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Hello,
Please open msg 134164 and copy and paste the formula. It will be
easier for you to understand how the external fib retracements
(retracements > 1.0) work. The last pivot determines the direction
of the retracements. If the last pivot is Resistance then the
externals will be calculated and plotted below support. If the last
pivot is support then the externals will be plotted above
resistance. The formula I have directed you to is automatic - by
clicking your mouse in different places on the chart you should
quickly see what I have explained.
David K.
--- In amibroker@xxxxxxxxxxxxxxx, "jaccopax" <jaccopax@xxx> wrote:
>
> hello all,
>
> i dont understand....
> when use fibo-retracements from a low to a top 1.618 is above the
top.
> when i use fibo-rectracements for a bear move 1.618 is als above
the
> high.
>
> i can use fib.extensions in both directions.
>
> does someone know how i can use retracements in both directions.
>
> thank you, jacco
>
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