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>Message: 2
> Date: Sat, 11 Mar 2006 06:14:39 -0000
> From: "richardbr04" <richardbr04@xxxxxxxxx>
>Subject: how to draw extra fibonacci levels in metastock
>
>when i want to draw the fibonacci retracement levels in metastock (i
>have version 7.0 pro) i can get only the 23%, 38%, 50& and 61.8% levels.
>i wish to add the 14%, 78%, 123% and 150% fibonacci levels to this
>study. how can i program metastock to give me these levels automatically.
In MS v8, simply drag 'n drop the Fib retracement from the line
studies toolbar onto a chart, then right mouse click on any of the
Fib lines on ur chart, and choose properties, under the retracement
line tab, simply add the values you want, in ur case +14 +78 +123 and
+150 values respectively using the input box and the add button. When
u click apply the addition fib values should appear.
I am uncertain whether MS can save these new values as defaults for
the fib indicator, but if you save each chart as a smartchart - it
remembers the extra fib values on that particular chart.
HTH
> Also if i want to draw horizontal lines based on some user input
> data and subsequent calculations and manipulation of this data how
> should i go about it?
Assuming you're talking indicators - try something like the ffg in
Metastock formula language (using MS v8 in my case)
Upperlimit:=Input("Upper limit periods",50,100,75);
Lowerlimit:=Input("Lower limit periods",1,49,15);
Upperlimit*2;
Lowerlimit/2;
>In simple terms all this does is ask for user input of an upper an
>lower limit, with the numbers in parentheses in respective order
>referring to a lowest allowed input, highest allowed input and
>default user input values. Then you can manipulate the input data as
>you like using whatever maths/other functions available to you in
>MS. e.g I simply multiplied the Upper limit by 2 and divided the
>Lower limit by 2 above. Do whatever maths you need to along similar
>lines. Hopefully you can work things out from here. Have fun ...
>
>Cheers
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