The dynamic golden ratio algorithm is a type of pattern recognition tool used in trading and finance. It involves using the golden ratio, approximately 1.618, as a crucial level in identifying potential market trends. The algorithm calculates multiple golden ratio levels based on recent market data and analyzes how prices interact with these levels to determine when to buy or sell a particular asset. The term "dynamic" is used because the algorithm factors in recent market trends to adjust the golden ratio levels continuously. Traders use this algorithm to make informed trading decisions, as it applies to various markets like commodities, currencies, and stocks.
This mind map was published on 12 June 2023 and has been viewed 98 times.