How to enhance Fibonacci Retracement and Extension level

#1
Hi,

I use Fibonacci numbers quite a bit for stock analysis and prediction purpose. Amiborker provides FIB retracement and extension
Maximum Fibonacci level provided by Amibroker is 261.8%.

I want to extend this to level to 361.8% and 461.8%.
Is there any way to attain this in amibroker? Not sure where the code exists and how to access this code.

Regards,

Addadutta
 

KelvinHand

Well-Known Member
#2
Hi,

I use Fibonacci numbers quite a bit for stock analysis and prediction purpose. Amiborker provides FIB retracement and extension
Maximum Fibonacci level provided by Amibroker is 261.8%.

I want to extend this to level to 361.8% and 461.8%.
Is there any way to attain this in amibroker? Not sure where the code exists and how to access this code.

Regards,

Addadutta
Very easy, super impose 2 fibonacci tool, align each between 0% & 100%. one for retracement and one for extension. This way you can extend more 8~11 levels for free use
No coke.
 
Last edited:

prabhsingh

Well-Known Member
#3
Very easy, super impose 2 fibonacci tool, align each between 0% & 100%. one for retracement and one for extension. This way you can extend more 8~11 levels for free use
No coke.
Not able to understand.Can you post screenshot describing how to achieve this.

Thanks,
 

KelvinHand

Well-Known Member
#4
Not able to understand.Can you post screenshot describing how to achieve this.

Thanks,
Usually i can use 1 fibo, just switch one of the fibo setting say 50% to 361.8%
which 50% is not currently very significant in the area of 361.8%.

But for some perfectionist, they can use 2 fibs. What you need to do is to fix the 0% & 100% to be the same (0<->100 ) for projection upward


 

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