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    Variables and Formulas for retracement levels

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    • Right Edge
      Right Edge last edited by Right Edge

      Hi,

      I am trying to make my EA draw horizontal lines at the following percentage levels of the previous day:
      (100, 66, 50, 30, 0 )

      I accomplished the following:
      100 = Daily Bar 1 High
      50 = Daily Bar 1 Median price
      0 = Daily Bar 1 Low

      I tried Variable and formula combinations but I have had no luck with the 66 and 33 percent levels.

      Below is what I accomplished so far.

      0_1674067285121_6s54f6s54f65s4fsfsf.JPG

      0_1674067321199_dgjdgjhgdjhdj.JPG

      This is the project...https://fxdreema.com/shared/rsEtYrKub

      Thank you in advance!

      jstap 1 Reply Last reply Reply Quote 0
      • jstap
        jstap @Right Edge last edited by

        @right-edge If this will help but, if you add high to low divide by 2, you get the 50 mark, so divide by 3 and you get the 33.33 mark, divide by 1.5 and you get 66.66 mark, add and divide and you should get all the levels you need.

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        Right Edge 1 Reply Last reply Reply Quote 0
        • Right Edge
          Right Edge @jstap last edited by

          @jstap Thank you so much for your reply. Unfortunately, I am still having issues. I created the 66 and 33 with the mathematical formula you suggested and I still cannot get the EA to plot the trend lines along side the 0,50, and 100. I don't know what I am doing wrong my friend! If you have any other suggestions please share and thank you again.

          jstap 1 Reply Last reply Reply Quote 0
          • jstap
            jstap @Right Edge last edited by

            @right-edge Put this formula into a comment, this way you can see the number line would draw. If you use a calculator all numbers will match.

            Learn fxDreema Without the Wait!

            My comprehensive book, available on Amazon, is packed with examples and invaluable insights to help you fast-track your learning journey.

            The paperback and hardback editions include MT4 & MT5 QR codes for easy access to all prebuilt projects and robots, including my latest gold trading robot!

            Don’t miss out

            Click here➡️ https://mybook.to/fxDreema to get your copy today!

            Enjoy! 😊

            1 Reply Last reply Reply Quote 0
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