Fibonacci Channels

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smashthepound
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Fibonacci Channels

Postby smashthepound » 07 Dec 2009

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
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Fibonacci Channel.txt
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TJ
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Re: Fibonacci Channels

Postby TJ » 24 Jan 2011

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?
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