V. 20:5 (83-88, 107-109): Traders’ Tips by Technical Analysis, Inc.

V. 20:5 (83-88, 107-109): Traders’ Tips by Technical Analysis, Inc.
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Traders’ Tips by Technical Analysis, Inc.

METASTOCK: Projected Fibonacci targets

In “Projected Fibonacci Targets” in this issue, Mohab Nabil introduces Fibonacci studies, which may be new to some readers. In MetaStock, it is very easy to apply Fibonacci retracements to a chart.

In MetaStock, bring up a chart you want to analyze. With your cursor, you can simply click on the Fibonacci retracements icon or use the Insert menu and select Fibonacci, then choose one of our four studies. It will then apply the study to your chart. The defaults of 23.6, 38.2, 50, and 61.8% will automatically appear. You also can customize any other numbers that you would like to have appear in your study.

—Scott Brown, Equis International, Inc. support@equis.com, www.equis.com

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