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#1 Selling Amibroker Plugin featuring:
Fractal Fib Levels for Amibroker (AFL)
The formula calculates Fib Levels between fractals. The Fib Levels are worked out from the most recent fractal to the one before it. I can’t remember where I found the fractal algorith, but it’s one a few AFLs throughout the net. Thanks to the person/people who put it up there.
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Indicator / Formula
/*Fractals and Fib Levels by Ipeleng Molete 30 October 2011 */ //Fractals nbar = Param("Longer Term",16,2,10000,1); PHigh = H > Ref(HHV(H,nbar),-1) AND Ref(HHV(H,nbar),nbar) <= H; PHighPrice = ValueWhen(PHigh,H); PLow = L < Ref(LLV(L,nbar),-1) AND Ref(LLV(L,nbar),nbar) >= L; PLowPrice = ValueWhen(PLow,L); Bear = ValueWhen(PHigh, DateTime()); Bull = ValueWhen(PLow, DateTime()); PlotShapes(shapeSmallCircle*PLow,colorGreen,0,L,-10); PlotShapes(shapeSmallCircle*PHigh,colorRed,0,H,10); //Plot(PLowPrice, "Fractal Low", colorGreen, styleDots | styleNoLine); //Plot(PHighPrice, "Fractal High", colorRed, styleDots | styleNoLine); phase = IIf(bull > bear, 0, 1); //Fib Level Calculation //If previous fractal was down fractal, then Fib Level is worked out //by subtracting the down fractal from the up fractal and vice versa HiLoDifference = IIf(phase == 0, PLowPrice - PHighPrice, PHighPrice - PLowPrice); Level1 = abs(HiLoDifference)*0.382; Level2 = abs(HiLoDifference)*0.5; Level3 = abs(HiLoDifference)*0.618; Level4 = abs(HiLoDifference)*0.786; Level5 = abs(HiLoDifference)*1.0; Level6 = abs(HiLoDifference)*1.618; Level7 = abs(HiLoDifference)*2.618; Level0382 = IIf(phase == 0, PLowPrice + Level1, PHighPrice - Level1); Level05 = IIf(phase == 0, PLowPrice + Level2, PHighPrice - Level2); Level0618 = IIf(phase == 0, PLowPrice + Level3, PHighPrice - Level3); Level0786 = IIf(phase == 0, PLowPrice + Level4, PHighPrice - Level4); Level10 = IIf(phase == 0, PLowPrice + Level5, PHighPrice - Level5); Level1618 = IIf(phase == 0, PLowPrice + Level6, PHighPrice - Level6); Level2618 = IIf(phase == 0, PLowPrice + Level7, PHighPrice - Level7); //Graph Plot(C, "", colorBlack, styleCandle | styleNoTitle); Plot(Level0382,"38.6%=", colorOrange, styleDots | styleNoLine); Plot(Level05,"50%=", colorPink, styleDots | styleNoLine); Plot(Level0618,"61.8%=", colorPaleGreen, styleDots | styleNoLine); Plot(Level0786,"78.6%=", colorLightGrey, styleDots | styleNoLine); Plot(Level10,"1.0%=", colorBlack, styleDots | styleNoLine); Plot(Level1618,"161.8%=", colorSkyblue, styleDots | styleNoLine); Plot(Level2618,"261.8%=", colorPink, styleDots | styleNoLine); Title = WriteIf(phase == 0, "BULL Phase", "BEAR Phase") + "\nSymbol: " + Name() + " Date: " + Date() + " Open: " + NumToStr(Open, 1.4) + " High: " + NumToStr(High, 1.4) + " Low: " + NumToStr(Low, 1.4) + " Close: " + NumToStr(Close, 1.4) + EncodeColor(colorBlue) + "\nFractal Periods: " + NumToStr(nbar, 1.0) + EncodeColor(colorRed) + "\n\nLast Up Fractal: " + NumToStr(PHighPrice, 1.4) + EncodeColor(colorGreen) + "\nLast Down Fractal: " + NumToStr(PLowPrice, 1.4) + EncodeColor(colorBlack) + "\nLevel0382: " + Level0382 + EncodeColor(colorBlack) + "\nLevel05: " + Level05 + EncodeColor(colorBlack) + "\nLevel0618: " + Level0618 + EncodeColor(colorBlack) + "\nLevel786: " + Level0786 + EncodeColor(colorBlack) + "\nLevel10: " + Level10 + EncodeColor(colorBlack) + "\nLevel1618: " + Level1618 + EncodeColor(colorBlack) + "\nLevel2618: " + Level2618;
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