Press the icon above to toggle Encapsulation© On or Off.
Encapsulation© shows the “next” time period bar on the
same chart as the “own” time period.
The Fibonacci Ranger (FIX) tracks the past "n" number of bars for it's
calculations. The default is set to 3 bars. To use this indicator, click
on the Fix Fibo Ranger button on the Toolbar and then click on a high or
low bar. If applied to a high in an up trend, the Fibo Ranger will search
for the lowest low of the past 3 bars, ignoring inside bars, and then plot
a Fibonacci Ratio of 1.764 up and down from that point as a white dashed
line. These lines set up possible support and resistance points for
Every time the market makes a new high or low, you can re-plot the
Fibonacci Ranger. Do not change the parameters until you have determined
whether the 1.764 value is not valid for the instrument you are trading.
This tool is not intended to be used by itself but as part of a trading
plan Its purpose is to add confidence to new trades taken on a valid
The Live Fibo Ranger functions in exactly the same way, but the program chooses the highs and lows automatically.
Probability Fibonacci Zones
Press the icon above to toggle the Fibonacci Zones Next Period On or
Off. These zones show possible support and resistance areas.
you press this button on an INTRADAY/DAILY/WEEKLY chart the
actual High Probability Fibonacci Zones table for the active symbol
will show on the screen.
zone probabilities are calculated using the daily data for the
symbol. The number of daily bars for the charted symbol is shown in
the probabilities window. For example, '# DAILY BARS 3323' means
INTC has 3323 daily bars in its file.
Close Zone is the zone in which the daily bar closed the previous
day. Open Zone is the zone in which the daily bar opened today.
In the example above, the probability table shows that the close
zone = 3 and the open zone = 3. Zone 3 is highlight in blue.
Looking to the zones to either side of the highlighted zone (i.e.
zone 2 and zone 4) we can see that historically 60% of the time
prices reached zone 2. If zone 2 was reached we will then know that
this zone acted as valid support 63% of the time. We also know that
there was only a 22% chance that Zone 1 will be reached and if it
was reached there was a 31% chance that it acted as support. Since
Zone 1 is an extreme, prices tended to go back to zone 2.
On other hand, 80% of time prices reached zone 4. When zone 4 was
reached, 57% of the time it acted as valid resistance. 35% of the
time zone 5 was reached and in these cases 64% of the time zone 5
acted as valid resistance. We also know that 12% of the time zone 6
was reached and in these cases 56% of the time it acted as valid
resistance. Since Zone 6 is an extreme, prices tended to go back to
Zones Higher Period
Press the icon above to toggle the Fibonacci Zones Higher Period On
or Off. These zones show possible support and resistance areas based
on the chart’s highest period.
John Jackson Zones
are support and resistance zones.
They also generate probabilities tables as the Fibonacci Zones Next Period
do. The zone probabilities information is used in the same way as the
Fibonacci Zones Next Period probabilities table.
Trading any market carries a high level of risk, and may not be suitable for
all investors. The high degree of leverage can work against you as well as
for you. Before deciding to invest you should carefully consider your
investment objectives, level of experience, and risk appetite. The
possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with
trading, and seek advice from an independent financial advisor if you have
* The Views and opinions represented in the provided website
links and resources are not controlled by the Referring Broker or the FCM.
Further, the Referring Broker and the FCM are not responsible for their
availability, content, or delivery of services.
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