Chart example:
This template shows:
· The 60 Minute Opening Range (60MOR), its internal divisions and expansions;
· The swing .618/.786 retrace zone; and
· The swing 1.618 and 2.618 expansion zones.
The unique feature of this template is that it is designed to show only the relevant zones to current price action. Once price travels outside that zone, it disappears and the new zone appears.
Although this template is intended to be used intraday for index futures on
Minute, Range, Tick or Volume based Time Frames, it can easily be adapted for
use on larger time frames. The current Pesavento Swing parameters will need
to be fine tuned to your instrument and time frame.