What is the golden ratio indicator in TradingView? (2024)

What is the golden ratio indicator in TradingView?

This Golden Ratio indicator automatically plots 5 support levels and 5 resistance levels based on the golden ratio for current timeframe. It shows a possible price range for current session, you can easily identify the major and minor support/resistance levels from the chart.

What is Golden ratio in TradingView?

This indicator is a modification of the popular Ichimoku indicator, build high/low channels using the Golden Ratio, Volume-weighted average price allows smoother components. high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).

What is the Golden ratio indicator?

The Golden ratio--1.618--is derived from the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci. In the sequence, each number is simply the sum of the two preceding numbers (1, 1, 2, 3, 5, 8, 13, and so on).

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What is the golden zone indicator in TradingView?

So, the "Golden Zone" indicator is like a magic tool that helps people who trade in the stock market find valuable things to buy or sell. And with its ability to identify key support and resistance levels, it can help traders make better-informed decisions when buying or selling stocks.

What is the most attractive golden ratio?

A visually balanced face is approximately 1.618 times longer than it is wide. The distance from the top of the nose to the center of the lips should be around 1.618 times the distance from the center of the lips to the chin.

Why is the golden ratio so good?

The Golden Ratio is a mathematical ratio you can find almost anywhere, like nature, architecture, painting, and music. When specifically applied to design specifically, it creates an organic, balanced, and aesthetically pleasing composition.

How do you trade golden ratio?

When traders use the golden ratio in their technical analysis, the ratio is usually translated into three percentages: 38.2% (often rounded to 38%), 50% and 61.8% (usually rounded to 62%). Having said that, traders can use more multiples when necessary, such as: 23.6%, 161.8%, 423%, 684.4% and so on.

How do you use golden ratio?

One very simple way to apply the Golden Ratio is to set your dimensions to 1:1.618.> For example, take your typical 960-pixel width layout and divide it by 1.618. You'll get 594, which will be the height of the layout. Now, break that layout into two columns using the Golden Ratio and voila!

What is the golden ratio of God?

This ratio - 1.618 - is an approximation of its true value of [1+√5)/2]. This ratio has served mankind in three ways: it provides beauty, function, and reveals how wise, good, and powerful the Creator is.

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What indicator for gold scalping?

Having said that, the following are a few popular indicators for gold scalping: 1. Averages that Move: Exponential Moving Averages (EMAs): Short-term EMAs, such as 5- or 10-period EMAs, might assist in helping to identify short-term trends and potential entry / exit points.

What is Michael B Jordan's golden ratio face?

With a score of 93.46%, Jordan is the third most attractive man, right behind actor Chris Hemsworth, who scored 93.53%. The golden ratio rates the “correctness” of a person's facial features. British facial cosmetic surgeon Julian De Silva provided the calculations.

Does my face match the golden ratio?

First, the length and width of the face are measured. Once this is done, the length is divided by the width. The ideal result is considered the Golden Ratio which should equal 1.6. This means a beautiful person's face is about 1 ½ times longer than it is wide.

What is an example of the golden ratio in real life?

Faces, both human and nonhuman, abound with examples of the Golden Ratio. The mouth and nose are each positioned at golden sections of the distance between the eyes and the bottom of the chin. Similar proportions can been seen from the side, and even the eye and ear itself.

What did Fibonacci say about the golden ratio?

The Golden Ratio is a relationship between two numbers that are next to each other in the Fibonacci sequence. When you divide the larger one by the smaller one, the answer is something close to Phi. The further you go along the Fibonacci Sequence, the closer the answers get to Phi.

What is the most pleasing shape to the eye?

The most aesthetically pleasing images are all based on the golden ratio. The golden ratio is, put simply, a rectangle a little more than 1.6 times wide as it is high.

What time frame is best for Fibonacci retracement?

The best time frame to identify Fibonacci retracements is a 30-to-60-minute candlestick chart, as it allows you to focus on the daily market swings at regular intervals.

Is the golden ratio the same as Fibonacci sequence?

If you want a one-word answer, it will be a NO. The Fibonacci sequence is a sequence of numbers and the golden ratio is the ratio of two numbers. The ratio of two consecutive Fibonacci sequence numbers is not constant, it approaches the golden ratio the bigger the pairs are.

What is the best Fibonacci retracement setting?

The most popular Fibonacci retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38%, and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback.

What is the magic of the golden ratio?

“The golden ratio is all about blank space and its relation to the 'pay attention' space,” says Berndt. “There's only so much that people can take visually. This is a guiding principle to help you understand the limits of human attention so you can create something that is aesthetically pleasing.”

Is the golden rule from Jesus?

The "Golden Rule" was proclaimed by Jesus of Nazareth during his Sermon on the Mount and described by him as the second great commandment. The common English phrasing is "Do unto others as you would have them do unto you".

What is the power of golden ratio?

The Golden Ratio formula is: F(n) = (x^n – (1-x)^n)/(x – (1-x)) where x = (1+sqrt 5)/2 ~ 1.618. Therefore, phi = 0.618 and 1/Phi. The powers of phi are the negative powers of Phi.