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

#62
I always think why there so not proper fibonacci or elliot wave tool indicator on mt4. There are more then 100 of fibs and other 1000 of systems and indicators but none are built by proper basic rules and conditions.

Like if we discuss fibonacci basics then there is no indicator to draw the retracements properly e.g. retracement extensions and retracement. With this method you will have fibo clusters and you know where the next retracement is going to be confirm with fib (timezone) and an oscilator etc. ....

These indicators like fibo, ew and harmonic patterns are all build on zigzag. EW oscillator this one is most funniest with 50 lines of code.

There no such tool. Anyway my point is there is no use of testing out those indicators on mt4 or mt5 yet.

There is one tutorial for mt5 which is proper explaind and not 50 line of code if someone wants to write it for mt4. OR extend the mt5 one.

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

#64
mntiwana wrote:
Sun Jul 23, 2017 6:41 pm
camarilladt8_1
The version is fixed by Mladen - with options alerts - GMT shift - label shift - line shift - Pivot true/false - Fibo true/false
standard Pivot true/false - Mid Pivot true/false - (including possible required setting for every,color,font color,font size,width,distance) - and unique ID
is this the best indicator to shoow all the important levels?
Know Thy Setup. Know Thyself.

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

#65
Here is an absolute gem made by Mladen called Pivot Touches.
It basically shows the bars that have "touched" pivot levels and also shows the distance from pivot levels and how many bars ago since the last touch of a pivot level. What a neat idea.

It also comes with alerts and whole host of other options.

Thanks to Mntiwana he's fixed it so that it is now compatible with the latest version of MT4!

EURGBPM15PIVOTTOUCH.png
pivot_touches.mq4
(12.84 KiB) Downloaded 1239 times
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How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart


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

#66
mntiwana wrote:
Sun Jul 23, 2017 6:41 pm
camarilladt8_1
The version is fixed by Mladen - with options alerts - GMT shift - label shift - line shift - Pivot true/false - Fibo true/false
standard Pivot true/false - Mid Pivot true/false - (including possible required setting for every,color,font color,font size,width,distance) - and unique ID
I cant get this indicator to work on M1 TF.
Know Thy Setup. Know Thyself.

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

#67
shaileshm wrote:
Sat Jan 13, 2018 4:03 am
mntiwana wrote:
Sun Jul 23, 2017 6:41 pm
camarilladt8_1
The version is fixed by Mladen - with options alerts - GMT shift - label shift - line shift - Pivot true/false - Fibo true/false
standard Pivot true/false - Mid Pivot true/false - (including possible required setting for every,color,font color,font size,width,distance) - and unique ID
I cant get this indicator to work on M1 TF.
Yes,you are right it is not working with me too,might be it is coded the way not to work on M1 - but experts can better explain
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


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