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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
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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.
Screenshots
Indicator / Formula
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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();
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