Fibonacci Dynamic Balance point
Fibonacci Dynamic Balance Point in Amibroker AFL adapts Fibonacci levels to changing market conditions using Amibroker data feed. This dynamic perspective helps identify potential support and resistance areas. Traders leverage it for adjusted strategies in evolving price dynamics.
/_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();