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Just came across this fascinating thread. However the reference above is way above my abilities to create a spiral.
Is there any indicator for spirals (not circles) for use with NT 7
Thanks Don Laing - unfortunately from my inputs from different members
there is no NT 7/8 fib circle spiral indicator. I am using RT/Investor from
Linnsoft (Win & Mac) to see those spirals.
One has to be aware that the spirals only work on 1:1 charts - no skewing allowed.
Watch the chart of the DAX future 30m until today in the link given:
There are two spirals - the first one counter- clockwise and the second
clockwise. The tomorrow path is already given: down along the current
spiral and crossing red cloud.
You will see
Thanks, are you using default settings for spirals or customized Fib levels? I don't have spirals in Multicharts but it does have Arcs so trying to mimic the spiral settings. I can use normal fib levels but just want to verify with you once.
There are no special levels to choose from: in fact the fib spiral is "given on all levels". You only have to decide
if clockwise or counter clockwise (which is given from long or short).
Please read the wiki article some posts back and then you see how this indi works...
Not to compare with the normal Fibonacci indi where you can select your levels.