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

221
Banzai wrote: Fri Dec 27, 2019 7:45 am From a Russian coder way back in 2006.
"Level Trading 123" is a combo of zigzag and support & resistance trading.
You get the best of both worlds.

blue "X" = resistance line
red "X" = support line

I never use EA before so I don't if it works or not. The EA was written by another coder in 2009.
This could be interesting in conjunction to a good supply/demand indicator (BTW, the one you posted doesn't seem to work for me.)

I'd love to see this Levels indicator with alerts when a new level is hit.


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

224
I modified "#SpudFibo.mq4" to make "Fibo Fan Day Range.mq4".
It's a Fibonacci Fan of the previous day high and low range.
It's a range from the first candle of the day to the last candle of the day.
It's not really from the highest candle to the lowest candle.

It's more like a Gann Fan if you draw from the first candle of the day to the last candle of the day.

On the attached EURUSD chart, we see that there are two high candles and two low candle.
We don't know how to draw which candle to which. The angles will be different.


For the highest candle to the lowest candle, you have to use "Fibonacci_Fan.mq4" at:
viewtopic.php?p=1295400332#p1295400332

Also check out #SpudFibo.mq4 at:
viewtopic.php?p=1295399889#p1295399889
These users thanked the author Banzai for the post (total 4):
Antonio, Jimmy, RodrigoRT7, Jedidiah

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

225
mrtools wrote: Sun May 28, 2017 12:54 am This is a fibo indicator done by (if my memory is right) Mladen, it has alerts on user adjustable levels cross/touch, and an option to fill the candle that has crossed/touched the levels.
mr.tools. can you please update this indicator auto update after each period of 30min onwards
"There is NO GOD higher than TRUTH" - Mahatma Gandhi


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

228
I modified "AC+ GF SD v.01.mq4" to make "HiLoFiboFan.mq4". It's a Fibo Fan.
"AC+ GF SD v.01.mq4" is a Gann Fan indicator from a Russian coder.

This indicator is better than the "Fibo Fan Day Range.mq4" I did before.
viewtopic.php?p=1295400500#p1295400500

In the following example, we see that NZDCHF
bounced off the gray Fibo 50.0 % for January 7th, 2020.


Also check out some Gann books
Pattern Price and Time Using Gann Theory in TA - Hyerczyk 2009.pdf
viewtopic.php?p=1295382646#p1295382646

Integration Of Gann, Elliott, And Fibonacci - Matske 2002.pdf
viewtopic.php?p=1295382310#p1295382310

Best Gann Fan trading strategy
viewtopic.php?p=1295400637#p1295400637
These users thanked the author Banzai for the post (total 3):
Antonio, RodrigoRT7, 太虚一毫


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