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Auto Fib Extension & Retrace for Amibroker (AFL)

Rating:
4 / 5 (Votes 4)
Tags:
amibroker, Fib, fibonacci

Automatically generate Fibonacci retracements and up to 5 Extensions at each swing point or just the last one.

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Indicator / Formula

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Graph Fibonacci lines at each Swing Point on the price chart

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_SECTION_BEGIN("Auto Fib Ext&Retrace");
// 
//  TimingPundit.com
//  4/14/2022
//  Based on Candle body. I found this slightly better than tails
//  and much better than closing price.
//
 
Mode=ParamList("Retrace and/or Extensions","Both|Retracements|Extensions");
FibLines=ParamToggle("Fib Lines Shown","All|Last",1);
FibLabels=ParamToggle("Label Fibs?","No|Yes",1);
SPWidth=param("Swing Point Width",9,7,13,2); //suggest 7,9,13
arrows=ParamToggle("Swing POint Arrows","No|Yes",1);
NE=Param("Number of Extensions",1,1,5,1);
 
HV=HighestVisibleValue(H);
LV=LowestVisibleValue(L);
ymin=LV-.05*(hv-lv);
ymax=HV+.05*(hv-lv);
SetChartOptions(1,0,chartGridMiddle,ymin,ymax);
 
HB=Max(C,O);
LB=Min(C,O);
sp1=sp2=0;
 
sph = (HB==HHV(HB,SPWidth)) AND (HB==Ref(HHV(HB,SPWidth),SPWidth-1));
spl = (LB==LLV(LB,SPWidth)) AND (LB==Ref(LLV(LB,SPWidth),SPWidth-1));
 
fibmult1=.236;
fibmult2=.382;
fibmult3=.5;
fibmult4=.618;
fibmult5=.786;
fibmult6=1;
fibmult7=1.272;
fibmult8=1.618;
fibmult9=2.618;
 
txt1=NumToStr(fibmult1);
txt2=NumToStr(fibmult2);
txt3=NumToStr(fibmult3);
txt4=NumToStr(fibmult4);
txt5=NumToStr(fibmult5);
txt6=NumToStr(fibmult6);
txt7=NumToStr(fibmult7);
txt8=NumToStr(fibmult8);
txt9=NumToStr(fibmult9);
 
////// Eliminates 2 SPL or 2 SPH in a row. Picks most extreme  /////////
lasti=0;
for(i=0;i<=BarCount-1;i++){
    if(sph[i] AND sph[lasti]){
        if(HB[i]>HB[lasti]){
            sph[lasti]=0;
        }else{
            sph[i]=0;
        }  
    }  
    if(spl[i] AND spl[lasti]){
        if(LB[i]<LB[lasti]){
            spl[lasti]=0;
        }else{
            spl[i]=0;
        }  
    }
    if(sph[i] OR spl[i])   
        lasti=i;
}      
///////////////////////////////////////////////////////////////////////////////////////
LB1=HB1=fib1=fib2=fib3=fib4=fib5=fib6=fib7=fib8=fib9=Null;
Lastfib=B=S=range=i=m=0;
 
function SetFibs(){
    if(sph[i] OR spl[i]){
        fib1[i]=B+S*range*FibMult1;
        fib2[i]=B+S*range*FibMult2;
        fib3[i]=B+S*range*FibMult3;
        fib4[i]=B+S*range*FibMult4;
        fib5[i]=B+S*range*FibMult5;
        fib6[i]=B+S*range*FibMult6;
        fib7[i]=B+S*range*FibMult7;
        fib8[i]=B+S*range*FibMult8;
        fib9[i]=B+S*range*FibMult9;
    }
    fib1[i+1]=fib1[i];
    fib2[i+1]=fib2[i];
    fib3[i+1]=fib3[i];
    fib4[i+1]=fib4[i];
    fib5[i+1]=fib5[i];
    fib6[i+1]=fib6[i];
    fib7[i+1]=fib7[i];
    fib8[i+1]=fib8[i];
    fib9[i+1]=fib9[i];
    if(fib1[i]!=fib1[i-1]){
        lastfib=i;
        if(FibLabels AND NOT fiblines){
            PlotText(txt1,i,fib1[i],colorblack,colorDefault);
            PlotText(txt2,i,fib2[i],colorblack,colorDefault);
            PlotText(txt3,i,fib3[i],colorblack,colorDefault);
            PlotText(txt4,i,fib4[i],colorblack,colorDefault);
            PlotText(txt5,i,fib5[i],colorblack,colorDefault);
            PlotText(txt6,i,fib6[i],colorblack,colorDefault);
            PlotText(txt7,i,fib7[i],colorblack,colorDefault);
            PlotText(txt8,i,fib8[i],colorblack,colorDefault);
            PlotText(txt9,i,fib9[i],colorblack,colorDefault);
        }
        fib1[i]=Null;
        fib2[i]=Null;
        fib3[i]=Null;
        fib4[i]=Null;
        fib5[i]=Null;
        fib6[i]=Null;
        fib7[i]=Null;
        fib8[i]=Null;
        fib9[i]=Null;
    }  
}
function PlotFibs(){
    if(fiblabels AND fiblines){
        PlotText(txt1,LastFib,fib1[lastfib+1],colorblack,colorDefault);
        PlotText(txt2,LastFib,fib2[lastfib+1],colorblack,colorDefault);
        PlotText(txt3,LastFib,fib3[lastfib+1],colorblack,colorDefault);
        PlotText(txt4,LastFib,fib4[lastfib+1],colorblack,colorDefault);
        PlotText(txt5,LastFib,fib5[lastfib+1],colorblack,colorDefault);
        PlotText(txt6,LastFib,fib6[lastfib+1],colorblack,colorDefault);
        PlotText(txt7,LastFib,fib7[lastfib+1],colorblack,colorDefault);
        PlotText(txt8,LastFib,fib8[lastfib+1],colorblack,colorDefault);
        PlotText(txt9,LastFib,fib9[lastfib+1],colorblack,colorDefault);
    }  
    if(FibLines){
        for(i=0;i<lastfib;i++){
            fib1[i]=Null;
            fib2[i]=Null;
            fib3[i]=Null;
            fib4[i]=Null;
            fib5[i]=Null;
            fib6[i]=Null;
            fib7[i]=Null;
            fib8[i]=Null;
            fib9[i]=Null;
        }      
    }
    Plot(fib1,txt1,colorLightBlue);
    Plot(fib2,txt2,colorLightBlue);
    Plot(fib3,txt3,colorLightBlue);
    Plot(fib4,txt4,colorRed,4);
    Plot(fib5,txt5,colorLightBlue);
    Plot(fib6,txt6,colorRed,4);
    Plot(fib7,txt7,colorbrightgreen);
    Plot(fib8,txt8,colorbrightgreen,4);
    Plot(fib9,txt9,colorbrightgreen);  
}
 
if(Mode=="Both" OR Mode=="Retracements"){
/////////////  Retracements ////////////////////       
    m=1;
    for(i=1;i<BarCount-1;i++){
        if(sph[i]){
            B=HB1=HB[i];
            S=-1;
            range=(HB1-LB1);
        }
        if(spl[i]){
            B=LB1=LB[i];
            S=1;
            range=(HB1-LB1);
        }
        SetFibs();
    }
    PlotFibs();
}  
 
if(mode=="Both" OR Mode=="Extensions"){
//////////////////  Extensions //////////////////
    n=0;
    S=1;
    for(i=1;i<BarCount-1;i++){
        if(sph[i]){
            n++;
            sp2=sp1;
            sp1=HB[i];
            delta[n]=sp1-sp2;
        }
        if(spl[i]){
            n++;
            sp2=sp1;
            sp1=LB[i];
            delta[n]=sp1-sp2;  
        }
    }
    for(j=1;j<=NE;j++){
        n=0;
        for(i=1;i<BarCount-1;i++){
            if(sph[i]){
                n++;
                B=HB[i];
            }
            if(spl[i]){
                n++;
                B=LB[i];
            }
            m=n-(j*2-1);
            if(m>0){
                range=delta[m];
                SetFibs();
            }  
        }
        PlotFibs();
    }
}              
 
/*
BuyPrice=LB;
SellPrice=HB;
Buy=spl;
Sell=sph;
Cover=Buy;
Short=Sell;
*/
 
if(arrows){
    shape=spl*shapeUpArrow+sph*shapeDownArrow;
    PlotShapes(shape,colorBlue,0,IIf(spl,Low,High));   
}
 
_SECTION_END();

1 comments

1. sagar2kd

V-Good afl

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