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Fib. Reverse Engineered.

  • #261
  • Apr 10, 2009 11:08am Apr 10, 2009 11:08am
Quoting MissPips
...based on either an opening range that you input or a box timeframe that you choose. .
Gail, I still have the problem with settings when the time period straddles midnight. The picture below demonstrates what happens. I used the settings you instructed me to use. It's no big deal because I can adjust manually. Just thought you'd like to know. Have a great weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: icce 4-10-09.gif Size: 18 KB
  • #262
  • Apr 10, 2009 11:09am Apr 10, 2009 11:09am
Quoting kihl
Mr. Bemac
There is a simple way to get that levels without so much coding. Just draw a normal fibo (top and bottom of the range) and get into the Fibo levels and input the following:

Level - Description
1 - 52.78 %$
0 - 47.22 %$
2.622 - 61.80 %$
0.5 - 50.00 %$
-1.622 - 38.20 %$
5.248 - 76.40 %$
-4.248 - 23.60 %$
9.493 - 100.0 %$
-8.493 - 0.00 %$

Everytime you draw a fibo, you will have the indicator and it is much easier to work with.
Thank you! This will be very useful for observing the fib levels on different timeframes on the same chart. Just change the colors.
Attached Image (click to enlarge)
Click to Enlarge Name: kihl_fib.gif Size: 15 KB
Is your SL my TP?
  • #263
  • Apr 10, 2009 12:13pm Apr 10, 2009 12:13pm
This is a euro chart template with the fib tool draw on it. To make it default into the fib tool, just modify one of the settings (color, line style, etc).
Attached File(s)
File Type: tpl euro fib-icce tool.tpl   1 KB | 435 downloads
  • #264
  • Apr 10, 2009 1:04pm Apr 10, 2009 1:04pm
Quoting kihl
Mr. Bemac
There is a simple way to get that levels without so much coding. Just draw a normal fibo (top and bottom of the range) and get into the Fibo levels and input the following:

Level...
kihl;
How are you calculating the "Levels"?
I would like to add 14.60% & 85.40%.

And you are correct. It is much simpler & transpses time.
Thanks.
  • #265
  • Apr 10, 2009 1:45pm Apr 10, 2009 1:45pm
Try this one. I recoded the box so it doesn't do that weird thing when time gets close to the start of the period and I made the indie draw a fib that you control by moving the box. You can also just input a period if you want

The advantage of using the indie is that it doesn't permanently reset your fib, so you can keep your default fib however you like it.

I'm off to the pub!
Have a good weekend all.

Quoting TradeWell
Gail, I still have the problem with settings when the time period straddles midnight. The picture below demonstrates what happens. I used the settings you instructed me to use. It's no big deal because I can adjust manually. Just thought you'd like to know. Have a great weekend.
Attached File(s)
File Type: ex4 Bemac ICCE eights1.5.ex4   11 KB | 327 downloads
File Type: mq4 Bemac ICCE eights1.5.mq4   10 KB | 450 downloads
  • #266
  • Apr 10, 2009 1:50pm Apr 10, 2009 1:50pm
Quoting Bemac
kihl;
How are you calculating the "Levels"?
I would like to add 14.60% & 85.40%.

And you are correct. It is much simpler & transpses time.
Thanks.
Let see if you can understand my engrish

In the fib tool the 0 and 1 levels represents the 0% and 100% respectively. In your version the 0 and 1 levels are the 47.22% and 52.78% respectively.

the difference between 47.22% and 52.78% is 5.56%

85.40% Level = (85.40%-52.78%)/5.56% + 1 = 6.867
14.60% Level = (14.60%-47.22%)/5.56% + 0 = -5.867
  • #267
  • Apr 10, 2009 1:51pm Apr 10, 2009 1:51pm
Quoting MissPips
Try this one. ....
Thank you...again!

If ever the opportunity comes, I'll have the bartender pour your favorite.

Have a great weekend everybody!
  • #268
  • Apr 10, 2009 2:02pm Apr 10, 2009 2:02pm
Quoting kihl
Let see if you can understand my engrish

In the fib tool the 0 and 1 levels represents the 0% and 100% respectively. In your version the 0 and 1 levels are the 47.22% and 52.78% respectively.

the difference between 47.22% and 52.78% is 5.56%

85.40% Level = (85.40%-52.78%)/5.56% + 1 = 6.867
14.60% Level = (14.60%-47.22%)/5.56% + 0 = -5.867
thanks for the heads up. Great idea

(FIBrequired - TOP) / (TOP - BOT) + 1 = Fibs above TOP

or

(FIBrequired - BOT) / ( TOP - BOT) = Fibs Below BOT
  • #269
  • Apr 10, 2009 2:17pm Apr 10, 2009 2:17pm
Quoting smjones
thanks for the heads up. Great idea

(FIBrequired - TOP) / (TOP - BOT) + 1 = Fibs above TOP

or

(FIBrequired - BOT) / ( TOP - BOT) = Fibs Below BOT
  • #270
  • Edited 2:57pm Apr 10, 2009 2:31pm | Edited 2:57pm
It can be simplified

AnyFibRequired = (FibRequired - TOP) / (TOP - BOT) +1

This will work for any number.
  • #271
  • Apr 10, 2009 11:04pm Apr 10, 2009 11:04pm
Looking forward to learning about this interesting topic. Thanks.

pips4profit
  • #272
  • Apr 11, 2009 11:30am Apr 11, 2009 11:30am
Quoting MissPips
This was what I was...
How can I redraw a box? It repaints it to timeframe coordinates that are in the input rather than what I redraw on the chart.

It also draws it independent of price range chosen in the input.

I also had problem drawing a box that spans across US session and Asian session .

I like your indicator as it does not clutter up chart as it draws the fibo lines on right corner rather than all across the chart.
  • #273
  • Apr 11, 2009 3:51pm Apr 11, 2009 3:51pm
Try the latest version that I posted for Tradewell 1.5. This should fix the problem of a box that spans the US/Asia session. If you want a box that starts at 22:00 and ends at 2:00 the next day, set nextdayend to 1. The box should only be getting drawn to the hours or range you select when the indie is initialized. After that you should be able to select the box and drag it to where you want. You can also use a range that you input instead of a box to define the fibo, and not the box. To do that set RangeMethod to 1. You can also turn the display of the fib on and off (but if you to that, the box will reset itself to the hours you selected, and the fib will be redrawn accordingly when you turn the display back on, unless you are using an input range to draw it.)

Quoting kerty9
How can I redraw a box? It repaints it to timeframe coordinates that are in the input rather than what I redraw on the chart.

It also draws it independent of price range chosen in the input.

I also had problem drawing a box that spans across US session and Asian session .

I like your indicator as it does not clutter up chart as it draws the fibo lines on right corner rather than all across the chart.
  • #274
  • Apr 12, 2009 6:25am Apr 12, 2009 6:25am
Quoting MissPips
Try the latest version that I posted for Tradewell 1.5. This should fix the problem of a box that spans the US/Asia session. If you want a box that starts at 22:00 and ends at 2:00 the next day, set nextdayend to 1. The box should only be getting drawn to the hours or range you select when the indie is initialized. After that you should be able to select the box and drag it to where you want. You can also use a range that you input instead of a box to define the fibo, and not the box. To do that set RangeMethod to 1. You can also turn the display...
Hi

I still did not make it work...can you please put some screen shots with explanation. In other thread Bemac and others have box, channel on their chart but I can not get it...Can you help please? Thank you.
The Market pays you to be disciplined
  • #275
  • Apr 12, 2009 8:25am Apr 12, 2009 8:25am
Quoting jharteam
Hi Scrutch:

Which ICCE version you are using please? I am just using the one provided by Bemac on the first page of this thread. And please, could you please posts ALL the fibs that Bemac is using? It's getting a bit confusing which version of ICCE we are suppose to use and which fibs should be included for this indicator. Thanks.

Have a good one
Jeff
Hi Jeff,
I'm using the one posted by Bemac on page one of the trading thread as well...I'm in a bit of a rush here and can't find my list of fibs that I took notes of while reading through the posts. Had the grandkids over yesterday and I may have to look closely at the drawings they made, perhaps my notes are on the back side of one of those.

I really like the one that Gail posted because of the range box.
Doesn't matter which pair you open, the fibs show and you can adjust with the square. Also like the values on the far right hand side but would prefer the price value show in the vertical price column...appears to be set to Gann Eights though and I can't seem to change that and it always redraws, if you have moved the time rectangle, when you change time frames.

I also like the one Cobra posted because of the ability to change any lines color and style.

As yet, I haven't tried the alternate MT4 indi but will have a go at it early next week...busy most all day and later we are going up the mountain for a get-a-way and dinner.

Cheers
Listen to the whispers.... You may learn something
  • #276
  • Apr 12, 2009 9:25am Apr 12, 2009 9:25am
Hi Strutch:

Thank you very much for the reply and some clarifications. Won't keep ya. Take care .

Have a good one
Jeff

Quoting Scrutch
Hi Jeff,
I'm using the one posted by Bemac on page one of the trading thread as well...I'm in a bit of a rush here and can't find my list of fibs that I took notes of while reading through the posts. Had the grandkids over yesterday and I may have to look closely at the drawings they made, perhaps my notes are on the back side of one of those.

I really like the one that Gail posted because of the range box.
Doesn't matter which pair you open, the fibs show and you can adjust with the square. Also like the values on the far right hand side but...
~*~You are only one trade away from humility~*~
  • #277
  • Edited 11:30am Apr 12, 2009 11:06am | Edited 11:30am
I think best would be to code one only official ICCE indicator which fits the needs of all.

For my opinion the best would be to:

Use the one that Scott coded as the base, code the user options which I modded and paint the selected range as a box (mod by MissPips).

I think the basic idea is to plot range channels.

Scott made some interesting investigations with the 22:00 to 24:00 timebox which got already coded but I guess that this will not be the only use so we need a universal ICCE tool that includes this setup as an option.

If there would be a wishlist I would add an alarm with different sound for upper and lower break of the channel, maybe email alarm.

The default position of the range lines should be set in the middle of the chart (with a distance of 50 pips as default) without the need to give in the inicial values and the user drops them to the desired level.

A counter of the quantity of candles in the marked range would be of help as well, also an information on the wide (in pips) of the range.

Add: forgot one thing: Once that the levels are set by dropping the range lines they should be locked there and don't change back to default if the TF is changed by the user.

have a great trading week
  • #278
  • Apr 12, 2009 11:30am Apr 12, 2009 11:30am
See attached. Or see the next version in my reply to Scrutch below

Quoting mima
Hi

I still did not make it work...can you please put some screen shots with explanation. In other thread Bemac and others have box, channel on their chart but I can not get it...Can you help please? Thank you.
  • #279
  • Edited 2:42pm Apr 12, 2009 11:38am | Edited 2:42pm
Hi Scrutch,

Here is one with the default set to not repaint the box. (The downside is that the box will never disappear off the chart.) When you drop it on the chart it will create a box (if the range method is 0). After that if DontMoveBox is true, then you can just drag the box and it will stay in that position even after you change tfs. If you want to reconnect the fibo when the market isn't moving just click on the indicator and click OK. You can also show/hid the fib using the connectfib param and that will also reconnect it in the right place. If you want to use different values for the percentages or fib levels just input them into the indicator, in the TopPercent, BottomPercent, Fib2, etc params. You can also just specify a range (if the range method is 1, and then the range also will not move.)

Quoting Scrutch
Hi Jeff,
I'm using the one posted by Bemac on page one of the trading thread as well...I'm in a bit of a rush here and can't find my list of fibs that I took notes of while reading through the posts. Had the grandkids over yesterday and I may have to look closely at the drawings they made, perhaps my notes are on the back side of one of those.

I really like the one that Gail posted because of the range box.
Doesn't matter which pair you open, the fibs show and you can adjust with the square. Also like the values on the far right hand side but...
Attached File(s)
File Type: mq4 Bemac ICCE eights1.6.mq4   11 KB | 398 downloads
  • #280
  • Apr 12, 2009 12:16pm Apr 12, 2009 12:16pm
Hi Corbra:

By the way, I wonder if it is feasible that the ICCE indicator can produce 2-3 'boxes' simultaneously? This can be useful, especially for EOD (End of Day) and longer term intraday time frames; as I would like it to have the ability to display fib clusters. It's a bit premature to 'wish' for it but just a whim out of me. Take care.

Have a good one
Jeff

Quoting cobraforex
I think best would be to code one only official ICCE indicator which fits the needs of all.

For my opinion the best would be to:

Use the one that Scott coded as the base, code the user options which I modded and paint the selected range as a box (mod by MissPips).

I think the basic idea is to plot range channels.

Scott made some interesting investigations with the 22:00 to 24:00[font=Arial] timebox which got already coded but...
~*~You are only one trade away from humility~*~
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