Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,103
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The Fibonacci Cluster V14 (current version) indicator cannot be compared to the Nexgen indicator. It only plots
-> prior highs and lows
-> retracements
-> expansions
but does not identify projections and alternates. Also it does not show confluence areas as a single line.
Actually it is an experimental indicator, which has its merits, if you filter away some of the lines. Although I have coded it, I do not use it for my trading.
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