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 ....
Find Out More Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

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
_SECTION_BEGIN("Fibo Pivots");

SetChartOptions(0,chartShowDates);
GraphXSpace=5;
Plot(C,"",colorBlack,styleCandle);

//by K.Vidyasagar, vkunisetty@yahoo.com
PH = DayH = TimeFrameGetPrice("H", inDaily, -1);	DayHI = LastValue (DayH,1);   // yesterdays high
PL = DayL = TimeFrameGetPrice("L", inDaily, -1);	DayLI = LastValue (DayL,1);	// yesterdays low
PC = DayC = TimeFrameGetPrice("C", inDaily, -1);	// yesterdays close
PR = PH - PL;
//DayO = TimeFrameGetPrice("O", inDaily);	// current day open

numbars = LastValue(Cum(Status("barvisible")));
hts = -33.5;
R=PH-PL;//range
P=(PH+PL+PC)/3; pI = LastValue (p,1);// Standard Pivot
fr1 = 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