Modified Fibonacci Support Resistance |
//www.aflcode.com _SECTION_BEGIN("Fibonacci Retracements"); //Fibonacci Retracement Lines H52 = Ref(HHV(H,60),-1); L52 = Ref(LLV(L,60),-1); L52bar = LastValue( BarsSince(L==L52)); H52bar=LastValue(BarsSince(H==H52)); change = H52-L52; Retrace38 = H52 - change*0.382; Retrace50 = H52 - Change*0.50; Retrace62 = H52 - Change*0.618; Retrace100 = H52 - Change*1; Plot(C,"price",colorBlack,styleCandle); Plot(IIf(BarIndex()>=(BarCount-1- H52bar), H52, Null), "H52", colorRed,styleLine); Plot(IIf(BarIndex()>=(BarCount-1- H52bar), Retrace38, Null), "Retr 38%", colorYellow,styleLine); Plot(IIf(BarIndex()>=(BarCount-1- H52bar), Retrace50, Null), "Retr 50%", colorBlue,styleLine); Plot(IIf(BarIndex()>=(BarCount-1- H52bar), Retrace62, Null), "Retr 62%", colorGreen,styleLine); Plot(IIf(BarIndex()>=(BarCount-1- H52bar), Retrace100, Null), "Retr 100%", colorRed,styleLine); GraphXSpace=5; _SECTION_END();
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