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Fibonacci
Automatic Zig-Zag Measurement:
The Harmonic Analyzer (HA) is capable of automatically overlaying
zig-zag retracements and extensions to show various Fibonacci
relationships. The Zig-Zag feature can project retracements
and extensions within 0.01%,0.1%, 1.0% and 10% swings. This
tool is especially effective in determining common ratios within
specific markets.
Example:
These two charts of the Dow Industrials show the zig-zag
overly on an intraday and weekly time basis.
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