Registered User
Joined: 12/19/2004
Posts: 415
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In the Worden report, Sir Cluster mentions these. What are they and how does one add them to a chart?
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Administration
Joined: 9/30/2004
Posts: 9,187
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"In the upper window with the price bars - Overlay 3 Fibonacci natural ratio growth and decay simple moving averages. Use 5 (RED) for the MINOR TREND, 13 (YELLOW) for the INTERMEDIATE TREND, and the 34 (DASHED CYAN) for the PRIMARY TREND. "
5, 13 and 34 are numbers in the Fibonacci sequence:
1 2 3 5 8 13 21 34 55 89 144 233 377 610 987 1597 2584 4181 etc
Just add 3 moving averages with periods of 5, 13 and 34.
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Registered User
Joined: 12/19/2004
Posts: 415
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Thanks
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