Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Fibonacci Pivot Points for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
amibroker, fibonacci
This indicator plots Fibonacci pivots points on an intraday chart. The pivot levels are based on the daily trading range and plotted at 38%, 62% and 99%. You can use the pivot levels to trade reversals or break-outs and fib retracements to buy dips in uptrends and sell rallies in downtrends.
In uptrends, traders should look to buy near the 38% Fibonacci Retracement level (buy on dips). In downtrends, traders look to sell near the 38% Fibonacci Retracement level (sell on rallies).
by K.Vidyasagar, vkunisetty@yahoo.com
Indicator / Formula
Copy & Paste Friendly
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 | _SECTION_BEGIN("Fibo Pivots");SetChartOptions(0,chartShowDates);GraphXSpace=5;Plot(C,"",colorBlack,styleCandle);//by K.Vidyasagar, vkunisetty@yahoo.comPH = DayH = TimeFrameGetPrice("H", inDaily, -1); DayHI = LastValue (DayH,1); // yesterdays highPL = DayL = TimeFrameGetPrice("L", inDaily, -1); DayLI = LastValue (DayL,1); // yesterdays lowPC = DayC = TimeFrameGetPrice("C", inDaily, -1); // yesterdays closePR = PH - PL;//DayO = TimeFrameGetPrice("O", inDaily); // current day opennumbars = LastValue(Cum(Status("barvisible")));hts = -33.5;R=PH-PL;//rangeP=(PH+PL+PC)/3; pI = LastValue (p,1);// Standard Pivotfr1 = p + (R * 0.38); fr1I = LastValue (fr1,1);fr2 = p + (R * 0.62); fr2I = LastValue (fr2,1);fr3 = p + (R * 0.99); fr3I = LastValue (fr3,1);fs1 = p - (R * 0.38); fs1I = LastValue (fs1,1);fs2 = p - (R * 0.62); fs2I = LastValue (fs2,1);fs3 = p - (R * 0.99); fs3I = LastValue (fs3,1);Plot(p,"Pivot",colorBlue,styleDots|styleNoLine|styleNoRescale);Plot(fr1,"R1",colorRed,styleDots|styleNoLine|styleNoRescale);Plot(fr2,"R2",colorPink,styleDots|styleNoLine|styleNoRescale);Plot(fr3,"R3",colorRose,styleDots|styleNoLine|styleNoRescale);Plot(fs1,"S1",colorGreen,styleDots|styleNoLine|styleNoRescale);Plot(fs2,"S2",colorLime,styleDots|styleNoLine|styleNoRescale);Plot(fs3,"S3",colorPaleGreen,styleDots|styleNoLine|styleNoRescale);PlotText(" Pivot ", LastValue(BarIndex())-(numbars/Hts), pI, colorBlue);PlotText(" Fib R1 " , LastValue(BarIndex())-(numbars/Hts), fr1I, colorRed);PlotText(" Fib R2 " , LastValue(BarIndex())-(numbars/Hts), fr2I, colorPink);PlotText(" Fib R3 " , LastValue(BarIndex())-(numbars/Hts), fr3I, colorRose);PlotText(" Fib S1 " , LastValue(BarIndex())-(numbars/Hts), fs1I, colorGreen);PlotText(" Fib S2 " , LastValue(BarIndex())-(numbars/Hts), fs2I, colorLime);PlotText(" Fib S3 " , LastValue(BarIndex())-(numbars/Hts), fs3I, colorPaleGreen);_SECTION_END(); |
0 comments
Leave Comment
Please login here to leave a comment.
Back