Fibonacci Retracement Exact Percentage

[vahid jannati]

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

[[Deleted]]

Your topic has been moved to the section: MQL4 and MetaTrader 4
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893

[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:

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👍📊

[vahid jannati]

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.