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FibboGatto by Jerry Gatto


FibboGatto 1

((c +
ref(c,-1) +
ref(c,-2) +
ref(c,-3) +
ref(c,-5) +
ref(c,-8) +
ref(c,-13) +
ref(c,-21) +
ref(c,-34) +
ref(c,-55) +
ref(c,-89) +
ref(c,-144)) /
c) *
-1

 

Adding closing price only on fib days 1,2,3,5,8,13,21,34,55,89 and 144and then dividing by today's close.
 


FibboGatto 2

mov(((c +
ref(c,-1) +
ref(c,-2) +
ref(c,-3) +
ref(c,-5) +
ref(c,-8) +
ref(c,-13) +
ref(c,-21) +
ref(c,-34) +
ref(c,-55) +
ref(c,-89) +
ref(c,-144)) /
c) *
-1,
34,e)

 

e-w-FibboGatto.gif
34 period mov avg of above indicator.
Look for crosses of the two indicators for positive or negatives.

Now, there are many whipsaws. I don't recommend this as a *system* atall, just as an indicator.
It really highlights some big moves but measuring it with the systemtestis useless.
You must use this as ONE of the tools -- not THE tool.

Regards, Jerry Gatto

Source / From: TOP
http://www.guppytraders.com

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