| DYO: ATR Fibonacci Bands |
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Q: I bought a book and in it he has Fibonacci bands instead of lines. Any help you can give me here will be greatly appreciated. It says something about Average True Range to use. I would like to save it as a template if possible this way i can put it on all my time frames.
A: Put a Moving Average study on the chart and configure it for Exponential formula and a period of 34. Put a Design Your Own (DYO) study on the chart and configure its properties as shown in this image. Then click on the template button and save the pair of studies as a template. It can be applied to any chart.