Golden Ratio support and resistance indicator and Explorer for MetaStock

The golden ratio is also called the golden mean or golden section.

It has been used to analyze the proportions of natural objects as well as man-made systems such as financial markets.

The mathematics of the golden ratio and of the Fibonacci sequence is intimately interconnected. The Fibonacci sequence is:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, ....

The golden ratio is the limit of the ratios of successive terms of the Fibonacci sequence (or any Fibonacci-like sequence).

This Golden Ratio indicator automatically plots 5 support levels and 5 resistance levels for intraday timeframe.

It shows a possible price range for current session, you can easily identify the major and minor support/resistance levels from the chart.

It is very easy to use with no complicated parameters waiting for you.

All you need to do is to load it to your chart.

This indicator is specially designed for intraday trading, so it only works on intraday chart type, such as 1 Minute, 5 mins or 1 hour.

The levels of support and resistance are formed at the beginning of a new session, and it will never repaint.

You can get this product for free if you use Promo Code:patternsmart3for1 when purchase MetaStock Subscription.
For more details please click here, Promo Code: patternsmart3for1

The Explorer scans securities that have recently broken through the top resistance level or the bottom Support level of Auto Golden Ratio S&R indicator.

Please note that this Explorer only works on Minutes interval.