Comment on Latest update - Kite charts

Anand commented on 11 May 2017, 03:39 PM

Hi Akshay
Thank you for your reply, but still my question is unanswered.

I am not talking about any setting in Fibonacci, and i know where Fibonacci tool is available in the kite, i am saying to add new indicator that is Fibonacci Projection and that is different from Fibonacci extension which is currently available in kite. Please visit below link.

Fibonacci projection is widely used in Elliott wave theory, it is based on the basic 1 – 2 – 3 price movement, for an example 1 -2 is the first price movement, and it will retrace to 3 point, after the retracement we can project the next price movement measuring 1-2 swing like 127%, 161%….so on.

Hope you understand what i am trying to say, and hopefully it will be included in kite which is missing.

http://www.chart-formations.com/fibonacci/projections.aspx

Thanks

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