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Fib price extension lines
Started:January 19th, 2014 (04:27 PM) by Pitrader Views / Replies:488 / 1
Last Reply:January 20th, 2014 (05:14 AM) Attachments:0

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Fib price extension lines

Old January 19th, 2014, 04:27 PM   #1 (permalink)
Trading Apprentice
Futures Experience: Advanced
Platform: TS
Favorite Futures: Futures
Posts: 6 since Feb 2011
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Fib price extension lines

Currently the Fibonacci price extension lines tool in TS places lines on the chart at Fib ratios depending on the distance of point A to point B added to point C. I would like to have a drawing tool that is similar in that it will plot a horrizontal at the 100% point added to point C but with 2 other horrizontal lines plotted, one 4 tics above the 100% line and another line 4 tics below the 100% line. Does anybody know if this is possible and if so could they please post the code? It would be of immense help.



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Old January 20th, 2014, 05:14 AM   #2 (permalink)
Hamburg Germany
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
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to my knowledge you can only add percentage based lines to the build in price extension lines. So it would probably have to be an indicator that draws the remaining two lines. You could use the commentary function to get the base price for the trendlines. Maybe there are even some good Fibonacci tools in the Tradestation forum that already do what you are looking for.


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