NDX weekly charts with Fibonacci Simple Moving Averages
Gerald Appel recommends an 8-17-9 MACD to generate buy signals and a 12-25-9 MACD to confirm a sell signal for a stock which has had a strong bullish move.
Stockcharts will not produce a 610 period simple moving average; 600 substituted for 610.
Leonardo Fibonacci discovered the series which converges on phi
In the 12th century, Leonardo Fibonacci discovered a simple numerical series that is the foundation for an incredible mathematical relationship behind phi.
Starting with 0 and 1, each new number in the series is simply the sum of the two before it.
The ratio of each successive pair of numbers in the series approximates phi (1.618. . .) , as 5 divided by 3 is 1.666..., and 8 divided by 5 is 1.60.
The table below shows how the ratios of the successive numbers in the Fibonacci series quickly converge on Phi or (|) . After the 40th number in the series, the ratio is accurate to 15 decimal places: