## [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gann)

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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gann)

Hello,

this is a excellent tool and I am glad I found it. At present it draws fib levels for a chosen number of periods back from the Highest High to the the Lowest Low, Brilliant! But, the point A is always greater than the point B which is good when price moves down and then retraces up.

To include the other side, can you ad an option to flip the A and B? This way we can get fib levels quickly for either up retrace or down retrace. That is a option to choose, the fib levels will be drawn from the Lowest low to the highest high of the period. So, the point A is lower than the B.

Thanks.
nazaar
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

Hello Nikolay,
I have been using the Strategy Wizard to create strategies. I found this indicator and would like to add it to one of my strategies where buy and sell signals only happen when price occurs between the .382 and .618 lines; however, when I get to expressions and choose this indicator there are no options available under output stream. Is it possible to put the list of fibonacci levels in the output stream so and expression can be created such as "data source < .618 .and. data source > .382"
Thank You
ThemBonez
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

Current Indicator version will NOT provide output values.
Two directions are possible.
Calculation within strategy, or, and, indicator redesign.

Apprentice
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

Thank you Apprentice, I would like to request that indicator so that the output streams are available and to add options for .768, 1.618, and 1.272
ThemBonez
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

I introduced the Custom method.
For which you can choose any level.

Apprentice
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

That's the one I have, but it doesn't have the output streams....that'swhat I really need. So in the strategy I can access the values of the different levels.
ThemBonez
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

The best way is to re-calculate this value from within strategy.

Apprentice
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

What algorithm is used in this indicator do determine the high and low levels to base these fib calcs on?
Thx
ThemBonez
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

In this indicator we use min/max value of last N periods.
Number of periods to find H/L in parameter section.

Apprentice
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### Re: [Upd Oct, 08] Automatic Levels Indicator (Fibonacci, Gan

Is it possible to use this in the Strategy Wizard? How would I do so?
ThemBonez
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Posts: 126
Joined: Sat Mar 20, 2010 1:56 pm

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