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RE: [amibroker] To Graham



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<FONT face=Arial color=#0000ff 
size=2>Goto 
<FONT face=Arial 
size=2>http://www.amibroker.com/traders/
and 
download TJ's code for the article "Fibonacci Retracements and the 
RSI", you might find the code helpful.
<FONT 
size=2>herman

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: mroman59 
  [mailto:mroman59@xxxxxxxxx]Sent: January 26, 2004 10:45 
  AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] To 
  GrahamI checked the library and there was nothing 
  concerning Fib lines. I did recently get the following email: 
  Hello Mr,I have created formulas to detect Fibonacci 
  retracements.Maybe you are interested on this formulas.They are not 
  free because it has taken really a lot of hours to develop.<A 
  href="">http://www.tradingbasis.com/formulas/Fibonacci/Fibonacci.htmBest 
  regardsThomas ZmuckTake a look at his site, it may help might 
  be worth the money if he has them rightMR--- In 
  amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:> Fib 
  numbers are applied on the basis that the number divided by next 
  number> and charted has the line approaching 0.618 (think that is 
  right)> It makes sense to use these as the number series was originally 
  formulated> to simulate a rabbit population increase, makes sense 
  to apply this to> building architecture and structures, and of 
  course trading :-)> > You could apply the number series as a 
  loop function and draw them.> Fib[0] = 0.25;> Fib[2] = 
  0.382;> Fib[3] = 0.5;> Fib[4] = 0.618;> Fib[5] = 
  0.75;> Fib[6] = 1;> etc> > Then include this with 
  the line draw tool I posted before and you can draw> all the lines 
  like the manual method.> > For(f=0;f<=6;f++)> {Then 
  some formula to create and plot the various lines, or signals}> 
  > As a trading tool, maybe have a signal when the price is nearing a 
  fib ratio> allowing some leeway for real life +/- 10% or such, or 
  when the price> crosses a fib ratio. I have not looked into this, 
  but might put it on my> list unless someone already has done it. I 
  did not check the libraries or> email histories.> > 
  > Cheers,> Graham> <A 
  href="">http://www.golala.com/forums/?mforum=asxsharetrading> 
  <A 
  href="">http://groups.msn.com/fmsaustralia 
  > > -----Original Message-----> From: mroman59 
  [mailto:mroman59@xxxx] > Sent: Monday, 26 January 2004 9:34 AM> 
  To: amibroker@xxxxxxxxxxxxxxx> Subject: [amibroker] Re: Fibonacci - 
  Graham or anyone> > > Thanks Graham> > You 
  are on the right track, however this is not what Fibonacci lines > 
  are all about. Amibroker can draw the lines but i dont know how to > 
  use this in exploration. At the following site I found the formuala 
  > for Fibnacci Numbers but I have not figured out how to apply them 
  to > stock price low to highest high or most recent high. > 
  <A 
  href="">http://www.stockstoshop.com/fibonaccinumbers.htm 
  or see below: If you got to> the site you can see a chart diagram 
  of MSFT.> > Thanks> MR> > Fibonacci 
  Numbers> > Fibonacci numbers measure the amount the market has 
  retraced > compared to the overall market movement. Fibonacci numbers 
  are > ratios, which are mathematical in nature derived from the 
  Fibonacci > sequence, which was developed by Leonardo 
  Fibonacci.> > Fibonacci retracements are commonly drawn from the 
  beginning of Wave > 1 to the top of Wave 3 to find a target to the 
  Wave 4 retracement.> > Fibonacci numbers are the numbers in the 
  Fibonacci sequence 0, 1, 1, > 2, 3, 5, 8, 13, 21, . . . , each of 
  which, after the second is the > sum of the two previous ones. > 
  > Fibonacci numbers can also be considered as a function of non- 
  negative> integers: > 
  >        n  = 0, 1, 2, 3, 4, 5, 
  6,  7,  8,  9, 10, 11,  12, 
  ...>      F(n) = 0, 1, 1, 2, 3, 5, 8, 13, 21, 
  34, 55, 89, 144, ... > The exact closed form solution for this function 
  is called the Binet > formula: > 
  >      F(n) = (Phi^n - 
  PhiP^n)/Sqrt(5),>      where Phi = (1 + 
  Sqrt(5))/2 = the Golden Ratio,>      and PhiP 
  = Phi Prime = (1 - Sqrt(5))/2 = 1 - Phi = -1/Phi, Since F(n)> is an 
  integer and the magnitude of PhiP^n/Sqrt(5) is less > than 1/2 for n 
  >= 0, a variant form of the formula is: > 
  >      F(n) = Round(Phi^n / Sqrt(5)), n >= 
  0.> Fibonacci numbers can also be defined for negative n: > 
  >      F(-2 n) = -F(2 
  n)>      F(- 2 n - 1) = F(2 n + 1)> 
  >        n  = ..., -6, -5, -4, 
  -3, -2, -1, 0, 1, 2, 3, 4, 5, 6, ...>      
  F(n) = ..., -8,  5, -3,  2, -1,  1, 0, 1, 1, 2, 3, 5, 8, ... 
  > The continuous analytic function: > 
  >      F(x) = (Phi^x - 
  |PhiP|^x)/Sqrt(5),> passes through all Fibonacci numbers of even n = x 
  (n positive or > negative). > > The continuous analytic 
  function: > >      F(x) = (Phi^x + 
  |PhiP|^x)/Sqrt(5),> passes through all Fibonacci numbers of odd n = x 
  (n positive or > negative).> > > > > 
  --- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> 
  wrote:> > Not certain exactly what you are wanting, so I will 
  enclose an> example to> > see if it helps. This is finding 
  the last 260 day high, then the> 260 day low> > prior to 
  that, and plotting these with the 38% retracement from> the 
  high.> > > > > > L52 = LastValue( 
  Ref(LLV(L,260),-H52bar-1) );> > > > L52bar = LastValue( 
  BarsSince(L==L52) );> > > > change = H52-L52;> > 
  > > Retrace38 = H52 - change*0.38;> > > > 
  Plot(C,"price",colorBlack,styleBar);> > > > 
  Plot(IIf(BarIndex()>=(BarCount-1- H52bar), ValueWhen(H==H52,H),> 
  Null),> > "H52", colorRed,> > > > 
  styleLine);> > > > Plot(IIf(BarIndex()>=(BarCount-1- 
  L52bar), ValueWhen(L==L52,L),> Null),> > "L52", 
  colorRed,> > > > styleLine);> > > > 
  Plot(IIf(BarIndex()>=(BarCount-1- H52bar), Retrace38, Null), 
  "Retr> 38%",> > colorGreen,> > > > 
  styleLine);> > > > GraphXSpace=5;> > > 
  > > > > > Cheers,> > Graham> > <A 
  href="">http://www.golala.com/forums/?mforum=asxsharetrading> 
  > <A 
  href="">http://groups.msn.com/fmsaustralia> 
  > > > -----Original Message-----> > From: mroman59 
  [mailto:mroman59@xxxx]> > Sent: Saturday, 24 January 2004 8:06 
  AM> > 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> > > > > > > > Send BUG REPORTS to 
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