Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Mon May 15, 2023 5:45 pm
by Jedidiah
"FiboCalc button" that leads to entries with the previous day's high and low + Fibonacci
It will tell you all the stop loss and profit points
It is an indicator that shows the entry point and the rate of profit taking / loss cut taking into account the direction of the previous day's high and low prices and the trend up to that point.
In order to use the data up to the previous day, it will be a signal once a day for each currency pair.
Since the entry, loss cut, and settlement rates are fixed at the beginning of the day, IFO orders are also possible. (“Buy Level” or “Sell Level” is the entry rate, “Stoploss level” is loss cut, and Profit Target 1, 2, 3 is profit taking.)
The information displayed on the upper left of the chart also shows the entry and exit rates, and the risk reward for profit taking is known in advance.
It's a very convenient indicator.
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Mon May 15, 2023 7:24 pm
by Jedidiah
Jedidiah wrote: Mon May 15, 2023 5:45 pm"FiboCalc button" that leads to entries with the previous day's high and low + Fibonacci
Banzai wrote: Fri Jul 24, 2020 10:08 am
OK, a coder showed me how to fix it.
Please download this new version 1.02.
Look like it's working for now.
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Mon May 15, 2023 7:44 pm
by Jedidiah
amdudus wrote: Sat May 05, 2018 9:18 pmUniversal ZigZag Channel
As you know that there are a lot of kinds of ZigZags and ZigZag's strategies. But not all of you know that the ZigZag itself has 2 channels: outside and inside. The outside channel can be used as stop loss levels and as profit targets, the inside channel - as trailing stop and for precise entries.
So please take a look at the advanced UniZigZagChannel_v2.4 600+which has both channels plus Buy/Sell signals with advanced Box alerts.
Also you can apply 4 methods to build ZigZag by using 3 parameters ReversalValue, RetraceMethod and ATRperiod:
periodic (eg. ReversalValue=12, RetraceMethod=0)
percent (eg. ReversalValue=0.5, RetraceMethod=1)
in pips (eg. ReversalValue=20, RetraceMethod=2)
ATR's multiplier (eg. ReversalValue=3, RetraceMethod=3,ATRperiod=50)
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Tue May 16, 2023 9:31 am
by maroka
Rox wrote: Thu Dec 03, 2020 2:47 am
This is one of the best pivot point indicators I've found.
I also made a modification with the 4th level of resistance and support.
Features:
Pivot Points
Fibonacci retracements of the previous day's range
Open, high, low, and close of the previous day
Plots one period in the future for making tomorrow's trade plan
Price labels for all levels
Works on all time frames
Works with multiple instances on at the same time
Thanks for this indi Rox.
@Mrtools, can you please add options for Fibonacci calculation?
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Tue May 16, 2023 10:54 pm
by Banzai
BOS-BreakOfStructure
Price break through a higher high in a uptrend or break through a lower low in a down trend
(Trend Continueation)
CHOCH-ChangeofCharacter
Price break through a Higher low in a uptrend or Break through Lower High in a down trend
(Potential trend reversal)
My rating: 10 out of 10; recommended
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Fri May 19, 2023 7:53 am
by Banzai
GrafAnalysis (on/offbutton)
Draw a daily Fibo from the High & Low of the previous day.
And then draw somediagonal trend lines based on the daily Fibo.
Look at the GREEN diagonal trend lines.
They're based on the High & Low of the daily Fibo.
The rest of the diagonal lines are GANN matrix lines.
Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4
Posted: Sat May 20, 2023 5:29 am
by mrtools
Jedidiah wrote: Fri May 19, 2023 4:57 pm
Dear Mr Tools
I have an optimization request
1. Please add button
2. Please set exclusive color horizontal lines for 38.2 and 61.8 level FIBO lines.
3. Please add exclusive warnings for FIBO 38.2 and 61.8 levels
4. Is it possible to add FIBO Extensions line
Grateful
Was able to add the button. The rest don't think it's possible with fibs done the way they are done.
