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Automatic Fibonacci Retracement

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ThanX ZDO for your information

 

I am not good enough to make an indicator

 

I can understand most of an algo and adapt some minor point, no more...

 

Here is one I've found on the net

 

//+------------------------------------------------------------------+

//| #SpudFibo.mq4 - downloaded from ultimaforex.com

//+------------------------------------------------------------------+

#property indicator_chart_window

 

extern string note1 = "Fibonacci colors";

extern color UpperFiboColor = Navy;

extern color MainFiboColor = RoyalBlue;

extern color LowerFiboColor = DodgerBlue;

extern string note2 = "Draw main Fibonacci lines?";

extern bool InnerFibs = true;

 

double HiPrice, LoPrice, Range;

datetime StartTime;

 

int init()

{

return(0);

}

 

int deinit()

{

ObjectDelete("FiboUp");

ObjectDelete("FiboDn");

ObjectDelete("FiboIn");

return(0);

}

 

 

//+------------------------------------------------------------------+

//| Draw Fibo

//+------------------------------------------------------------------+

 

int DrawFibo()

{

if(ObjectFind("FiboUp") == -1)

ObjectCreate("FiboUp",OBJ_FIBO,0,StartTime,HiPrice+Range,StartTime,HiPrice);

else

{

ObjectSet("FiboUp",OBJPROP_TIME2, StartTime);

ObjectSet("FiboUp",OBJPROP_TIME1, StartTime);

ObjectSet("FiboUp",OBJPROP_PRICE1,HiPrice+Range);

ObjectSet("FiboUp",OBJPROP_PRICE2,HiPrice);

}

ObjectSet("FiboUp",OBJPROP_LEVELCOLOR,UpperFiboColor);

ObjectSet("FiboUp",OBJPROP_FIBOLEVELS,13);

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboUp",0,"(100.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboUp",1,"(123.6%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboUp",2,"(138.2%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboUp",3,"(150.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboUp",4,"(161.8%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboUp",5,"(176.4%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboUp",6,"(200.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+7,1.236); ObjectSetFiboDescription("FiboUp",7,"(223.6%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+8,1.500); ObjectSetFiboDescription("FiboUp",8,"(250.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+9,1.618); ObjectSetFiboDescription("FiboUp",9,"(261.8%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+10,2.000); ObjectSetFiboDescription("FiboUp",10,"(300.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+11,2.500); ObjectSetFiboDescription("FiboUp",11,"(350.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+12,3.000); ObjectSetFiboDescription("FiboUp",12,"(400.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+13,3.500); ObjectSetFiboDescription("FiboUp",13,"(450.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+14,4.000); ObjectSetFiboDescription("FiboUp",14,"(500.0%) - %$");

ObjectSet("FiboUp",OBJPROP_RAY,true);

ObjectSet("FiboUp",OBJPROP_BACK,true);

 

if(ObjectFind("FiboDn") == -1)

ObjectCreate("FiboDn",OBJ_FIBO,0,StartTime,LoPrice-Range,StartTime,LoPrice);

else

{

ObjectSet("FiboDn",OBJPROP_TIME2, StartTime);

ObjectSet("FiboDn",OBJPROP_TIME1, StartTime);

ObjectSet("FiboDn",OBJPROP_PRICE1,LoPrice-Range);

ObjectSet("FiboDn",OBJPROP_PRICE2,LoPrice);

}

ObjectSet("FiboDn",OBJPROP_LEVELCOLOR,LowerFiboColor);

ObjectSet("FiboDn",OBJPROP_FIBOLEVELS,19);

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboDn",0,"(0.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboDn",1,"(-23.6%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboDn",2,"(-38.2%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboDn",3,"(-50.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboDn",4,"(-61.8%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboDn",5,"(-76.4%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboDn",6,"(-100.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+7,1.236); ObjectSetFiboDescription("FiboDn",7,"(-123.6%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+8,1.382); ObjectSetFiboDescription("FiboDn",8,"(-138.2%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+9,1.500); ObjectSetFiboDescription("FiboDn",9,"(-150.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+10,1.618); ObjectSetFiboDescription("FiboDn",10,"(-161.8%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+11,1.764); ObjectSetFiboDescription("FiboDn",11,"(-176.4%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+12,2.000); ObjectSetFiboDescription("FiboDn",12,"(-200.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+13,2.500); ObjectSetFiboDescription("FiboDn",13,"(-250.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+14,3.000); ObjectSetFiboDescription("FiboDn",14,"(-300.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+15,3.500); ObjectSetFiboDescription("FiboDn",15,"(-350.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+16,4.000); ObjectSetFiboDescription("FiboDn",16,"(-400.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+17,4.500); ObjectSetFiboDescription("FiboDn",17,"(-450.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+18,5.000); ObjectSetFiboDescription("FiboDn",18,"(-500.0%) - %$");

ObjectSet("FiboDn",OBJPROP_RAY,true);

ObjectSet("FiboDn",OBJPROP_BACK,true);

 

if(InnerFibs)

{

if(ObjectFind("FiboIn") == -1)

ObjectCreate("FiboIn",OBJ_FIBO,0,StartTime,HiPrice,StartTime+PERIOD_D1*60,LoPrice);

else

{

ObjectSet("FiboIn",OBJPROP_TIME2, StartTime);

ObjectSet("FiboIn",OBJPROP_TIME1, StartTime+PERIOD_D1*60);

ObjectSet("FiboIn",OBJPROP_PRICE1,HiPrice);

ObjectSet("FiboIn",OBJPROP_PRICE2,LoPrice);

}

ObjectSet("FiboIn",OBJPROP_LEVELCOLOR,MainFiboColor);

ObjectSet("FiboIn",OBJPROP_FIBOLEVELS,7);

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboIn",0,"Daily LOW (0.0) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboIn",1,"(23.6) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboIn",2,"(38.2) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboIn",3,"(50.0) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboIn",4,"(61.8) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboIn",5,"(76.4) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboIn",6,"Daily HIGH (100.0) - %$");

ObjectSet("FiboIn",OBJPROP_RAY,true);

ObjectSet("FiboIn",OBJPROP_BACK,true);

}

else

ObjectDelete("FiboIn");

}

 

//+------------------------------------------------------------------+

//| Indicator start function

//+------------------------------------------------------------------+

 

int start()

{

int shift = iBarShift(NULL,PERIOD_D1,Time[0]) + 1; // yesterday

HiPrice = iHigh(NULL,PERIOD_D1,shift);

LoPrice = iLow (NULL,PERIOD_D1,shift);

StartTime = iTime(NULL,PERIOD_D1,shift);

 

if(TimeDayOfWeek(StartTime)==0/*Sunday*/)

{//Add fridays high and low

HiPrice = MathMax(HiPrice,iHigh(NULL,PERIOD_D1,shift+1));

LoPrice = MathMin(LoPrice,iLow(NULL,PERIOD_D1,shift+1));

}

 

Range = HiPrice-LoPrice;

 

DrawFibo();

 

return(0);

}

//+------------------------------------------------------------------+

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An other one

 

//+------------------------------------------------------------------+

//| Fibos.mq4 |

//| Developed by Coders' Guru |

//| http://www.xpworx.com |

//+------------------------------------------------------------------+

 

#property copyright "Coders' Guru"

#property link "http://www.xpworx.com"

string ver = "Last Modified: 2008.02.22 19:20";

 

#property indicator_chart_window

#property indicator_buffers 7

 

extern bool Higher_To_Lower = true; //else Lower_To_Higher

extern bool DrawVerticalLines = true;

extern int StartBar = 0;

extern int BarsBack = 20;

 

double f_1[];

double f_2[];

double f_3[];

double f_4[];

double f_5[];

double f_6[];

double f_7[];

 

void DeleteAllObjects()

{

int objs = ObjectsTotal();

string name;

for(int cnt=ObjectsTotal()-1;cnt>=0;cnt--)

{

name=ObjectName(cnt);

if (StringFind(name,"V_",0)>-1) ObjectDelete(name);

if (StringFind(name,"H_",0)>-1) ObjectDelete(name);

if (StringFind(name,"f_",0)>-1) ObjectDelete(name);

if (StringFind(name,"fib",0)>-1) ObjectDelete(name);

if (StringFind(name,"trend",0)>-1) ObjectDelete(name);

WindowRedraw();

}

}

 

 

void CalcFibo()

{

 

DeleteAllObjects();

 

int lowest_bar = iLowest(NULL,0,MODE_LOW,BarsBack,StartBar);

int highest_bar = iHighest(NULL,0,MODE_HIGH,BarsBack,StartBar);

 

double higher_point = 0;

double lower_point = 0;

higher_point=High[highest_bar];

lower_point=Low[lowest_bar];

 

if(DrawVerticalLines) DrawVerticalLine("V_UPPER",highest_bar,Blue);

if(DrawVerticalLines) DrawVerticalLine("V_LOWER",lowest_bar,Blue);

 

int i = 0;

 

if(Higher_To_Lower)

{

for(i = 0; i < 500; i++)

{

f_1 = higher_point;

f_2 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.236,Digits);

f_3 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.382,Digits);

f_4 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.5,Digits);

f_5 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.618,Digits);

f_6 = NormalizeDouble(lower_point+(higher_point-lower_point)*1.618,Digits);

f_7 = lower_point;

}

ObjectCreate("fib",OBJ_FIBO,0,0,higher_point,0,lower_point);

ObjectCreate("trend",OBJ_TREND,0,Time[highest_bar],higher_point,Time[lowest_bar],lower_point);

ObjectSet("trend",OBJPROP_STYLE,STYLE_DOT);

ObjectSet("trend",OBJPROP_RAY,false);

}

else

{

for(i = 0; i < 500; i++)

{

f_7 = higher_point;

f_6 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.236,Digits);

f_5 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.382,Digits);

f_4 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.5,Digits);

f_3 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.618,Digits);

f_2 = NormalizeDouble(lower_point+(higher_point-lower_point)*1.618,Digits);

f_1 = lower_point;

}

DeleteAllObjects();

ObjectCreate("fib",OBJ_FIBO,0,0,lower_point,0,higher_point);

ObjectCreate("trend",OBJ_TREND,0,Time[lowest_bar],lower_point,Time[highest_bar],higher_point);

ObjectSet("trend",OBJPROP_STYLE,STYLE_DOT);

ObjectSet("trend",OBJPROP_RAY,false);

}

 

 

}

 

void DrawVerticalLine(string name , int bar , color clr)

{

if(ObjectFind(name)==false)

{

ObjectCreate(name,OBJ_VLINE,0,Time[bar],0);

ObjectSet(name,OBJPROP_COLOR,clr);

ObjectSet(name,OBJPROP_WIDTH,2);

WindowRedraw();

}

else

{

ObjectDelete(name);

ObjectCreate(name,OBJ_VLINE,0,Time[bar],0);

ObjectSet(name,OBJPROP_COLOR,clr);

ObjectSet(name,OBJPROP_WIDTH,2);

WindowRedraw();

}

 

}

 

 

 

int deinit()

{

DeleteAllObjects();

return (0);

}

 

int init()

{

DeleteAllObjects();

SetIndexBuffer(0,f_1);

SetIndexBuffer(1,f_2);

SetIndexBuffer(2,f_3);

SetIndexBuffer(3,f_4);

SetIndexBuffer(4,f_5);

SetIndexBuffer(5,f_6);

SetIndexBuffer(6,f_7);

return(0);

}

 

 

int start()

{

CalcFibo();

return(0);

}

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Fibo

EasyLanguage code for Fibonacci Retracement

 

not exactly what you are looking for... but it is something you can work on.

 

if someone knows the author, please post his credit here.

 

9754d1237020355-automatic-fibonacci-retracement-fibo.gif

.

Fibo_.txt

FIBO.gif.8b23265d3fed1c6de2fda77b0129a17f.gif

Edited by Tams

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Thank you Tams

 

not exactly but This is a really interesting coding indicator.

 

It works like the price channel, one of my preferate indicator.

 

I'm looking for something like this

rtrace.jpg.16698a989c49f69fcdff40f86a5bc3e0.jpg

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Thank you Tams

not exactly but This is a really interesting coding indicator.

It works like the price channel, one of my preferate indicator.

I'm looking for something like this

 

with some tweaking, you can modify the code to do what you want.

 

I am busy in the next 2 weeks, if I have some time in April, I will take a look at it for you.

Edited by Tams

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You are kind...

 

It looks great with the extension of the lignes without the old one

 

I was looking at your indicators

 

Your zigzag, price action etc are a good job

 

ThanX a lot

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I have problems with the numbers

 

Most of the time there are invisible

 

In 5 mn they appears sometimes

 

Is there an other way to code the numbers like in the pivots ?

 

variables:

 

right.time(0),

id.text.Dynamic_R(-1);

 

right.time = DateTime2ELTime( getappinfo(airightdispdatetime));

 

if currentbar = 1 then

begin

id.text.Dynamic_R = text_new( d, right.time, Dynamic_R, text(Dynamic_R));

end;

 

text_setstring(id.tl.Dynamic_R, text(Dynamic_R));

text_setlocation(id.tl.Dynamic_R, d, right.time, Dynamic_R);

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Also

 

I'd like to have the lignes in the empty right side of the chart

 

So if Right margin = 8

 

Dash.length( 8 ),

 

Well sometimes I have no lignes and when I put a nber like 66 I have them and after a while they desappear

 

The code looks great anyway

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the code should work in minute charts.

 

the lines and texts will behave erratically in non-minute charts.

(ie. tick, second, or daily charts)

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Thanx Tams for your answer

 

I use it in minute chart=

 

1

5

15

60

240

 

and it is erratic...

 

If I enter 8 (Right margin = 8)

 

it is only a dot or 3 bars long ligne

 

Then I change in ex 44

 

I have a long line

 

Then I change back to 8 and I have a 8 bars ligne

 

I can manage it but the main problem is that I have no number at all

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Here is the code I use

 

//----------------------------------------------------------------

// show number

//----------------------------------------------------------------

 

//----------------------------------------------------------------

variables:

//----------------------------------------------------------------

 

id.text.Dynamic_R(-1),

id.text.xFib0.764(-1),

id.text.xFib0.618(-1),

id.text.xFib0.500(-1),

id.text.xFib0.382(-1),

id.text.xFib0.236(-1),

id.text.Dynamic_S(-1);

 

if Show.number <> 0 then

begin

 

if currentbar = 1 then

begin

 

id.text.Dynamic_R = text_new( d, right.time, Dynamic_R, text(Dynamic_R));

id.text.xFib0.764 = text_new( d, right.time, xFib0.764, text(xFib0.764));

id.text.xFib0.618 = text_new( d, right.time, xFib0.618, text(xFib0.618));

id.text.xFib0.500 = text_new( d, right.time, xFib0.500, text(xFib0.500));

id.text.xFib0.382 = text_new( d, right.time, xFib0.382, text(xFib0.382));

id.text.xFib0.236 = text_new( d, right.time, xFib0.236, text(xFib0.236));

id.text.Dynamic_S = text_new( d, right.time, Dynamic_S, text(Dynamic_S));

 

 

text_setSize(id.text.Dynamic_R, NbreSize);

text_setSize(id.text.xFib0.764, NbreSize);

text_setSize(id.text.xFib0.618, NbreSize);

text_setSize(id.text.xFib0.500, NbreSize);

text_setSize(id.text.xFib0.382, NbreSize);

text_setSize(id.text.xFib0.236, NbreSize);

text_setSize(id.text.Dynamic_S, NbreSize);

 

text_setcolor(id.text.Dynamic_R, NbreColor );

text_setcolor(id.text.xFib0.764, NbreColor );

text_setcolor(id.text.xFib0.618, NbreColor );

text_setcolor(id.text.xFib0.500, NbreColor );

text_setcolor(id.text.xFib0.382, NbreColor );

text_setcolor(id.text.xFib0.236, NbreColor );

text_setcolor(id.text.Dynamic_S, NbreColor );

 

text_setstyle(id.text.Dynamic_R, 1,1 );

text_setstyle(id.text.xFib0.764, 1,1 );

text_setstyle(id.text.xFib0.618, 1,1 );

text_setstyle(id.text.xFib0.500, 1,1 );

text_setstyle(id.text.xFib0.382, 1,1 );

text_setstyle(id.text.xFib0.236, 1,1 );

text_setstyle(id.text.Dynamic_S, 1,1 );

 

end;

 

text_setstring(id.tl.Dynamic_R, text(Dynamic_R));

text_setstring(id.tl.xFib0.764, text(xFib0.764));

text_setstring(id.tl.xFib0.618, text(xFib0.618));

text_setstring(id.tl.xFib0.500, text(xFib0.500));

text_setstring(id.tl.xFib0.382, text(xFib0.382));

text_setstring(id.tl.xFib0.236, text(xFib0.236));

text_setstring(id.tl.Dynamic_S, text(Dynamic_S));

 

text_setlocation(id.tl.Dynamic_R, d, right.time, Dynamic_R);

text_setlocation(id.tl.xFib0.764, d, right.time, xFib0.764);

text_setlocation(id.tl.xFib0.618, d, right.time, xFib0.618);

text_setlocation(id.tl.xFib0.500, d, right.time, xFib0.500);

text_setlocation(id.tl.xFib0.382, d, right.time, xFib0.382);

text_setlocation(id.tl.xFib0.236, d, right.time, xFib0.236);

text_setlocation(id.tl.Dynamic_S, d, right.time, Dynamic_S);

 

end;

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