Using Fibonacci indicators and dynamics

Using Fibonacci indicators and dynamics
In MetaStock for Windows, you can establish Fibonacci retracement levels as stated in November 1997 TASC article "Using Fibonacci ratios and momentum from Tom Hartle of the first creation of an expert in the Expert Advisor. To do this, choose Expert Advisor from the Tools menu and then select New. Enter the following expert highlights and symbols expert in your expert.
Fibonacci indicators and dynamics
Headlines
Name: RSI> 50
Condition: RSI (14)> 50
Color: Green DK
Name: RSI <50
Condition: RSI (14) <50
Color: Red
Symbols
Name: Isolated Low
Condition: low <Ref (Low, -1) and
LOW <Ref (Low, 1)
Graphic: Buy Arrow
Color: Black
Label: Isolated Low
Name: Isolated High
Condition: HIGH> Ref (High, -1) and
HIGH> Ref (High, 1)
Graphic: Sell Arrow
Color: Black
Label: Isolated High
Note: If the symbol labels make the chart too busy, you might want to shorten the label (eg change Isolated High to IH).
Next, near the expert advisor, open any graphics, and then click the right mouse button on the table heading. Choose Expert Advisor and then attach the table menu. You can now select Fibonacci retracement from the menu Insert, and then drag from one extreme to the other isolated. In MetaStock 6,5 you right-click on the Fibonacci retracement lines and you should choose Properties. Check the size of the field and price retracement lines will automatically snap to the high and low prices. If you followed these steps correctly, your table should look like below.