Fibby Indicator
The Fibby Indicator in Amibroker AFL is likely based on Fibonacci principles, possibly combining multiple Fibonacci tools like retracement, extensions, or clusters. It helps traders identify significant price levels and potential turning points in the market, facilitating better trade decisions.
/_SECTION_BEGIN("Fibby 1st Indicator");
//1st Indicator
//By Fred Tonetti posted 7/28/06 Ft-talk
GraphXSpace = 20;
st1 = AMA(C,(2/(3+1)));
st2 = AMA(C,(2/(5+1)));
st3 = AMA(C,(2/(8+1)));
st4 = AMA(C,(2/(13+1)));
xxx = AMA(C,(2/(21+1)));
lt1 = AMA(C,(2/(34+1)));
lt2 = AMA(C,(2/(55+1)));
lt3 = AMA(C,(2/(89+1)));
lt4 = AMA(C,(2/(144+1)));
Plot(st1, "3", ColorRGB(000,000,255), styleThick);
Plot(st2, "5", ColorRGB(096,096,255), styleThick);
Plot(st3, "8", ColorRGB(144,144,255), styleThick);
Plot(st4, "13", ColorRGB(192,192,255), styleThick);
Plot(xxx, "21", ColorRGB(000,255,000), styleThick);
Plot(lt1, "34", ColorRGB(255,192,192), styleThick);
Plot(lt2, "55", ColorRGB(255,144,144), styleThick);
Plot(lt3, "89", ColorRGB(255,096,096), styleThick);
Plot(lt4, "144", ColorRGB(255,000,000), styleThick);
_SECTION_END();