Hi, just noticed that its possible to switch the fibonacci to the logarithmic scale in the options. Works good on the weekly BTC chart. I drew one for the whole bullrun 2015 to 2017, and the bottom in December is exactly at the 0.618.
@HiasFiat, Hi, Do you know how fibo levels in log scale can be calculated. I tried several times but i didn't get the formula. I supposed that we should multiple first impulse in percentage term with the fibonacci percentage ( ex. 61.8 , 78.60 , ...)
Shahbod7
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@HiasFiat,For example you have point A: 1 and point B: 2 and extension starting point C: 1,5. So for arithmetic it would be 3,12 for an extension fo 1,618 Fib. But how do i calculate it in log? The target for log extension fo 1,618 should be 4,62 in this case, but how can i do the calc manually?
Phantom_Puppeteer
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@HiasFiat dude how did you add fibonacci on logarithmic scale? also can u make it on fibonacci extensions too?
HiasFiat
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@suckerO_O, you can find it on the bottom of the fibonnaci settings, maybe you have to scroll down in the menu to see it.