fibonacci

hayseed

Master Trader
Jul 27, 2010
1,045
262
149
usa
on another forum, someone asked me to write a custom fibonacci indicator..... figure i'd post it here also....


there are a few settings.....

shift sets the bar you would like.... default is 1.... choose any....

linecolor sets the colors..... default is Magenta..... choose any.....

mylevel sets an additional custom level...... default is 0.75..... choose any.....

automove is a true/false..... say for instance you wanted the 0 bar and wanted the lines to move to the next bar as soon as it opened..... you would select true and it would auto move....... default is false.....

reverse is a true/false...... say for instance you wanted the precentages reversed to where 0 was the high..... you would select true and it would reverse the lines...... default is false.......

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the best way to understand it is to place it on any 1 minute chart and play with the settings...... click on the picture to see it in action......h
 

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