Fibonacci retracements calculation

[jahnvi25]

stock tools has fibonacci retracement where first click shows level 0 and last click shows level = 1 ( so it goes from 0 to 1)
where if you check other charting tools like tradingview,yahoo finance.. they show calculations from 1 to 0 ( first click would show last level.. )

is it possible with highchart to achieve what other charting softwares ?

i have attached the images to show.. (0% -- 1 (100%))
Thanks

sample1.jpg (38.44 KiB) Viewed 250 times

[jakub.s]

Hi,

Thanks for the question!

There's no easy option that you could change in the API, but you can easily modify the fibonacciRetracement function to achieve this result.

Here's a demo: https://jsfiddle.net/BlackLabel/1njLywf6/

Let me know if that helps.

Best regards!

[jahnvi25]

so you mean i have to write my own retracement ? currently i am using stocktools --> mapping --> highcharts-fibonacci which draws one for us..

[jakub.s]

Hi,

If you're creating it through StockTools you could simply set a custom Highcharts.Annotation.types.fibonacci.levels array.

Here's a demo: https://jsfiddle.net/BlackLabel/ndvw5r80/

Let me know if that solves your problem.

Kind regards!

[jahnvi25]

thanks a lot for reply.. this is really useful. but can i take this to next level ? meaning if i change the level.. then force the re-calculation of retracement which is drawn on screen ?

[jahnvi25]

sorry for reply again.. but i did look at closely.its not working as what we need.. i would need to change the calculation... so that when user clicks on first candle. (that price should start calculating at 1(100%) NOT 0..) i dont think thats happening...in the demo.. i am ok with not changing on per user base.. you can ignore older reply... also is there a way we can display real price value as well along with level..

[jahnvi25]

its working as expected.. it was my mistake in some understanding.. and read the annotation code again .. and now its working..

Thanks a lot for help

[jahnvi25]

sorry .. i spoke too soon. spoke to our client. and its still not working as expected.
to demonstrate i have two video links

https://vimeo.com/842976698?share=copy

in the above video you will see that when i click first time. on candle.. its still is not showing 1(100%) and second click is at 100%.

https://vimeo.com/842980443?share=copy

in above yahoo video you will see first click (dark purple) corresponds to 100% or 1 and last click shows 0.. this is what i would like to achieve ?
is this possible with default calculations.. flipping level's array is not seem to be working..

[jahnvi25]

to further demonstrate.. i have code below

https://jsfiddle.net/8qcfzyno/

run the code.. select range '1m' from top.. you will see retracement where first candle is at 1.. even though levels = [0, 0.236, 0.382, 0.5, 0.618, 0.786, 1];

this is what i am trying to achieve with stool tools binding