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Jerry
You have to define a low pivot and a high pivot.
Check my post of a few days back about highestbetween
and lowestbetween function (
http://finance.groups.yahoo.com/group/amibroker/message/80220
).
This will enable you to setup a move identifier and
you can filter by the amount of the move. Computing
fib levels after that is easy.
Regards
Rakesh
--- Jerry Gress <pleasenospamplease@xxxxxxxxxxx>
wrote:
> Hi All,
>
> Does anybody have any direction to automatically
> draw Fibonacci cluster
> levels? In a nut shell take a trend (any time frame)
> draw a trend line then
> calculate possible support/resistance based on 3 +
> bar pull backs in said
> trend line using fib numbers!! Not your standard Fib
> drawing tool. Then AB
> would draw those lines.
>
> Jerry Gress
> Stockton, Ca.
>
>
> One Ref: http://www.day-traders.com/fibonacci.html
> but not the first with
> the ideal.
>
> Ps. If Tradestation can do it; AB can do it better!!
>
>
>
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