how do I calculate the fibo levels from yesterday/previous day.
This is how far I am currently:
int shift = iBarShift( NULL, PERIOD_D1, Time[0] ) + 1; // yesterday
HiPrice = iHigh( NULL, PERIOD_D1, shift);
LoPrice = iLow ( NULL, PERIOD_D1, shift);
StartTime = iTime( NULL, PERIOD_D1, shift);
if ( TimeDayOfWeek( StartTime ) == 0 /* Sunday */ )
{ // Add fridays high and low
HiPrice = MathMax( HiPrice, iHigh( NULL, PERIOD_D1, shift + 1 ) );
LoPrice = MathMin( LoPrice, iLow( NULL, PERIOD_D1, shift + 1 ) );
}
Range = HiPrice - LoPrice;
I think now I should have all values necessary for calculating it.
I am not sure on how I now can calculate the different levels now:
23.6 38.2 50.0 61.8 76.4 and -23.6 -38.2 -50.0 -61.8 -76.4 -100
All necessary Fibo-levels can be added manually as an array - this is the easiest way as far as I know. Then simply loop over such array and
+values are ( high + array[i] / 100 * range ),
values below the fibo - ( low - array[i] / 100 * range ),
where
array[] = { 23.6, 38.2, .. } ( only positive values are enough )