The Fibonacci Mean Distance Technical Indicator

Creating a New Technical Indicator Based on Fibonacci Distance

Contrarian techniques can be found from trend-following indicators. This article discusses how to do this using the Fibonacci moving average and the concept of mean-reversion.

It is finally out! My newest book with O’Reilly Media on candlestick pattern recognition is now available on Amazon! The book features a huge number of classic and modern candlesti…