Robert24

Arrow tool for measuring distances.

FX:USDJPY   U.S. Dollar/Japanese Yen
517 1 1
I went through all 55 distances on my calculator and came up with 10 fairly good approximations using a sorted ascending list. Unfortunately, this is not going to work with a circle because the scale is throwing the visual radius way off. If the angle is more vertical it may be 2x higher than it should be but gives a small value. When 2 points are approximately the same price level the reading isn't bad. Unless there is a way to calculate this so I am getting readings that equate to more of a circle radius I'm afraid it isn't going to work. Visually with the fib circles gives a much more accurate reading. It's still a cool tool but I can't use it for what I wanted.***The remainder of what I wrote here was because I thought it would work for my purposes...as usual the scale screws up all visual reference to reality. I can turn a 60 degree angle into a 30 degree angle just by changing the y/x scale.
This is another cool tool in the tool box on the left. It MEASURES DISTANCES. Just set one end on an anchor point (use the MAGNET MODE just above the question mark at the bottom left of the screen).
All charts have recurring distances, just like everything else that repeats...angles, channels, price levels, etc.
Check it out. I am going to set it up for doing circles with the Fib Circles tool. Of course it doesn't do distances, but I will just use the ratios between the distances, then size the fib circle overall according to one major shoot point (center). I set the smallest circle in the Fib Circles to .1 to use for a circle center...and the overall Fib circle size will be set by lining up the distances.
By the way I set the numbering up wrong. It sounds like a lot to go through, but in 10 total points there are actually only 45 distances you need because 1,6 is the same distance as 6,1 or 2,7=7,2. In this case the red 1 should have been 11...so 55 measurements.
Just write all the numbers out in ascending fashion. 12,13,14,15,16....23,24,25,26...then go through and cancel all repeated distances, or write out the numbers you need ahead of time and cancel all doubles. Then...I will put all the numbers in my TI-85 and sort ascending... to see the close correlations, in fact I can even set up a graph to do it too. probably a histogram. Just looking at an ascending list is a quick way to see correlations.
Dear Chartist, We are looking at how you are using the tool. Thank you for being interested in discovering new methods within the tool-box, sometimes there are breakthroughs for chartists with these examples. Sincerely, CCC
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