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Fibonacci retracements



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maxgraph=8;
p1=peak(h,10,1);
graph0=p1;
t1=trough(l,5,1);
graph2=t1;
graph2style=1;
df=p1-t1;
f1=t1+0.38*df;
f2=t1+0.5*df;
f3=t1+0.618*df;
graph1=f1;
graph3=f2;
graph4=f3;
graph5=close;
graph5style=64;
graph1color=6;
graph3color=8;
graph4color=12;

If you need more lines and you are not familiar with AFL and you do not prefer to be,
please let me know. I will add for you more lines in above code to help your 
investigation. 
Attached gif is from my Amibroker. May be whithout fuzzy graphics, but right to the point
you wrote:"trading purposes" and there is no reason to wait for a trillion years.
The lines are drawn automatically everyday, (it is the part of Fib lines after a decline)
and you do not need any sophisticated draw tool. If such a tool exists, it is very nice 
and you may use it if you like.
I would be glad if it helps.
Thank you for dialogue.
Dimitris Tsokakis 

P. S. Your last phrase is the best : "the nature of the beast".
I will translate it into AFL tomorrow. And this is not a joke. 

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<DIV><FONT face=Arial size=2>Dear Bill,</FONT></DIV>
<DIV><FONT face=Arial size=2>You know that i like your comments and criticism, 
but it is nice to be fair.</FONT></DIV>
<DIV><FONT face=Arial size=2>I write that I need 22 sec to run a composite 
indicator formula and you understand that </FONT></DIV>
<DIV><FONT face=Arial size=2>"technology is getting faster and 
faster".</FONT></DIV>
<DIV><FONT face=Arial size=2>Bill, it is not a matter of technology. Everybody 
in the world has the same technology, no</FONT></DIV>
<DIV><FONT face=Arial size=2>matter if you call it C++ or jscript. But everybody 
is not running such a formula in 22 sec.</FONT></DIV>
<DIV><FONT face=Arial size=2>I write that I need ~5 sec to delete 700 stocks 
from my data base and you wonder about</FONT></DIV>
<DIV><FONT face=Arial size=2>the "what end".</FONT></DIV>
<DIV><FONT face=Arial size=2>Would you prefer to delete stock by stock for the 
next 7 days ?</FONT></DIV>
<DIV><FONT face=Arial size=2>If it is a matter of technology, tell me please how 
many flat technological achievements </FONT></DIV>
<DIV><FONT face=Arial size=2>like code of #3334 did you meet last week or last 
month or last year.</FONT></DIV>
<DIV><FONT face=Arial size=2>Let me believe here that #3334 is not a flat 
technological achievement&nbsp;and that you </FONT></DIV>
<DIV><FONT face=Arial size=2>do not meet 10 similar # everyday.</FONT></DIV>
<DIV><FONT face=Arial size=2>As for Fibonacci retracements &nbsp;"with or 
without the Study function", I do not know what</FONT></DIV>
<DIV><FONT face=Arial size=2>are you trying to say and if you prefer todraw by 
hand or not, but if your problem is </FONT></DIV>
<DIV><FONT face=Arial size=2>"precision and accuracy",&nbsp;I know thatI can 
have precision and accuracy when I deal</FONT></DIV>
<DIV><FONT face=Arial size=2>with functions and here is an example for your 
Indicator Builder.Main Fibonacci lines,</FONT></DIV>
<DIV><FONT face=Arial size=2>drawn as accurate as possible, not only for vision 
purposes but ready to accept cross</FONT></DIV>
<DIV><FONT face=Arial size=2>conditions that you like:</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial 
size=2>maxgraph=8;<BR>p1=peak(h,10,1);<BR>graph0=p1;<BR>t1=trough(l,5,1);<BR>graph2=t1;<BR>graph2style=1;<BR>df=p1-t1;<BR>f1=t1+0.38*df;<BR>f2=t1+0.5*df;<BR>f3=t1+0.618*df;<BR>graph1=f1;<BR>graph3=f2;<BR>graph4=f3;<BR>graph5=close;<BR>graph5style=64;<BR>graph1color=6;<BR>graph3color=8;<BR>graph4color=12;</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>If you need more lines and you are not familiar 
with AFL and you do not prefer to be,</FONT></DIV>
<DIV><FONT face=Arial size=2>please let me know.&nbsp;I will add for you more 
lines in above code to help your&nbsp;</FONT></DIV>
<DIV><FONT face=Arial size=2>investigation.&nbsp;</FONT></DIV>
<DIV><FONT face=Arial size=2>Attached gif is from my Amibroker. May be whithout 
fuzzy graphics, but right to the point</FONT></DIV>
<DIV><FONT face=Arial size=2>you wrote:"trading purposes" and there is no reason 
to wait for a trillion years.</FONT></DIV>
<DIV><FONT face=Arial size=2>The lines are drawn automatically everyday, (it is 
the part of Fib lines after a decline)</FONT></DIV>
<DIV><FONT face=Arial size=2>and you do not need any sophisticated drawtool. If 
such a tool exists, it is very nice </FONT></DIV>
<DIV><FONT face=Arial size=2>and you may use it&nbsp; if you like.</FONT></DIV>
<DIV><FONT face=Arial size=2>I would be glad if it helps.</FONT></DIV>
<DIV><FONT face=Arial size=2>Thank you for dialogue.</FONT></DIV>
<DIV><FONT face=Arial size=2>Dimitris Tsokakis</FONT>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>P. S. Your last phrase is the best : "the nature of 
the beast".</FONT></DIV>
<DIV><FONT face=Arial size=2>I&nbsp;will translate it into AFL tomorrow. 
And&nbsp;this is not a joke. </FONT></DIV></BODY></HTML>

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