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Joined: 10/31/2012(UTC)
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Hi I am trying to get a Fibonacci Retracement tool to start at a set price and go to the highest high over a set period. I want to use it as a template to scan through charts with the Fibonacci Retracement tool changing to suit each stock without changing it manually.
Hope someone can help.
Cheers
The Dog
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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You could write your own code, using the forward looking Zig(), Peak() and/or Trough() functions to identify the pattern preceding the retracement, then mix in some Valuewhen() functions to identify your retracement levels and draw these on the chart, limiting them to the right hand side of the chart by using some more Valuewhen() functions with LastValue(). Save your indicator, apply to it to a chart and save this chart as a template.
There's lots of information in the MS User Manual, the free Equis Formula Primer and already posted in this forum.
wabbit [:D]
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