I have recently come across this concept on a thread in FF. It is certainly not new, but this is the first time I have encountered the concept.
First of all there is a PDF of an article written by Robert Krausz explaining the concept.
Then there is an extremely comprehensive excell spreadsheet that has been put together by someone at FF, who unfortunately is no longer available to answer questions about it, which is a shame because once you open it a few questions spring to mind. Note: The data in it is for the GBP/USD which the originator used to demonstrate it. It can be used for other instruments.
There is also a metatrader4 .ex file for an indicator that marks fib zones on a chart based on the concept, I can not find anything similar for NT. Although it is not difficult to do the calculations and manually mark the zones on a chart.
Question.
Has anyone seen any thing like this before.
Is there a reason why there appears to be so little reference to it (I have googled & found little)
If anyone with more expertise could have a look at the attached and take a few minutes to comment, it would certainly be appreciated.