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For the record it's not my code ;) It is from an
article found in the Stocks and Commodities trader's tips section on the
a\Amibroker website which did a similar thing but on the RSI - I simply adapted
it to work on price data.
Also, I have no idea how to plot the 7th line - which is
the diagonal line joining the high and low. Can anybody shed some light on
whether this is possible?
regards,
Claude
From: l washington
[mailto:goldwing01_1999@xxxxxxxxx]
Sent: Wednesday, February 09, 2005
09:41
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker]
Graham and amibroker yahoo board/help please
Claude Caruana thanks for sharing
your code and yes this is what I was after.
Claude Caruana <claudecaruana@xxxxxxxxxxx>
wrote:
Hi,
This
will show the lines by looking at the highest/lowest points visible in
your
chart.
Hope it is what you are after.
maxPrice = LastValue( Highest(
IIf( Status("barvisible"), h, 0 ) ) );
minPrice = LastValue( Lowest( IIf(
Status("barvisible"), l, 100 ) ) );
RgPrice = maxPrice - minPrice;
Plot(
maxPrice , "0%", colorGreen );
Plot( maxPrice - 0.236 * RgPrice, "-23.6%",
colorYellow );
Plot( maxPrice - 0.382 * RgPrice, "-38.2%", colorOrange
);
Plot( maxPrice - 0.50 * RgPrice, "-50.0%", colorBlue );
Plot(
maxPrice - 0.618 * RgPrice, "-61.8%", colorLightBlue );
Plot( minPrice,
"-100%", colorRed
);
Regards,
Claude
________________________________
From:
l washington [mailto:goldwing01_1999@xxxxxxxxx]
Sent: Wednesday, February
09, 2005 07:29
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Graham
and amibroker yahoo board/help please
I would like to have this
graph as part of my Arsenal. can I get some help
please
The
Fibonacci Retracements study consists of seven trendlines. The
first
trendline is a line connecting the lowest low and the highest high
during
the plot period. The other trendlines are horizontal lines at
y-positions
which are fixed percentages of the lowest low and highest high
y-posiitons
(100%, 61.8%, 50%, 38.2%, 23.6%, 0%). The Fibonacci Retracement
lines are
used to visualize support and resistance levels.
The
Fibonacci Retracements study does not require any input
parameters.
<http://www.stockworm.com/i/manual/indicators-fretracements.gif;jsessionid=a
IWDt6Ktlkx_>
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