Program 48 v1.1 draws two horizontal lines on a chart and fib retracement lines at 23.6%, 38.2%, 50%, 61.8%, 138.2% and 161.8%.
If either the top or bottom line is moved then the Fibonacci levels are adjusted. In addition the lines can be calculated from top to bottom or bottom to top, depending on a user input. The tool also displays the distance between the two lines and that distance expressed in money terms. For currencies that are not denominated in the currency set for your TradeStation account, a conversion is made automatically. See
http://markplex.com/easylanguage-programs/program-48-trade-planner-fib-tool/ for more information.
If either the top or bottom line is moved then the Fibonacci levels are adjusted. In addition the lines can be calculated from top to bottom or bottom to top, depending on a user input. The tool also displays the distance between the two lines and that distance expressed in money terms. For currencies that are not denominated in the currency set for your TradeStation account, a conversion is made automatically. See
http://markplex.com/easylanguage-programs/program-48-trade-planner-fib-tool/ for more information.
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