hey diawa..... just a quick response here.... one reason for manual date inputs is to focus the fib lines to some very particular period in time..... its similar to the meta fibonccia tool itself, except here we can use the lines reference buys/sells..... as an example , in your provided code you can see the trigger when the 50% line is crossed....

rewrite the code to manually vary lines as below....h

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highdate:=Input("high date mmddyyyy",111990,12312100,1122006);
lowdate:=Input("low date mmddyyyy",111990,12312100,7142006);
b:=Input(".236",.01,2,.236);
bb:=Input("..382",.01,2,.382);
bbb:=Input(".50",.01,2,.50);
bbbb:=Input(".618",.01,2,.618);

a:=ValueWhen(1,highDate=Month()*1000000 + DayOfMonth()*10000+ Year(),H);

aa:=ValueWhen(1, lowDate=Month()*1000000 + DayOfMonth()*10000+ Year(),L);

aaa:=(b*(a-aa))+aa;
aaaa:=(bb*(a-aa))+aa;
aaaaa:=(bbb*(a-aa))+aa;
aaaaaa:=(bbbb*(a-aa))+aa;

a;aa;aaa;aaaa;aaaaa;aaaaaa;

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Thank you Hayseed,

Very recently bought a metastock and now messing with it´s coding language. Reading Formula Primer allready. Your feedback in and renponse in the forum seems to be shining!

Read number of your columns yesterday for a very long time. I do work a lot of with ElliottWave & Fibonacci issues related of U.S EquityMarkets. With GANN Principals not so familiar, still under learning progress why the full moon hits the market down allways ;)

Do you have any books to recommed to read for coding metastock or even own developing own systems with it ? Do you have experience of coding tradestation also, I think the software is getting more and more popular nowdays between the more serious developers ? At least many books are more and more related of TS2000i. What´s your opinion between these 2 software ?

Finally got a point now what did you mean with your original fibonacci code.

Acutally I might have 3 another question regarding the same code.

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1)

How should I change the code informing ie. 2 different fib levels ?

I doubled your code including 2005 and 2006 years and received error message

“You have exceeded the maximum the maximum of 6 input promts”

I hope this is not a limit of metastock as I would like to add more

retracements as 1.618, 1.38 etc to the chart.

If splitting them for 2 different indicators, got also error message>

”The indicator is already plotted in the window, plotted anyway?”

However, manually it is possible to draw more Fibonacci price retracements,

so my best guess is it should not be a limitations in the formula builder either.

What I would like to see is>

- 3 Months high/low retracements

- 2006 high/low retracements

- 2005 high/low retracements

- All time /high/low retracements (including ie. both years)

--- Each retracements should be different colours (just to inform end-user which time frame it´s related).

Difficulties with fibonacci retracents is that if you work with EWI technology and also follow very short timeframs like subminuettes, soon you have your chart so full of different retracements that you are completely lost, but I think this good be idea at least to pick up the big pattern drawing points out from there.

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2) What would be simple formula to determine

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- Price touched yearly Fibonacci retracement 61.8% ?

- Price touched yearly Fibonacci retracement 61.8% allowing +-5% error marginal ?

(Often prices makes fake fibonacci breakout just to turn back later or sometimes they are just about to touch but turning before)

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-Price has been increasing ie. at least 10 % and touched upper yearly 61.8% fib retracement ?

And as opposite>

- Price has been decreasing ie. at least 10% and touched lower yearly 61.8 % fib retracement ?

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- Price has been decling ie. at least 10% and touched lower 61.8% retracement and turned up at least +5 % ?

And as opposite

- Price has been increasing ie. at least 10% and touched upper 61.8 % retracement and turned down at least -5%?

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3)

I did comparison between meta own fibonacci price-indicator code, but were not able to find which command draw/mention actual retracement number´s in the chart after fib-retracements has been created ?

Would be nice to add to your code as well. Simple beauty question would be how to change code mark those fib levels to the chart as numbers also the same way as meta own Fibonacci indocator do ?