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    High Probability Fibo Zone Amibroker Formula

    Uploaded by

    maddy_i5
    This document defines code to display Fibonacci high-probability zones on a chart. It checks the chart's time interval and sets the periodicity to daily, weekly, monthly or yearly accordingly. It then calculates the Fibonacci retracement levels and plots lines for the 0.382, 0.5, and 0.618 retracement levels on the chart in a selected color.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    High Probability Fibo Zone Amibroker Formula

    Uploaded by

    maddy_i5
    309 views2 pages
    This document defines code to display Fibonacci high-probability zones on a chart. It checks the chart's time interval and sets the periodicity to daily, weekly, monthly or yearly accordingly. It then calculates the Fibonacci retracement levels and plots lines for the 0.382, 0.5, and 0.618 retracement levels on the chart in a selected color.

    Original Description:

    amibroker afl for fibonacci zones

    Original Title

    High Probability Fibo Zone amibroker formula

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    This document defines code to display Fibonacci high-probability zones on a chart. It checks the chart's time interval and sets the periodicity to daily, weekly, monthly or yearly accordingly. It then calculates the Fibonacci retracement levels and plots lines for the 0.382, 0.5, and 0.618 retracement levels on the chart in a selected color.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    309 views2 pages

    High Probability Fibo Zone Amibroker Formula

    Uploaded by

    maddy_i5
    This document defines code to display Fibonacci high-probability zones on a chart. It checks the chart's time interval and sets the periodicity to daily, weekly, monthly or yearly accordingly. It then calculates the Fibonacci retracement levels and plots lines for the 0.382, 0.5, and 0.618 retracement levels on the chart in a selected color.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 2

    _SECTION_BEGIN("FIBONACCI HIGH PROBABILITY ZONES");

    ShowFibHiProbZone=ParamToggle("Show FIb High-Probability Zone","No|Yes",1);


    HpzColor = ParamColor("Line Color",colorgold);
    Periodicity = inDaily;

    if(ShowFibHiProbZone AND Interval()<inHourly)


    {
    Periodicity = inDaily;
    }
    else if(ShowFibHiProbZone AND Interval()==inHourly)
    {
    Periodicity = inWeekly;
    }
    else if (ShowFibHiProbZone AND Interval()>=inDaily AND Interval()<inMonthly)
    {
    Periodicity = inMonthly;
    }
    else if(ShowFibHiProbZone AND Interval()>inWeekly AND Interval()<inYearly)
    {
    Periodicity = inYearly;
    }
    else // Default just to silence the compiler. This will never occur.
    {
    Hi=Ref(H,-1);
    Lo=Ref(L,-1);
    Cl=Ref(C,-1);
    }

    Hi=TimeFrameGetPrice("H",Periodicity,-1);
    Lo=TimeFrameGetPrice("L",Periodicity ,-1);
    Cl=TimeFrameGetPrice("C",Periodicity ,-1);

    p=(Hi+Lo+Cl)/3;
    r1=p+((Hi-Lo)/2);
    s1=p-((Hi-Lo)/2);
    r2=p+(Hi-Lo);
    s2=p-(Hi-Lo);

    //Bands
    s1b=((Hi-Lo)*0.618)-p;
    s2b=((Hi-Lo)*1.382)-p;

    r1b=((Hi-Lo)*0.618)+p;
    r2b=((Hi-Lo)*1.382)+p;

    extnd=0;
    sty=styleNoLabel|styleStaircase|styleline|styleNoRescale;
    Plot(r1-extnd,"",HpzColor ,sty,Null,Null,extnd,1000);
    //PlotOHLC(r1,r1,r1b,r1b,"",Col,sty|styleClipMinMax|styleCloud|
    styleNoLine,Null,Null,extnd,1000);

    Plot(s1-extnd,"",HpzColor ,sty,Null,Null,extnd,1000);
    //PlotOHLC(s1,s1b,s1,s1b,"",Col,sty|styleClipMinMax|styleCloud|
    styleNoLine,Null,Null,extnd,1000);
    Plot(p-extnd,"",HpzColor ,styleNoLabel|styleStaircase|styleDashed|
    styleNoRescale,Null,Null,extnd,1000);
    Plot(r2-extnd,"",HpzColor ,sty,Null,Null,extnd,1000);
    Plot(s2-extnd,"",HpzColor ,sty,Null,Null,extnd,1000);

    //Daily Range Hi Lo
    //Plot(Hi-extnd,"",ColorBlend(colorLime,colorBrightGreen) ,styleNoLabel|
    styleStaircase|styleNoRescale,Null,Null,extnd,1000);
    //Plot(Lo-extnd,"",ColorBlend(colorCustom12,colorRed) ,styleNoLabel|styleStaircase|
    styleNoRescale,Null,Null,extnd,1000);

    _SECTION_END();

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