Fibonacchi levels
Fibonacci Levels in Amibroker refer to significant price levels derived from Fibonacci ratios like 23.6%, 38.2%, 50%, 61.8%, and 100%. Traders rely on these levels to identify potential support and resistance zones in the market. Integration with the Amibroker data feed ensures precise application and utilization of these levels for effective technical analysis.
/_SECTION_BEGIN("Fib_Levels");
/*---------------------------------------------------
Automatic Fib Levels
Aron Pipa, December, 11, 2005
--------------------------------------------------------*/
Plot(C,"", colorWhite,styleLine);
// Get values for fib levels
StartBar=SelectedValue(BarIndex());
FinishBar = EndValue( BarIndex() );
i = startbar;
period = FinishBar - StartBar;
Lo =LLV(L,period);
Hi = HHV(H,period);
Line0 = 0;
Line1 = 0;
Line2 = 0;
Line3 = 0;
Line4= 0;
Line100 = 0;
for( i = startbar; i < finishbar; i++ )
{
if(EndValue(C)