ChartFibonacci Numbers - What numbers can be used for trading indicator settings?

#1
Fibonacci Numbers - What numbers can be used for trading indicator settings?

When looking for an ideal number to use for your indicator or Moving Average settings, Fibonacci Numbers can be used.

Here are all the Fibonacci numbers you can use when adjusting your trading indicators 👇

1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610

It is not recommended to use anything higher than 233 as this would cause a lot of lag.

Next time you're working with a technical indicator and you find it hard to experiment with a number, don't just try a random number, instead, use these numbers whenever you're trying to adjust your indicators.

How are these numbers formed as part of the Fibonacci Sequence?

Fibonacci numbers are found by adding up the two numbers before it, together.

This-is-how-the-Fibonacci-Sequence-is-formed.jpg

Did you know?

Several indicators and traders already utilize the Fibonacci numbers in their indicators and systems:

  • Trader, Raghee Horner, famously uses the Fibonacci number of 34 to construct her GRaB Candles and 34 EMA Wave.
  • Dean Malone, author of the Traders Dynamic Index indicator, uses the Fibonacci number of 34 for the yellow Median Base Line (MBL) settings in the TDI.

Can you show me an example of Fibonacci numbers used in indicators?

Sure. Here is a example template which comes with two Exponential Moving Averages, both using Fibonacci numbers as their inputs 13 & 55.
Fibonacci EMA Cross.tpl
(8.38 KiB) Downloaded 46 times
Fibonacci Numbers in Moving Averages Cross.png
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Re: Fibonacci Numbers - What numbers can be used for trading indicator settings?

#2
Jimmy wrote:
Mon Aug 30, 2021 11:18 pm
When looking for an ideal number to use for your indicator or Moving Average settings, Fibonacci Numbers can be used.
Thanks Jimmy for this thread on Fibonacci numbers. I like to use them more than any other number, they are my favourite 😍💯

For my own use, here are the Fibonacci numbers I like to use:
- Short term : 8
- Medium term : 21
- Long term : 144
So I use 3 in total most of the time which are 8, 21, 144.

Re: Fibonacci Numbers - What numbers can be used for trading indicator settings?

#3
Merylfx wrote:
Thu Sep 30, 2021 8:57 pm
Thanks Jimmy for this thread on Fibonacci numbers. I like to use them more than any other number, they are my favourite 😍💯

For my own use, here are the Fibonacci numbers I like to use:
- Short term : 8
- Medium term : 21
- Long term : 144
So I use 3 in total most of the time which are 8, 21, 144.
Great combination mate. You've got it!

Thank you commenting your setup for us. This gives new traders a good guide :)
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.


The brand new FBS Forex Calendar 🗓️
How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart


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