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

324 by FoxFoxicle
Good day everyone, I think this is the best Fibonacci indicator so far with the accuracy and the customization. Also I love this indicator because the labels are shown on the current day so you know where you are even on M1.

The only problem I think is that you cannot back test the last week (as I am using the weekly), I think the lines must be broken per week so you can see previous movement of price for the last week while keeping the current setting (which is current pivot price showing on the right part of chart).

Also can anyone add 23%, 50%, and so on or an option to customize the fib levels.

Thank you!
These users thanked the author FoxFoxicle for the post (total 2):
nanangsulle, Jedidiah

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

326 by mrtools
@MrTools / @Mladen

I have a request here. I am currently using the indicator attached below. It's a Fractal Support & Resistance and I'd like a couple additions to it.

1. Have an input option to change the period from the built in 5 to whatever I wish. Sometimes people like to have a period of 9 just to have less fractals and false entries.

2. I would like the indicator to also have a EMA option to show the overall trend where you can change the period as well.

3. Finally and most importantly, I need the indicator to give an alert when a fractal level is broken, as in price crosses and closes, confirming the break and must be in line with the trend. For example, if we are going short, price must be below the 200 EMA and price must break through and close under a resistance fractal. Only then will an alert be given. Reverse for long situations. Price must be above the 200 EMA (or whatever EMA period you input) and the resistance fractal must be broken and price close above.

I've linked a quick video here of me explaining it and showing it if its helpful!
Please test this one, not able to verify it works now, and will do the rest as time permits.
These users thanked the author mrtools for the post:
nanangsulle

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