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2.618 Projection Tool

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Here is an easy way to calculate Koolblues price projections using your Fib retrace tool.

Disabling all the other levels will keep screen clutter down, although some people (myself included) like to enable the 1.618 level as well.

By opposite direction I mean: In the example above, If I wanted to draw a Fib retracement I would have started my line at the top and drawn down. To get a projection I started at the bottom and drew up.

By using this method your charting package will automatically draw the 2.618 level on your chart without you having to break out your calculator or do the math in your head to get the price projection.

Great. I'll see how I can put this into Ninja.