Fibonacian Levels
Fibonacian levels likely refer to an indicator using a variation or combination of Fibonacci ratios in Amibroker. The integration with the Amibroker data feeder ensures accurate calculations and plotting of these levels. Traders rely on Fibonacian levels to identify crucial price points, enabling more precise technical analysis and trade strategies.
/_SECTION_BEGIN("Fibonacian levels");
/*The folowing code will give the statistics for the Fibonacian levels.
We use n0=2 AND this value will check the levels
0.382, 0.5, 0.618, 1, 1.618, 2.618
The tolerance was 0.05 for any Fibonacci number.
for example, any value between 1.537 AND 1.698 was considered as 1.618.*/
/*Statistics for Fibonaccian levels*/
n=Param("n",3,3,20,1);// Calibrate the Zig percentage
Var1=C;
z=Zig(Var1,n);
PeakCondition=PeakBars(Var1,n)==0;
p1=ValueWhen(PeakCondition,Var1,1);
p2=ValueWhen(PeakCondition,Var1,2);
TroughCondition=TroughBars(Var1,n)==0;
t1=ValueWhen(TroughCondition,Var1,1);
t2=ValueWhen(TroughCondition,Var1,2);
d=IIf(BarsSince(PeakCondition)=d0^n0;i=i*d0)
{
fib=i;
Plot(fib,"",colorBlue,1);
}
Plot(0.5,"",colorBlue,1);
Plot(Var1,"Var1",4,8+styleLeftAxisScale);
Plot(z,"",colorYellow,styleLeftAxisScale);
tp=Cum(Peakcondition);
tt=Cum(Troughcondition);
vd=d!=Ref(d,-1);
tvd=Cum(Vd);
ap=0.05;//calibrate the tolerance of Fib numbers
Cond=Vd AND (abs(d-0.318)