This is read-only version of AFL library entry. Ability to add user formulas
and comment is only available from members-only area.
Details:
Formula name:
Fibonacci Internal and External Retracements
Author/Uploader:
David K - (email hidden)
Date/Time added:
2008-05-11 22:31:30
Origin:
Keywords:
fibonacci, retracements, linearray,plottext
Level:
basic
Flags:
indicator
DISCLAIMER: Most formulas present in AFL on-line library are submitted
by the users and are provided here on an "as is" and "as available" basis.
AmiBroker.com
makes no representations or warranties of any kind to the contents or the operation
of material presented here. We do not maintain nor provide technical support
for 3rd party formulas. Description:
AB version 5.08 is used with this formula - please check your version to insure there are no conflicts with new features.
This formula uses Peaks/Troughs to identify pivots for calculations. Pivots may also be identifed by using your mouse to select any point in the chart. Pivots will be located from the point selected using the % you have chosen for the high and low pivots. Parameters provide funtionality for plotting lines forward (on blank chart), plotting full left extensions, plotting price text, shifting text and plotting retracement lines.
Please check AAPL & ABX charts(7/3/08), both left-side text messages show that the "Res" less that the "Sup", but the "Res" & "Sup" lines show on the chart are OK to me. I may be wrong, but I am wonder, why?
Thank for your nice work.
Robv
2008-07-08 00:38:38
Thanks David. I'm finding this extremely useful on intraday FX. It should be incorporated into AB.
A minor qu -- is there any way to have the levels showing on the rhs of the chart to go to 4 decimal places for forex?
Kevin
2008-10-18 03:15:47
Basic is very modest!
This code could probably be developed to scan the last x pivots, store all the retracements / extensions and plot those which cluster (3 or more levels close together). These are very high probability turning points (see fibonacciqueen for examples).
Actually, searching for a starting point led me to your nice code.
Kevin
2008-10-18 03:16:06
Basic is very modest!
This code could probably be developed to scan the last x pivots, store all the retracements / extensions and plot those which cluster (3 or more levels close together). These are very high probability turning points (see fibonacciqueen for examples).
Actually, searching for a starting point led me to your nice code.