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You can also set the parameters for the S/R indicator;
format indicator, properties tab
1.382
1.618
0.382
0.500
0.618
- 0.382
- 0.500
- 0.618
- 1.000
- 2.000
check extend right.
This will give you both retracement AND extension values. Really works
well....I think this was posted here before, hence where I got it from.
Jim
>Hi Neal
>
>I use the Support/Resistance line in SC4 for this.
>Its the icon with the 4 horizontal lines on the lower left of my SC
window.
>
>Just drag the cursor from the start point to the finish point of the
range
>you want to look at. Right clicking in the lines will allow you to
amend the
>levels.
>
>Best Regards
>
>Ian
>ibrant@xxxxxxxxxxxxxxx
>
>>Hi RealTraders,
>>
>>Does anyone on this list know of ELA code for
>>the automated calculation/display of Fib retracements?
>>
>>I'm looking for fib *price* retracement formulas rather
>>than time calculations.. Since my fib work is entirely
>>on the price scale.
>>
>>Standard fib retracements (ie .618 .382 etc) and
>>expansions (profit objectives). Not interested in
>>arcs, fans etc etc..
>>
>>Thanks for any help.
>>
>>-Neal.
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