Fibonacci Ratios and Momentum by Thom Hartle Metastock Expert Advisors Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: In MetaStock for Windows, you can establish Fibonacci Retracement levels as outlined in the November 1997 TASC article "Using Fibonacci Ratios and Momentum" by Thom Hartle by first creating an Expert in the Expert Advisor. To do this, choose Expert Advisor from the Tools menu and then choose New. Enter the following Expert Highlights and Expert Symbols into your Expert.

Fibonacci Ratios and Momentum

Highlights

Name: RSI > 50
Condition: RSI(14) > 50
Color: Dk Green


Name: RSI < 50
Condition: RSI(14) < 50
Color: Red


Symbols

Name : Isolated Low
Graphic : Buy Arrow
Color : Black
Label : Isolated Low
Condition :

LOW < Ref(LOW,-1) AND LOW < Ref(LOW,1)


Name : Isolated High
Graphic : Sell Arrow
Color : Black
Label : Isolated High
Condition :

HIGH > Ref(HIGH,-1) AND HIGH > Ref(HIGH,1)

Author/Source: Thom Hartle

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