Skip to main content
Track Fibonacci time cycle
7 / 14
Search the archiveLibrary
Library

1998issue C051-3

Constructing support-resistance oscillators and Fibonacci time zones

Confirm swing extrema with an odd-length window, keep a short stack of those prices, compress stack occupancy into a 0 to 100 reading, and count Fibonacci time zones forward from a chosen start date.

  • A new support or resistance price is stored only when the center bar of an odd-length swing window is that window's extreme, then earlier prices shift one slot in a fixed-length stack.
  • The support-occupancy oscillator and the resistance-occupancy oscillator are 0 to 100 occupancy counts; each stays at 0 until the farthest stack slot is filled.
  • Stacked swing prices are drawn as isolated points, not as a connected line.
  • Fibonacci time-cycle flags mark later bars whose elapsed count equals a chosen Fibonacci integer and may be shown as a histogram on the price pane or on a separate pane.
Entries in this reading3 entries
Current trackFibonacci time cycle16 readingsFibonacci retracement165 readingsSupport and resistance227 readings

Construction before interpretation

Support and resistance here means a discrete stack of confirmed swing lows and swing highs retained as candidate prices. That stack sits in the same construction family as a Fibonacci retracement, which is a price-ratio partition of a measured swing, and as Fibonacci time-cycle flags.

A Fibonacci time cycle is a bar count that begins at a user-chosen date and flags later bars whose elapsed count equals a selected Fibonacci integer. The price stacks and the time-cycle flags are built as separate objects.

An odd-length swing window

An odd-length swing window is a lookback with an odd bar count so a single center bar can be tested as the window extreme. When a single lookback period is exposed, that period must be odd so a unique center bar exists. A 9-bar window is the matching default for strength 4.

Parallel support and resistance stacks

A new support price is stored only when the low at the center of an odd lookback window is that window's lowest low. Earlier supports then shift one slot in a fixed-length stack.

A new resistance price is stored only when the high at the center of the same odd window is that window's highest high. Earlier resistances shift in a parallel stack.

Occupancy oscillators

The support-occupancy oscillator is a 0 to 100 reading of how many stored support prices still sit below the close. The build sets that reading equal to 100 times one minus the fraction of stacked supports whose integer division by the close is nonzero.

The resistance-occupancy oscillator applies that same 100-scale occupancy count to the stacked highs. It is a 0 to 100 reading of how many stored resistance prices already sit below the close.

Isolated swing points

The stacked swing prices are drawn as isolated points, not as a connected line.

Build inputs

Function-style builds take a swing-strength input and a stack-length input, commonly 4 and 6. Until the farthest stack slot is filled, the oscillator is defined as 0.

Fibonacci time zones

Fibonacci time zones are built by accumulating bars after a user-chosen start date and marking counts that match a chosen Fibonacci integer. Those zone flags may be overlaid as a histogram on the price pane or on a separate indicator pane.

A sample long-only rule

One sample long-only rule has no short side. It treats a support oscillator above its 4-bar average, or a 30-bar average of the resistance oscillator above 95, as the entry condition.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
7 of 14 in the Fibonacci time cycle track
20031-3 pp.Next on Fibonacci time cycleConstructing nested fifth waves with Fibonacci ratiosAn Elliott wave construction treats market price as a robust fractal: nested swings keep a specified form while length and duration still vary.
All readings on this track · 14 readings
  1. 1982A three-category Fibonacci filter for wave setups
  2. 1985Three-check Fibonacci swings in Treasury bonds
  3. 1990Elliott labels and Fibonacci day counts on a reversal-volatility plot
  4. 1991Constructing Fibonacci time-cycle clusters from wave ratios
  5. 1992Constructing clustered static and dynamic cycle forecasts
  6. 1992Constructing a five-cycle time-ratio workbook
  7. 1998Constructing support-resistance oscillators and Fibonacci time zones
  8. 2003Constructing nested fifth waves with Fibonacci ratios
  9. 2010Seasons, the Wall cycle, and Fibonacci time on a 1949 long wave
  10. 2011Building Fibonacci and Lucas time-cycle markers
  11. 2013Contracting Fibonacci time posts as a dominant-cycle classroom case
  12. 2013Classify the origin low before counting the next advance
  13. 2014Calling a cycle end with range bars, median lines, and Fibonacci
  14. 2015Building reaction zones with swings and median lines
By fieldWaves and ratios183 readingsBy year199891 readings
All 16 readings tagged Fibonacci time cycle
Also on Fibonacci time cycle5 readings
1982A three-category Fibonacci filter for wave setups1985Three-check Fibonacci swings in Treasury bonds1991Constructing Fibonacci time-cycle clusters from wave ratios2003Constructing nested fifth waves with Fibonacci ratios1992Constructing clustered static and dynamic cycle forecasts