With this indicator, we have taken McGinley Dynamic lines at Fibonacci lengths (3 to 233) as well as the average of these values, labeled the DFMG (Democratic Fib. McGinley). Additionally, these values have been inputted into a table overlay. The cross of the FibMG(233) and the DFMG can be used as a signal for long or short.
The FibMG lengths of 3 and 233 are...
Ignores first x amount of bars to include in the calculation to prevent McGinley Dynamic from staying a flat line.
Usage:
The length is equal to 60% of regular length, for ex. 30EMA is input as 18 length
Trend tool, not ideal as a signal tool