Candle Fibonacci

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Candle Fibonacci

Postby minifire18 » Tue Sep 07, 2021 7:24 am

Hey Apprentice & team
Can you code an indicator that prints a Fibonacci with extensions from the zigzag reversal on the reversal candle?
To have 4 extensions above and 4 below the candle data points and 2 retracement levels within the candle data points, to be able to change % levels in parameter settings, to only print once the reversal zigzag has been printed

For Long reversal Fibonacci to be drawn from last seller candle close to 1st buyers candle close to using ASK price
Candle Fib long.jpeg


For Short reversal Fibonacci to be drawn from 1st seller candle close to last buyers candle close to using BID price
Candle Fib Short.jpeg


thanks in advance
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Re: Candle Fibonacci

Postby Apprentice » Wed Sep 08, 2021 4:28 am

So, last seller candle close to 1st buyers candle close,
will be the range based on which extensions will be drawn?
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Re: Candle Fibonacci

Postby minifire18 » Thu Sep 09, 2021 12:35 am

Apprentice wrote:So, last seller candle close to 1st buyers candle close,
will be the range based on which extensions will be drawn?


Hi Apprentice and team,
It depends on the swing reversal there are different points to take data from (ps, if u look at screenshot the fib trend line in white shows, were data is taken from which is different for long and shorts
So if the price is currently in a downswing (zigzag) then prints upswing (zigzag) then to use
For Long reversal Fibonacci to be drawn from last seller candle close to 1st buyers candle close to use ASK price

And if the price is currently in an upswing (zigzag) then prints downswing (zigzag) then to use
For Short reversal Fibonacci to be drawn from 1st seller candle close to last buyers candle close to use BID price

Thanks
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Re: Candle Fibonacci

Postby Apprentice » Fri Sep 10, 2021 3:41 am

Your request is added to the development list.
Development reference 806.
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Re: Candle Fibonacci

Postby minifire18 » Sun Oct 03, 2021 4:35 am

Hi Apprentice
any update with this request
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Re: Candle Fibonacci

Postby minifire18 » Sun Jan 02, 2022 7:44 am

Hi Apprentice
Not sure were the data is correct were the indicator is drawing the extension levels as per screenshot. I manually drew fibonacci (lines extended to left) from the close of buyers candle to close of 1st sellers candle ton ASK price data used same fib levels in candle fibonacci (lines extended to the right) and they don’t match the hand drawn, if you can add 100 and zero and 50 % from the two data points can you look into this please as per 1st post with just noticed the was a typo in the bid & ask set up correct conditions below

For Short reversal Fibonacci to be drawn from 1st seller candle close to last buyers candle close to using ASK price
For Long reversal Fibonacci to be drawn from last seller candle close to 1st buyers candle close to using BID price


Thanks for all work already gone into this hope you can fix
Minifire

Candle Fibonacci.jpeg
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Re: Candle Fibonacci

Postby Apprentice » Mon Jan 03, 2022 4:15 am

Your request is added to the development list.
Development reference 5.
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