Extension or Retracement Formula Required ~ Fibonacci Drawing / Indicator Q’s.
Retracement / Extension Indicators or Tool
I am wanting to essentially have 2 x Fibonacci Drawing Indicators within Amibroker; or at least an additional one to what is already included in the software: I am not fussy whether the additional one I upload is either an Indicator type or actual Drawing tool type as long as it’s an overlay I can adjust like the installed type.
The reason: ~ I wish to have the ability to draw another type of retracement or extension, such as the Fibonacci retracement, but with differing percentages. I know I can alter the percentages within the installed drawing parameters of the existing drawing tool within the program but then I remove the ability to have this drawing tool as a Fibonacci retracement, which I already use a lot.
This alternate retracement tool I after is simply the same type of point to point positioning between to price points or chart positions but it has the percentage lines or 12.5%, 25%, 37.5%, 50%, 62.5%, 75%, 87.5% & 100% as opposed to the Fib numbers/percentages.
I have search reasonably extensively on the Forum site content list, Wisestocktrader.com & other sites but to no success for either advice or any designed code that is able to be manipulated. There are a couple of formula for a Fib Retrace, but they are not an over lay but more a whole chart structure of how the writer reds / sees his charts.