Within the code is additional greyed-out lines which could be activated allowing you to target the open or close, instead of the High-Low - the current settings Nearing the red line can indicate that the security is oversold - and the converse is also true. Like Bollinger bands, the green and red "average" lines can help to indicate that a security is oversold or underbought according to how close it is to a recent average. STOP LOSS - Possible stop losses could be at lower red level TAKE PROFIT - Possible take profit targets could be on the approach to a previous green level In addition, the amount of ghosts above and/or below are indicative of recent price action taking place at a higher or a lower levelĬURRENT PRICE IS LOWER THAN RECENT PA - There will be many green ghosts above, but few or no red ghosts below.ĬURRENT PRICE IS HIGHER THAN RECENT PA- There will be many red ghosts below, but few or no green above When multiple greens overlap it is an indicator of a lot of recent price action at that level. They diminish in intensity (they become more transparent) as these ghosts move back further in time. The "ghosts" can be used as possible support and resistance levels.
The guide lines, red and green, are averages of the highs (green) and the lows (red). Each green and red "ghost" is a reflection of the highest highs and lowest lows of a given FIB lookback. This indicator is front weighted by using the Fibonacci integer sequence. Shadows of previous Fibonacci look-back levels provide possible entries, stop losses, and take profit levels for intrepid crypto travelers. your alpha and omega, your crypto king reigning wisdom down from my gilded throne of code!Įnjoy the spooky Fibonacci Ghost Cloud. This is your dark knight in the crypto light.