Extension Filled

Fibonacci is only in your head.

If you want to say closer than 2/3 of the way, why isn’t “less than” 66% good enough for you, what do you need that 61.8% for?

Fibonacci does not own a patent for “Extension” just as 50% and 150% are not Fibonacci Numbers. The market progresses in 50% increments, not 62.8 and not 25.7

A low volatility market can turn on a dime, and any low volatility market does not exceed a stretch of 3x maximum fluctuation size from the mean.

Shouldn’t you be trying to figure out the maximum fluctuation size of your instrument, the identity of the mean and obtain a Projected Distance 240 from me in exchange for some donation? I certainly think so.

     if (iHigh(NULL,240,i+1)-iLow(NULL,240,i+3)>ATRAVG[1] && iHigh(NULL,240,i+1)>iHigh(NULL,240,i+3)) {
             LowBuffer[i]=iHigh(NULL,240,i+1);
             HighBuffer[i]=iHigh(NULL,240,i+1)+(iHigh(NULL,240,i+1)-iLow(NULL,240,i+3))*.5; 
             
             if (Period()==240 && i>2){
               j=i-1;
               while (j>0){
                  if (High[j]>HighBuffer[i] && Close[j]<HighBuffer[i]) break;    
                 j--;            
               }
               if (High[j]>HighBuffer[i] && Close[j]<HighBuffer[i] ) {
               
                                
                 ObjectCreate(0,"Projected"+i,OBJ_TREND,0,Time[i],HighBuffer[i],Time[j],HighBuffer[i]);
                 ObjectSetInteger(0,"Projected"+i,OBJPROP_RAY_RIGHT,false);
                 ObjectSet("Projected"+i,OBJPROP_COLOR,clrRed);
                 ObjectSet("Projected"+i,OBJPROP_WIDTH,3); 
                 ObjectSet("Projected"+i,OBJPROP_BACK,1); 
                 
                  ObjectCreate("Projected"+IntegerToString(j), OBJ_TEXT, 0, Time[j+2], HighBuffer[i]+20*Point);  
                ObjectSetText("Projected"+IntegerToString(j), "Extension Filled!", 16, "Arial Black",  clrCrimson);
                 
                 
                 }
             }
             
         }

Welcome to my world of qualifying moves and target projections.