Fibonacci Retracement and Fibonacci Time Ratios Combined

[Piotr]

Is it even possible to do the following;

in the case of an anticipated retrace, have input for high low for short or low high for long along with fib time ratios to draw on screen, all based on inputs? Is this beyond the scope of thinkscript's ability?

I found a fib retrace script on this site that automatically draws fibs based on the current day, or chart view, but it doesn't allow user input to determine fib start and end levels. https://usethinkscript.com/threads/auto-fib-fibonacci-levels-indicator-for-thinkorswim.14/ I have no expertise with thinkscript and can't figure out how to modify it for what i need.

it seems that the inputs would be standard 20 inputs for retracements and 12 for ratios. if anyone is unfamiliar with these tools they are available on the tool bar in tos, and when clicked, the dialog appears showing the inputs for each.

example; price from 0 to 100, standard hwb is 50, from 200 to 100, standard hwb 150. https://tlc.thinkorswim.com/center/reference/Drawings/Fibonacci/Fibonacci-Retracements
time ratiios are drawn from start of retrace period to end. https://tlc.thinkorswim.com/center/reference/Drawings/Fibonacci/Fibonacci-Time-Ratios.html

Any help would be greatly appreciated.

Thanks for reading the post!

piotr

 

[SleepyZ]

Is it even possible to do the following;

in the case of an anticipated retrace, have input for high low for short or low high for long along with fib time ratios to draw on screen, all based on inputs? Is this beyond the scope of thinkscript's ability?

I found a fib retrace script on this site that automatically draws fibs based on the current day, or chart view, but it doesn't allow user input to determine fib start and end levels. https://usethinkscript.com/threads/auto-fib-fibonacci-levels-indicator-for-thinkorswim.14/ I have no expertise with thinkscript and can't figure out how to modify it for what i need.

it seems that the inputs would be standard 20 inputs for retracements and 12 for ratios. if anyone is unfamiliar with these tools they are available on the tool bar in tos, and when clicked, the dialog appears showing the inputs for each.

example; price from 0 to 100, standard hwb is 50, from 200 to 100, standard hwb 150. https://tlc.thinkorswim.com/center/reference/Drawings/Fibonacci/Fibonacci-Retracements
time ratiios are drawn from start of retrace period to end. https://tlc.thinkorswim.com/center/reference/Drawings/Fibonacci/Fibonacci-Time-Ratios.html

Any help would be greatly appreciated.

Thanks for reading the post!

piotr

This may give you some ideas of how to use thinkscript to manually create fib retracements at input choices similar to manually input of these in the TOS fib retracement tool.

It hopefully should flip the 0 to 100 to match the direction of the trendline.

Added is a Fib timeseries coded by Mobius. I do not use it and have not tried modifying it if it does not work properly.

input datefrom  = 20230119;
input dateto    = 20230119;
input timefrom  = 933;
input timeto    = 1139;
input pricefrom = high;
input priceto   = LOW;
def bn = BarNumber();
def na = Double.NaN;

def   linefrom = if GetYYYYMMDD() == datefrom and SecondsFromTime(timefrom) == 0 then pricefrom else 0;
def   lineto   = if GetYYYYMMDD() == dateto   and SecondsFromTime(timeto  ) == 0 then priceto else 0;

plot  line     = if linefrom
                 then pricefrom
                 else if lineto
                 then priceto
                 else na;
line.EnableApproximation();
line.SetDefaultColor(Color.WHITE);
line.SetLineWeight(3);

plot hi = max(highestall(linefrom),highestall(lineto));
plot lo = min(highestall(linefrom),highestall(lineto));

def range = AbsValue(hi - lo);

plot f236 = lo + range * .236;
plot f382 = lo + range * .382;
plot f500 = lo + range * .500;
plot f618 = lo + range * .618;
plot f764 = lo + range * .764;

input showbubbles = yes;
input bubblemover = 2;
def b  = bubblemover;
def b1 = b + 1;

def minbar = if timefrom < timeto and highestall(linefrom) > highestall(lineto) then 1 else 0 ;
def minb  = if minbar==0 then secondsfromtime(timeto) else secondsfromtime(timefrom);
addchartBubble(showbubbles and isnan(close[b]) and !isnan(close[b1]), hi[b], if minbar==1 then 100 else 0, hi.takeValueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), lo[b], if minbar == 1 then 0 else 100, lo.takevalueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), f236[b], if minbar == 1 then 236 else 764, f236.takevalueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), f382[b], if minbar == 1 then 382 else 618, f382.takeValueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), f618[b], if minbar == 1 then 618 else 382, f618.takeValueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), f500[b], if minbar == 1 then 500 else 500, f500.takevalueColor());
AddChartBubble(showbubbles and IsNaN(close[b]) and !IsNaN(close[b1]), f764[b], if minbar == 1 then 764 else 236, f764.takevalueColor());

hi.setdefaultColor(color.white);
lo.setdefaultColor(color.white);
f236.setdefaultColor(color.cyan);
f764.setdefaultColor(color.cyan);
f500.setdefaultColor(color.white);
f382.setdefaultColor(color.yellow);
f618.setdefaultColor(color.yellow);

# Fibonacci Time Series by Mobius
rec bar1 = if GetYYYYMMDD() == dateto and secondsfromtime(timeto)==0
              then Bn
              else bar1[1];
rec bars = if BarNumber()[1] == bar1[1]
              then 2
              else if bn[1] > bar1[1] 
              then bars[1] + 1
              else 0;
def coeff = Sqrt(5);
def smallest = 5;
def n = Floor(Log(bars * coeff + 0.5) / Log((1 + Sqrt(5)) / 2));
def inSeries = n != n[1] and bars >= smallest;
def Series = if inSeries
                then bars
                else Double.NaN;
AddVerticalLine(secondsfromtime(timeto)>=0 and Series, "FTS: ( " + Series + ")", Color.gray, Curve.SHORT_DASH);