Fibonacci Bollinger Bands AFL: Calculating Actual Price


Fibonacci Bollinger Bands AFL design by the concept of Fibonacci level. This Amibroker Formula Language is a modify afl. In trading world most of the trader use intraday Fibonacci afl, intraday Fibonacci trend brake system afl, Fibonacci pivots afl but not found the actual price level. This Afl fulfill this need. This Amibroker AFL combine with Bollinger bands and Fibonacci level. These Bollinger bands feature Fibonacci retrenchments to very clearly show areas of support and resistance . 

The Fibonacci Bollinger Bands indicator is based on the same principles as the standard Bollinger Bands indicator developed by John Bollinger. The indicator bases its upper and lower bands on volatility just like the Bollinger Bands indicator does, but instead of using two bands its  uses its Fibonacci all level. It is noted that this Bollinger Fibonacci Bands as used on the VT Forex Trading platform. 

In figure there is three types of level are used. Three are upper side bands and tree are lower side bands. Also there is use middle bands which is mention by Green color. With the honer of those bands price are move by its way. So for that you can easily catch out the actual level of stock or pair price.


Image of AFL [amibroker formula language].


In image we see that there are use tree color like Red, Aqua and Yellow. Those color are use both upper and lower bands which is mention in image. upper and lower levels are denoted by 1.6180, 2.6180 and 4.2360. Price are move by those Fibonacci Retrenchment concept. 


Bollinger Fibonacci Bands for Amibroker AFL CODE



How to Use AFL for Amibroker 

  • Download Amibroker AFL File.
  • Now copy the afl file and paste it to \Program Files\AmiBroker\Formulas\Custom. [For 32 bit]
  • Have you 64 bit operating system? Than paste it to :  \Program Files(x86)\AmiBroker\Formulas\Custom.
  • Go to formula section of Amibroker and you will get the afl in Custom folder.

Watch Our Video Tutorial  | How To Set Amibroker?


“And (remember) when your Lord proclaimed: “If you give thanks , I will give you more (of My Blessings), but if you are thankless (i.e. disbelievers), verily! My Punishment is indeed severe.” | Al-Quran 14 [Ibrahim]:7


One thought on “Fibonacci Bollinger Bands AFL: Calculating Actual Price”

  1. it is very good, but one piece of information is lacking. That is the ration” text” is not mentioned against the band. Pl remodify so that value is mentioned agaist the band.

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