by speakinmymind » Fri Sep 05, 2014 8:15 am
Could you create a static version of this indicator?
Instead of the moving average, there should be a horizontal line the user can drag up and down. Once set, there should be 20 levels with a user defined distance between them.
This should basically look like the basic Fibbonacci tool, and the user is draging the zero level to the desired price. The distance between levels are predefined using pips, ATR, etc. and not percentage of moves between points.
The idea is to test different formulas to determine the predefined distance between levels. For example, the difference in pips between specified moving averages could be used.