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Sparrow

External Fibonacci Cluster Identification Tool

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I wrote this application a few months ago but it's not very sophisticated.

The program calculates fibonacci confluence based on the input of several fibs. Maybe someone can find some value in it.

 

It requires .net installed but that should be all you need. If someone is interested I can provide the source code.

 

Cheers

FibonacciCluster.zip

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I want one that can automatically draw Fib Cluster on a chart without me lifting a finger. I think a vendor by the name of Roy Kelly has something like that. Does anyone have experience using it or something similar ?

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I want one that can automatically draw Fib Cluster on a chart without me lifting a finger. I think a vendor by the name of Roy Kelly has something like that. Does anyone have experience using it or something similar ?

 

 

nexgen has one.. it costs 14k... lol

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zdo,

 

it was my first and only real app in C#. I dunno VisualStudio(still on 2003 atm) that well yet, couldn't really find an export function for projects, that's why I zipped the whole thing. Hope you can get it to work if you're interested.

 

Btw the program runs out of colors for signaling confluence if there are a lot, never bothered to correct it.

 

Cheers

FibonacciClusterSrc_v09.zip

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A few things could be improved:

 

- Make fib levels configurable

- Only print values in the table with confluence instead of using colors

 

But I've lost interest and have a few other projects that'd pay off better.

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Hi pajusa, sorry I haven't used in a long while, and as coders are we're not very good at doing documentations if not to say abhor it. :D

 

As far as i know, insert the fib range numbers in the first 2 columns.

 

Let's assume 1.5330 to 1.5390, the 3rd column is for setting a value within two fib values have to be to produce a cluster.

E.g. 0.0003

 

Hope it makes sense and didn't confuse people even more.

The program it is still a very crude, I was just toying with ideas and as fickle as I can be, quickly abandoned them. There's a lot of room for improvement, which I am unfortunately not intending to do.

 

Cheers

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sparrow,

 

Thanks for the pointers, I have attended some of her sessions, she still is not that forthcoming. nevertheless it helps, I am going to look for her book.

 

Your fib cluster tool is an equally good start. I still did not understand the third column.

 

 

Thanks

 

paju

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pajusa,

 

thanks for the link, I have no idea if she is really trading, with all the writing and seminars she does I guess she'd be well off without it.

 

Since values by fibs don't always match to the pip/tick it's necessary to allow them to be within a range of each other. Let's say you're satisfied with values which are 5 pips apart, for the EURUSD that'd be 0.0005.

 

Maybe that's a better explanation.

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Dunno, experiment. Depends a lot on your instrument, the time frame you trade and probably some more parameters I haven't mentioned.

I never used it for anything else than entertainment and feeling smug.

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