Here is a pic of my chart with fibs added to market emotion indicator.
Basically, I just created a copy of the Market Emotion indicator and changed the lowmidpoint to .382 and the high midpoint to .618.
I then use BOTH indicators, the original market emotion which plots high/low, 50%, and halfway between 50 and the high (.75) and halfway between 50 and the low (.25)
and my new Market emotion plus, which still includes the high low and mid (50%) but also adds the 2 fib lines. Chart attached.
It gets a little busy with all those lines, but I find the market often respects the fib levels.
Basically, I just created a copy of the Market Emotion indicator and changed the lowmidpoint to .382 and the high midpoint to .618.
I then use BOTH indicators, the original market emotion which plots high/low, 50%, and halfway between 50 and the high (.75) and halfway between 50 and the low (.25)
and my new Market emotion plus, which still includes the high low and mid (50%) but also adds the 2 fib lines. Chart attached.
It gets a little busy with all those lines, but I find the market often respects the fib levels.

