Channel Tool with Fibo Levels Needed

Hi All,

Can one of you talented programmers out there add fibo levels to one of these channel drawing tools. Take a look at the attached picture. The fibo levels within the channel are 38.2%, 50% and 61.8%. The fibo levels below the bottom channel line are –1.236% and –1.382%. The fibo levels above the top channel line are 1.236% and 1.382%. Would it be possible for the end user to be able to define his own fibo levels. For example, when you place an EMA on a chart, under the “levels” tab you can add additional lines above and below the EMA line using this function. If that can’t be done I would settle for a channel drawing tool that contains the pre-defined fibo levels.

Thank you in advance for your help.

Iam looking for the same thing as you...

I will watch this thread with intrest..

Hi guys, well i must admit this was one of the more challenging hacks!

If you will look at the below image you will see what i believe is a close example of what you were hoping for?

http://accrete.com/fx-atm/pix/atm-hourschannel-expl.png

I have it set to simple murry math type / GANN settings, but they are user editable. This is actually pretty slick with the hours lookback because you can specify exactly how far back you wish to capture highs and lows. Never thought of looking at things that way. Anywhooo, have fun with this one, hope it will help. Here is the indicator; ATM_HoursChannel_v2.mq4. Everything seems to work fine, and i might spend some time on the math calculations again to have the percents on either side of the median be uniform. Right now they are kind of asymetrical in ratio, but uniform on the chart so they will be accurate.

Cheers,
Thom

thanks very much...

Hello ,

Is it possible to make this on a 15 min channel ?

Regards,
Hans

i mean 15 min timeframe in stead of 60 min