Fib Time Zones
Author: jarebear00
Creation Date: 3/23/2017 5:50 AM
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jarebear00

#1
Hi, I was wondering what's the script for the fib time zone? I want to add in something.
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Eugene

#2
There is no WealthScript support for Fib time zones. That's a chart drawing object that is added manually.
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ajrdwv07

#3
Eugene, there is in Traders Tip Oct 2004 a WL code for Fibo And Gann Projections ( technique for forecasting time and price turning points). The code for WL does not work. Can you review it and get it working? thanks
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Eugene

#4
No, there isn't enough bang for the buck to get it working.

Oct 2004 had been some 4 years before WL5.NET came and brought the switch from Pascal (Delphi) to C#. Naturally the Pascal code from the article will not work because it's a different, now unsupported language. Even WealthScript Translator would fail at translation of this code because a required $Include study is no longer available.

Sorry but coding from scratch a complex piece of code that does nothing but plotting some eye candy would be too challenging.
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ajrdwv07

#5
I think it is a good tool. I use in TS and it works fine. However you might want to create Fibo Time Zone using two different days (think not the same Fibo TZ in WL). So someone can calculate the Fibo of HH, HL, LL or LH to find clusters and timing the market. Maybe is easier to create and not time consuming for you. More info Fibonacci Trading, Carolyn Boroden. Anyway, thanks for looking at this,