Fibonacci "Cluster" Question

Shinthus

Shinthus

Member
2019 Donor
I've seen the power of Fib retracements before, although beit very seldom because I'm not the best user of the strategies associated with Fibonacci. SimplerTrading uses Fibs and here's a video with an example of what they call a "fib cluster." Go to 1:35 and she'll mention it.


They are thought of as powerful levels of support/resistance and I would like to see if it's possible for us to get something similar to use. Even better, if someone could link us to instructionals on how to draw them correctly. Pretty sure this is one of ST's paid things but there might be some code out there. They don't have the best reputation regarding indicators.... especially considering how much they charge for them.
 
BenTen

BenTen

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At 1:35 she mentioned "...also been holding this Fib cluster right here that came in at the 50 simple moving average..." And that was it.
 
markos

markos

Well-known member
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@Shinthus I'm surprised you didn't find them. There is a boat load of Fib stuff in the Onenote. Auto-Fibs, Fib Fans.
Find them in .03 Technical indicators>S/R or Support/Resistance...
 
markos

markos

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@Shinthus Investopedia.com has all anyone needs to know about fibonacci's. It's short, sweet and complete.:):)(y)
 
horserider

horserider

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The Fib cluster is made by simply selecting two different sets of fib points and seeing how they align. If there is a grouping then they are calling it a cluster. As far as I know that is what it is. So get out your drawing tool and go for it.
 
Shinthus

Shinthus

Member
2019 Donor
Ah holy crap you're right @horserider. Draw Fibs within fibs to get clusters. I was overthinking it, lol. Very nice. I see why it provides very strong res/sup. And hell yeah, @markos. I'll have to dive into that part of the Onenote.
 
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