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Hi all,
I'm trying to create a formula to determine automatically the fibonacci retracement, using as high/low points most recent swings.
I wrote this formula to determine the swing high point, but it does not return anything (when i plot it i got nothing on screen).
Code:
HighestFIB:=
If(Ref(H,-2)
I used this code to set the hihgest point of the swing high, and not to make it change if the current high is higher than the swing point high.
I think something messes up if the first bars of the chart, and so it keep on with the 'else' of the 'if' function, i.e. always referring to 'Ref(HighestFIB,-1)'.
Any idea on how I could make it work?
thanks a lot^^
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You can not reference the previous value of highestFIB by name in the assignment of highestFIB. Instead, use the PREV variable as shown below.
top:=Ref(H,-2)<H AND Ref(H,-1)<H AND Ref(H,1)<H AND Ref(H,2)<H;
highestFIB:= If(top, HighestSince(1,top, H), PREV);
highestFIB
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