Using a pretty simple formula involving CPI , we can adjust the stock chart to show real returns instead of nominal returns. Real returns represent a more accurate picture of the return of the stock over time. In addition, we can easily adjust returns for dividends and estimated taxes.
In this video I show you how to properly use TradingView's Fibonacci Tools.
Using gold as an example, we will go into the Fibonacci Retracement and the Trendbased Fib Extension Tool.
Have a great evening and a profitable day.
RT