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Graham
Now that I take a look at your formula, I think it may be correct.
However, I put into AB it will not work. Can you check again to see
if there is a bug in the program?
Thanks
Mike
--- 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
> http://www.golala.com/forums/?mforum=asxsharetrading
> http://groups.msn.com/fmsaustralia
>
> -----Original Message-----
> From: mroman59 [mailto:mroman59@x...]
> 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
>
>
>
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