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I'm gonna hop in here--- for once there is something i can answer :)
my AB works fine. looking at the ^IXIC, the hi was 2153, the low for the
last move up was 1888. subtract the 2 to see how many points up it
moved---265 points. multiple 265 by 38.2%=101.23. sub 101 from 2153==2052.
2052 is displayed as the # my AB as the 38.2% retracement point....
What does yours say???
hth,
ron
-----Original Message-----
From: mroman59 [mailto:mroman59@xxxxxxxxx]
Sent: Friday, January 23, 2004 4:06 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Fibonacci Formulas? Help anyone
Does anyone have the formula for determining the price of a stock
that retraces using the popula fibonacci % lines. I am alittle
confused, when i draw the lines using AB from lo to hi point it
gives me the %lines and a value. However the value does not seem to
correlate with the %retracement. For example, when i calculate the
% that a stock has retraced from its 52 week hi the value does not
match the with the lines drawn nor does the value 38.2% line value
correlate with actual 38.2% retracment of the stocks value. Now that
I have you confused and myself can anyone help me? I am trying to
create an exploration or indicator that will alert me when a stock
in my watchlist has retraced to one of these values.
Thank YOu
MR
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