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Ken,
Show Extensions show levels that extend above current upper point of the trend line.
If you check other programs like Ensign for example - it works the same way there.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Ken Close" <closeks@xxxx>
To: "AmiBroker List" <amibroker@xxxxxxxxxxxxxxx>
Cc: <amibroker@xxxx>
Sent: Friday, October 04, 2002 8:34 PM
Subject: [amibroker] Fib extension check box
> All/Tomasz: I am finding the convention or rule for fib extensions is
> confusing.
>
> When I click first on a low and drag upwards to a high, and release, the
> first fib line (on the local low) is labeled 100% and the high fib line (on
> the local high) is labeled 0%. This is reasonable because you are looking
> for a percentage retracement of the move from the high.
>
> If I have any boxes checked for moves greater than 100% like, 127% or
> 161.8%, then these appears ABOVE the zero line, when "Show extensions" is
> checked. If I uncheck "Show extensions", the 127% and 161% lines move below
> the 100% line.
>
> I am learning to use this, but it is counter-intuitive.
>
> A retracment can be more than 100%, in which case the lines below the 100%
> line (unchecked "show extensions") makes sense.
>
> When I check the "Show extensions" box, I plan to move the fib array around,
> and the most logical would be for the 100% line to become the zero% line,
> the zero% line to become the 100% line, and the greater than 100% fib levels
> to extend beyond the 100% line. The labeling does not change now, and you
> just have to get used to putting the 100% line in your new location.
>
> If you did not understand a word of this, just forget it....but if you use
> Fib extensions to predict end points for the next waves, then you should
> know what I mean.
>
> The question to Tomasz is:
> Is this still usable in its current form?
> Answer: yes, once you get used to the reversed labeling in extensions vs
> what it should be.
>
> Could it be better?
> Answer: yes, the check box could reverse the labeling of the various fib
> level lines.
>
> Is this a high priority issue?
> Answer: no.
>
> This is sort of an opinion, sort of a suggestion.
>
> Ken
>
>
>
>
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