Description
Description
- The Fibonacci retracement is the potential retracement of a financial asset's original move in price. Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction.
Updates
- 29/01/2016
- Released.
Inputs
- Days To Show - Defines how many days will be plotted.
- Shift (Hours) - Shifts levels by hours.
Screenshot
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using System;
using cAlgo.API;
using cAlgo.API.Internals;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, AutoRescale = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class DailyFiboRetracement : Indicator
{
[Parameter("Days To Show", DefaultValue = 5)]
public int DaysToShow { get; set; }
[Parameter("Shift (Hours)", DefaultValue = 0)]
public int ShiftInHours { get; set; }
private MarketSeries daily;
protected override void Initialize()
{
daily = MarketData.GetSeries(TimeFrame.Daily);
}
public override void Calculate(int index)
{
for (int i = 0; i < DaysToShow; i++)
{
DateTime startOfDay = daily.OpenTime.Last(i).Date.AddDays(1).AddHours(ShiftInHours);
DateTime endOfDay = startOfDay.AddDays(1);
var dailyHigh = daily.High.Last(i);
var dailyLow = daily.Low.Last(i);
var fib618n = dailyLow - (dailyHigh - dailyLow) * 0.618;
var fib382 = dailyLow + (dailyHigh - dailyLow) * 0.382;
var fib500 = dailyLow + (dailyHigh - dailyLow) * 0.5;
var fib618 = dailyLow + (dailyHigh - dailyLow) * 0.618;
var fib1618 = dailyLow + (dailyHigh - dailyLow) * 0.618;
ChartObjects.DrawLine("-61.8%" + i, startOfDay, fib618n, endOfDay, fib618n, Colors.Gray, 1, LineStyle.LinesDots);
ChartObjects.DrawLine("0.0%" + i, startOfDay, dailyHigh, endOfDay, dailyHigh, Colors.Gray, 1);
ChartObjects.DrawLine("38.2%" + i, startOfDay, fib382, endOfDay, fib382, Colors.Gray, 1, LineStyle.LinesDots);
ChartObjects.DrawLine("50.0%" + i, startOfDay, fib500, endOfDay, fib500, Colors.Gray, 1, LineStyle.Solid);
ChartObjects.DrawLine("61.8%" + i, startOfDay, fib618, endOfDay, fib618, Colors.Gray, 1, LineStyle.LinesDots);
ChartObjects.DrawLine("100.0%" + i, startOfDay, dailyLow, endOfDay, dailyLow, Colors.Gray, 1);
ChartObjects.DrawLine("161.8%" + i, startOfDay, fib1618, endOfDay, fib1618, Colors.Gray, 1, LineStyle.LinesDots);
}
}
}
}
Jiri
Joined on 31.08.2015
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: DailyFiboRetracement.algo
- Rating: 4.17
- Installs: 7376
- Modified: 13/10/2021 09:55
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