Multiple Fib Indicator

Beginner Questions
1

Plotting multiple fibs on your chart is handy, but they don’t half clutter your chart, here’s a handy little indicator I designed.

Download it:-
Multi Fib

2

It’s ‘beautiful’.

But exactly WHAT is it showing (forgive my ignorance i.e. you know I’m not a ‘fibo man’)??? LOL!!!

(I cannot stand to see posts where nobody has replied)!!! LOL!!!

Regards,

Dale.

Edit (I’m assuming you’ve not seen this post of mine as yet):

What are ‘Fibonacci Clusters’ as you understand them??? I read about them in John F. Carter’s book ‘Mastering The Trade’ but he doesn’t explain what they are (as a matter of fact he even admits that he gets them calculated by someone else who ‘specialises’ in them).

Edit 2:

If you think I’m ‘OCD’ take a look at this: Apostrophe Protection Society!!! LOL!!!

3

Wow it looks great. I like it.:cool:

4

Me too. Though and understood nothing.

5

Only just seen it!

All it does is instead of having to put maybe 3 different Fibonacci plots on your chart, like when you might plot one on your 5 mins chart, then another on your 1 hr, then another on your 4 hr, in which case you get lines all over the place, instead they are presented nice and neat in the columns on the right.

6

I use multiple fibs in some situations of my trading. They do get very messy on my charts, though different line colors and styles help. I like the idea of displaying the fibs in a neat column to the right, where they don’t interfere with observing price action.