Crossing back to the"The first Fibonacci support"

March 13th, 2012, 08:59 AM

How can I write in easy language , a Long Exiting after crossing back "the first Fibonacci support" between the last higher high in 30 days and the lower low in the last 30 days or when we enter to the long.

March 23rd, 2012, 10:30 PM

fractal

How can I write in easy language , a Long Exiting after crossing back "the first Fibonacci support" between the last higher high in 30 days and the lower low in the last 30 days or when we enter to the long.

You need to define "first fibonacci support" in something tangible. Do you have an indicator which outputs this value?

Mike

March 26th, 2012, 07:53 AM

Big Mike

You need to define "first fibonacci support" in something tangible. Do you have an indicator which outputs this value?

Mike

{ a Long Exiting after crossing back into "The first Fibonacci support"
between the last higher high and the lower low or from the price we entered long if it was more than 3 month ago}

inputs: ValueLastLow (10),
ValueLasthigh (10),
Price( Low ),
ConsecutiveBarsDown( 4 ) ;

variables : DownPoint(0),
HighPoint(0),
First_Fibonacci(false);
{

if Price < Price[1] then
Value1 = Value1 + 1 { the pre-declared variable Value1 is used here as a
"counter" variable to count the number of consecutive down bars }
else
Value1 = 0 ;}

DownPoint = lowest(Close,ValueLastLow) ;
HighPoint = Highest(close,ValueLasthigh);

First_Fibonacci = c< (DownPoint +((1- 0.236)* (HighPoint - DownPoint))) ;

If Marketposition =1 and{Value1 >= ConsecutiveBarsDown and} First_Fibonacci then
begin

Sell ( "@First_Fibona" ) next bar at market ;
Alert( "AlertMessage" ) ;
end

Crossing back to the"The first Fibonacci support"

Discussion in EasyLanguage Programming

Crossing back to the"The first Fibonacci support"