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How to use Filter in “Advanced Fibonacci Calculator”?

Advanced Fibonacci calculator comes with a filter that can be used to keep track of nearest Support and Resistance levels from Current price.

Lets consider the Nifty rise from 6212 to 6334. Enter these values in “To” & “From”. Now enter the current Nifty quote in the box “Current Quote Here”. If you set the filter at 0.5%, the calculator will highlight all the retracement values within (+)0.5% to (-)0.5% of current Quote.

If you are considering multiple rise and falls for retracement then you just look at the highlighted values (which may act as your immediate support or Resistance).

For a day trader, it can be very useful tool.

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8 COMMENTS

    • Thanks for your query!

      Filter helps to keep track of nearest Support and Resistance levels from Current price.

      Lets consider the current Nifty rise from 6212 to 6334. Enter these values in To & From. Now write the current Nifty quote in the “Current Quote Here”. If you set the filter at 0.5%, the calculator will highlight all the retracement values within (+)0.5% to (-)0.5% of current Quote.

      If you are considering multiple rise and falls for retracement then you just look at the highlighted values (which may act as your immediate support or Resistance).

      For a day trader, it can be very useful tool.

  1. Filter
    A mathematical routine that alters the price series. This may be achieved by measuring the movement of price around a moving average that smoothes the price data to remove noise. Alternatively filters may be used in developing trading rules to eliminate loss making trades.

    • Filter helps to keep track of nearest Support and Resistance levels from Current price.

      Lets consider the current Nifty rise from 6212 to 6334. Enter these values in To & From. Now write the current Nifty quote in the “Current Quote Here”. If you set the filter at 0.5%, the calculator will highlight all the retracement values within (+)0.5% to (-)0.5% of current Quote.

      If you are considering multiple rise and falls for retracement then you just look at the highlighted values (which may act as your immediate support or Resistance).

      For a day trader, it can be very useful tool.

  2. nifty11…Pls embed this detailed explanation about the filter on the website below the calculator itself. It will help new visitors know what the filter is for. Thx

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