Program 74 | Convergent Fibonacci levels from lines drawn with the drawing tool

Program 74 GlobalDictionary Edition (_Program74_GDictVer) allows a user to draw trend lines on a chart with the drawing tools, for which Fibonacci retracement levels are automatically calculated and drawn. As new trend lines are added, _Program74_GDictVer calculates when the Fibonacci levels (horizontal lines) relating to the drawn lines are ‘convergent’ (close to each other according to a user input). The convergent lines are drawn on the chart and their price levels are stored in the GlobalDictionary.

A separate receiver program (_Program74_GDictVer_Rec) reads the information from the GlobalDictionary and draws lines on charts where it is inserted.

The ‘sending’ and ‘receiving’ programs are coordinated by the use of an input: UniqueName. This means that, so long as different UniqueName values are used, it is possible to have several different sending and receiving charts. It is also possible to have a sending chart ‘sending’ levels data to two ‘receiving’ charts.

https://markplex.com/easylanguage-programs/program-74-convergent-fibonacci-levels-from-lines-drawn-with-the-drawing-tool/program-74-globaldictionary-edition/