Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey patrick...... i bought meta 9 last summer.... someone with equis suggested spending some time reading the manuals.... that was a valuable tip..... seem to still discover something new everyday......
heres another favorite of mine.... this template has fibonacci retracements in a 'live' state.... so as you scroll back in time they adjust to the new data.... or if you change the security they adjust also..... a neat way to study the retracement theory..... the base chart is meta's stock 'color' template..... to which i added psar ..........and the fib retracement tool code below, just cut and paste into your indicator builder.......h
{from ozgur1976yildirim and jose}
{C:\\Documents and Settings\\hayseed\\Desktop\\jose}
a:=Input("ZigZag minimum percentage",.01,100,5);
b:=Input("Fib levels based on: [1]Troughs, [2]Peaks",1,2,1);
d:=Input("HHV/LLV periods",1,500,50);
formulal:=Trough(1,C,a);
formulSat:=Peak(1,C,a);
al:=LLV(formulal,d);
sat:=HHV(formulsat,d);
feb:=sat-al;
feb0:=LastValue(al) ;
feb1:=LastValue(al+feb*.236);
feb2:=LastValue(al+feb*.382);
feb3:=LastValue(al+feb*.500);
feb4:=LastValue(al+feb*.618);
feb5:=LastValue(sat) ;
feb6:=LastValue(sat-feb*.236);
feb7:=LastValue(sat-feb*.382);
feb8:=LastValue(sat-feb*.618);
{ Plot on price chart }
If(b=1,feb0,feb8);
If(b=1,feb3,feb3);
If(b=1,feb1,feb7);
If(b=1,feb2,feb6);
If(b=1,feb4,feb0);
feb5;
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