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(EFS) Auto-Fibonacci Levels (L/S) PRO (Requires AGET)

5. May 2010

eSignal Study:  Automatically draw fib levels of both long and short bias.  The script will display "up" or "down" to give an indication of which direction the levels are drawn from.  If the 0.618 level is broken, it will look to the next larger pullback to determine the fib levels.  

Light gray levels will display the next 50% levels calculated using even larger pullbacks.  In other words, if the currently displayed 0.618 level is broken, one of these gray levels will most likely be the next 50% level drawn.  If a gray line is larger or bold looking, it means it was drawn from a primary pivot.  Thus, it may give a stronger support/resistance.

IMPORTANT: eSignal's Advanced GET is required for this study and it will not work without it!  

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).


 

 


  

 

Study, AGET, Pro, Sup/Res Levels