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Fibonacci Channel

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[2014-01-23 09:39:36] #1 [Go To First Post]
jochenfrenzel - Posts: 8
Is it possible to draw a Fibonacci Channel?

[2014-01-23 09:50:52] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Not quite sure what a Fibonacci channel is. Do you have an example of this? Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2014-01-23 10:16:13] #3 [Go To First Post]
jochenfrenzel - Posts: 8
Here the explanation of wikipedia: http://fxcodebase.com/wiki/index.php/Fibonacci_Channel or even shorter: http://ta.mql4.com/linestudies/fibonacci_channel Thanks Jochen

[2014-01-24 05:49:06] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Yes this is fully supported through the Parallel Lines drawing tool: http://www.sierrachart.com/index.php?l=doc/doc_Tools.html#ParallelLines You just need to specify percentages which correspond to the Fibonacci numbers through the Levels >> Level % settings in the Drawing Tool Configuration for the tool. Experiment with the percentages to get the idea. You can add as many levels that you require. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2014-01-24 05:49:28

[2014-06-03 18:31:18] #5 [Go To First Post]
User92158 - Posts: 8
Can you add Fibonacci support, resistance lines calculated daily without manually adding each line?

[2014-06-04 07:30:34] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Yes. Use the Tools >> Price Retracement tool. Assuming this is what you want. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2014-06-04 07:30:46

[2014-06-04 12:35:29] #7 [Go To First Post]
User92158 - Posts: 8
Im sorry I dont want retracement lines. I want to add Fibonacci support and resistant lines with the PP line. Its calculated using the previous OHLC...I dont want to manually calculate and add them every morning. Thanks in advance...

[2014-06-04 17:06:07] #8 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Use the the Pivot Points-Daily study. Set the Formula Type input to 15: http://www.sierrachart.com/index.php?page=doc/doc_PivotPoints.html#PPFormulas Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2014-06-06 13:39:30] #9 [Go To First Post]
User92158 - Posts: 8
I have the Pivot Points Daily set up, using input to 15. But when I double check the lines to my Fibonacci lines they are different. I have tried different inputs but nothing is matching with the Fibonacci lines. What do I need to change. Thanks in advance.

[2014-06-06 17:24:58] #10 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We need to know the exact formula you want to use for the pivot point and support and resistance lines. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2014-06-06 18:02:45] #11 [Go To First Post]
User92158 - Posts: 8
This might show you what Im trying to explain. http://www.livecharts.co.uk/pivotpoint.php Previous day bell to bell E-minis, are the XXX.XX below. This calculates Fibonacci Resistance, Support, Pivot Point below. High XXXX.XX Low XXXX.XX Close XXXX.XX Fibonacci Pivots Fib R3 Fib R2 Fib R1 Pivot XXXX.XX Fib S1 Fib S2 Fib S3

[2014-06-06 18:05:03] #12 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
This is not specific enough for us to help with. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2014-06-06 18:21:45] #13 [Go To First Post]
User92158 - Posts: 8
Hope this is detailed enough... Use Fibonacci or Woody Pivot Point Formulas. One of those, I believe, is what Floor (pit) traders use for their levels. They're calculated from the previous day's HLC. Fibonacci Pivot Point Woodie Pivots R3 = PP + ((High - Low) x 1.000) R2 = PP + ((High - Low) x .618) R2 = PP + High - Low R1 = PP + ((High - Low) x .382) R1 = (2 X PP) - Low PP = (H + L + C) / 3 PP = (H + L + 2C) / 4 S1 = PP - ((High - Low) x .382) S1 = (2 X PP) - High S2 = PP - ((High - Low) x .618) S2 = PP - High + Low S3 = PP - ((High - Low) x 1.000) Normal Pivots (everyone uses, so MOST IMPT!!) R3 = R1 + (H-L) R2 = P + (H - L) R1 = (2 x P) - L P = (H + L + C) / 3 S1 = (2 x P) - H S2 = P - (H - L) S3 = S1 - (H-L)

[2014-06-11 13:50:08] #14 [Go To First Post]
User92158 - Posts: 8
Still waiting for a response, I know its a hard question. Thank you for your time.

[2014-06-11 15:18:58] #15 [Go To First Post]
crazybears - Posts: 314
Hi I'll try to code it give me some time

[2014-06-11 15:44:27] #16 [Go To First Post]
vegasfoster - Posts: 444
It's not already Formula Type 11? http://www.sierrachart.com/index.php?page=doc/doc_PivotPoints.html#PPFormulas

[2014-06-11 18:20:23] #17 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
We are looking this over now. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2014-06-11 18:30:22] #18 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
What you want to use is Pivot Point Formula Type 13: http://www.sierrachart.com/index.php?page=doc/doc_PivotPoints.html#PPFormulas Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2014-06-11 18:30:43

[2014-06-11 20:10:55] #19 [Go To First Post]
User92158 - Posts: 8
Thank you for the help, I have changed the formula to 13. What should I change on the rest of the settings and inputs? My PP is correct but not the Support and Resistance lines. Thank you again.

[2014-06-11 21:25:56] #20 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
There are no other changes needed. If the pivot point is correct, the other calculations will be correct as well. We have verified the formulas. You can manually do the calculations using the same formulas to see they are correct. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2014-06-16 06:22:55

[2014-06-12 14:16:04] #21 [Go To First Post]
User92158 - Posts: 8
Using Sierra Pivot point daily and 13 as formula type the Pivot point is at 1937.00 When I manually do the Fibonacci lines the Pivot point is at 1935.75 I must be missing something. Thank you again for your help...

[2014-06-12 16:27:03] #22 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
You need to have the Pivot Points-Daily study reference a Historical Daily chart for accuracy. Refer to the documentation here for instructions: http://www.sierrachart.com/index.php?l=doc/doc_PivotPoints.html#s87 Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

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