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Fibonacci Channels

Posted: 07 Dec 2009
by smashthepound
Hi,

here is s study of Fibonacci Channels. You draw a trend line and the code will construct a parallel so you have a trend channel. Afterwards it will divide the Channel and will draw parallel lines based on the ratios you select (e.g. Fibonacci numbers).

Unfortunately this works well in TS2ki but not in MC. Does anyone of the more skilled programmers have an idea how to modify the code so it will work in MC please?

Thanks & regards,

smshthepound

Re: Fibonacci Channels

Posted: 24 Jan 2011
by TJ
Hi,

here is s study of Fibonacci Channels. You draw a trend line and the code will construct a parallel so you have a trend channel. Afterwards it will divide the Channel and will draw parallel lines based on the ratios you select (e.g. Fibonacci numbers).

Unfortunately this works well in TS2ki but not in MC. Does anyone of the more skilled programmers have an idea how to modify the code so it will work in MC please?

Thanks & regards,

smshthepound
would you have a sample chart?