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Fibbo levels
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Fibbo levels

  #1 (permalink)
Trading Apprentice
Mumbai, Maharashtra, India
 
Futures Experience: Intermediate
Platform: Amibroker
Favorite Futures: Equity
 
Posts: 1 since Feb 2016
Thanks: 0 given, 0 received

Fibbo levels

Hello,

I have a question about the afl for amibroker. Amibroker have a facility to plot Fibonacci levels. My question is that, is it possibe to plot it by just a line ?

I mean if a stock went up from 100 to 110, then just by plotting a line from 100 to 110 ( the top made ), the next retracement line of 61.8 % will be drawn automatically ?

Please remember, I am talking about slanting line connecting from 100 ( Bottom ) to 110 ( The top ) and NOT horizontal line.


Regards

Achal

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