Registered User
Joined: 3/2/2005
Posts: 120
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I have looked at the forum and frankly did not get an answer.TOS has automated Fibonacci retracements which have to be coded into there system. As I am a long time Telechart user I do not want to change. Why is it so difficult to be able to do a pcf that retraces only 61.8 ,50. and 38.2 over different time intervals ? Whilst one can easily draw them the charts get crowded with pivot points and other lines
many thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am really not clear what you are trying to do to be able to tell you if it is difficult or not.
If you just want to to return the value that is 61.8% of the way between the low and the high over a fixed span of time for example, it is fairly straightforward (the following is over 100 bars).
.618 * MAXH100 + .382 * MINL100
The complexity of any formulas you would want to use is really going to depend on how you want to define the retracement.
-Bruce
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Registered User
Joined: 3/2/2005
Posts: 120
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I am sorry I did not thank you earlier.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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