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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

816 by camp81
Dear Moderators,
If the indicator I am about to describe is already available in the Forex-Station community, I kindly request that you provide a reference to it. I am not a professional coder, but I have come across an interesting indicator on Trading View that calculates the last 20 candles' swing and plots a ribbon, which can be plotted like moving average.
it is about the Fibonacci buy zone between (0.5 to 0.618). candle either closing above or below to buy or sell.
I have used ChatGPT to generate a rough code for the indicator. I understand that the Gurus in this community have the expertise to develop this into a proper, well-functioning MT4 indicator. I would be grateful if you could review the code and provide any necessary improvements.
Although I may not be an active user, I rely on the high-quality indicators developed by this community in my daily trading activities. I am truly thankful for the work you all do in providing these valuable tools.
Please look at the indicator mq4 files and see what improvements can be done. I appreciate your time and consideration in this matter.
Thankyou
fibo.png
FiboGoldenWave.mq4 Downloaded 309 times 3.33 KiB
These users thanked the author camp81 for the post (total 2):
ParallelNative, Kayleb

Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

817 by kvak
camp81 wrote: Wed Jul 10, 2024 3:28 am Dear Moderators,
If the indicator I am about to describe is already available in the Forex-Station community, I kindly request that you provide a reference to it. I am not a professional coder, but I have come across an interesting indicator on Trading View that calculates the last 20 candles' swing and plots a ribbon, which can be plotted like moving average.
it is about the Fibonacci buy zone between (0.5 to 0.618). candle either closing above or below to buy or sell.
I have used ChatGPT to generate a rough code for the indicator. I understand that the Gurus in this community have the expertise to develop this into a proper, well-functioning MT4 indicator. I would be grateful if you could review the code and provide any necessary improvements.
Although I may not be an active user, I rely on the high-quality indicators developed by this community in my daily trading activities. I am truly thankful for the work you all do in providing these valuable tools.
Please look at the indicator mq4 files and see what improvements can be done. I appreciate your time and consideration in this matter.
Thankyoufibo.pngFiboGoldenWave.mq4
I Think, there is something similar CLICK.

You may test it. If you want some addition, write me...
These users thanked the author kvak for the post:
camp81

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