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Hi,
That is strange but Metastock worked that way in version 6.5. But with
the newest version (7) it marks highest level always as 0% and scale
goes to 100% for the low (as AmiBroker works now).
I had a dillema which version should I implement in AmiBroker.
To All: do you prefer one way over another? why? would you like to change
current behaviour of retracements in AmiBroker?
BTW: The Fibonacci extensions (2.618 and 4.236 levels) will be added
anyway.
Best regards,
Tomasz Janeczko
----- Original Message -----
From: <wd78@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, April 16, 2001 1:05 AM
Subject: [amibroker] Fibonacci Retracement
> The Fibonacci Retracement tool is only half right. Specifically,
> when the trendline is drawn from low to high the retracements levels
> start at 0% for the high and go to 100% for the low, which is
> correct. But when the trendline is drawn from high to low 0% is at
> the low amd 100% is at the high, which is not correct. In this case,
> the scale has to be inverted. No matter how the trendline is drawn,
> 0% should always be at the end of the trendline, and the retracement
> levels should always increase in the direction opposite of the
> trendline's x-axis vector.
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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