GM git..since youre a fib nut I have a little overlay you may like..have been running this through the strat tester and am very pleased with it.As you all know I have been working with HeatmapRSIs a lot lately and being a tweaking fanatic I came up with this overlay combination.
HeatmapRSI(7) Overlay an RSI(3) applied to typical price then overlay fibonacci retrace in same panel...be sure and include a .786 fib in the fib tool
Heres a weekly EUR/AUD chart using that overlay..if that sucker manages to break above .236 line its gonna be a real longwinded move but should once again get stymied by the .618 fib
Again..I really like this overlay in backtesting and find it brings a lot more logic to price fluctuations being able to see the RSI(3) reacting to various fib levels
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