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Hi,
What is a 3 bar + pull back and direction?:
Here is your trendline:
+++++++++++
x = Cum(1);per = 5;s1=L;s11=H;
pS = TroughBars( s1, per, 1 ) == 0;
endt= LastValue(ValueWhen( pS, x, 1 ));
startt= LastValue(ValueWhen( pS, x, 2 ));
dtS =endt-startt;
endS = LastValue(ValueWhen( pS, s1, 1 ) );
startS = LastValue( ValueWhen( pS, s1, 2 ));
aS = (endS-startS)/dtS;bS = endS;
trendlineS = aS * ( x -endt ) + bS;
SU = IIf(x>startt-1,trendlineS,-1e10);
Plot (SU,"\nSU",colorYellow,styleThick);
Plot (C,"close",colorBlack,64);
+++++++++++++
Explain in detail what u want and i will give it a go today being Sunday.
--- N !!
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.
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