Fibonacci Retracement Exact Percentage

 

Hello
in the mt4 we have fibonacci retracement tools
for point C we can use of static retracement of percentage that is not exact
I need tool for calculate point C with exact percent of retracement
is there Indicator , EA , Script or anything can help me do that?

I attaced picture for more detail "I want show me 65% for point C"

Thank you in advance for your advise

Files:
 
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Hi

You can also write your own script for that, simply you just need to find prices for the Fibo retracement and price of C point and then use this formula to calculate the value:

double getFibo(){
   double distance = MathAbs(p1-p2);
   int dir=0;
   if(p1>=p2){
      dir=-1;
   }
   else {
      dir=1;
   }
   double level= (priceC-p2)*100/(dir*distance); //%
   return(level);
}

Have a nice day👍📊

 
Marzena Maria Szmit #:

Hi

You can also write your own script for that, simply you just need to find prices for the Fibo retracement and price of C point and then use this formula to calculate the value:

Have a nice day👍📊

Thank you
may you please explain more?
I don't know how use that.

Files:
FibRet.mq4  2 kb
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