fibonacci afl for amibroker is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher).
fibonacci retracement is created by taking two points a major peak and a trough. Then the vertical distances are divided into key fibonacci ratios i.
Fibonacci retracements - largest database of free formulas, indicators, oscillators and trading systems for amibroker (afl), metastock, esignal (efs), and ninjatrader.
Fibonacci retracement is an indicator that was developed by leonardo fibonacci an italian mathematician who lived from 1170 - 1250. The elbow is a retracement of 61 of total measurement of arm.
This afl looks back 60 candles and plots the fibonnaci lines from 60 till latest candle based on high and low during that period. This can be converted into a strategy based on your requirement.
Download fibonacci internal & external retracement afl for amibroker. This is an amibroker successful afl which is the best afl ever for amibroker. Here youre going to get tested strategies that are working right times for stock or forex trading. Best amibroker afl indicator download option gives you full freedom to access our amibroker afl.
The other is that the previous high was lower, indicating that this is a possible long retracement in the working.
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Fibonacci retracements and rsi for amibroker (afl)kaijiabout 11 years agoamibroker (afl) this indicator points out well-known fibonacci retracement levels of 23. 8 to find important supportresistance levels on an rsi chart.
a fibonacci retracement level stems from fibonaccis sequence, a mathematical formula that originated in the 13th century. In technical analysis, fibonacci retracement levels indicate key areas.
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