviating it is
to use a fixed proportion between the two - preferably using the Golden
Cut (or whatever it's called in English).
I know of at least one - German - Program that specifically addresses
this problem - being a Fibonacci Analysis only program. As I'm not a fan
of numerology - except for nice parlour tricks - I don't know it myself
but I could look up the name etc. for you.
Kind Regards & Happy Trading,
Jan Willem Roberts
VonHef wrote:
> If you want a MetaStock question......here it is:
>
> What good is the "Fibonacci Arc" in the MetaStock
> tool bar?!!?
> I have been studying and experimenting with its usage, but it
> seems useless and unreliable in MetaStock. As you zoom in/out
> or as the chart rescales, the price will literally jump around in
> relation to the Arc! Anyone else using this?
>
> Best wishes,
> Adam Hefner.
> VonHef@xxxxxxxxxxxxx
>
> ---------------------------------------
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