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Heiken Ashi Fibo Levels

Description 

Fibo Levels is a color multicurrency/multi-symbol indicator that automatically plots Fibonacci levels on a Heiken Ashi chart in a separate window below the chart of the main financial instrument.

It can be used with any broker, regardless of the name of a financial instrument used because the symbol name must be entered manually as an input parameter. If you enter a non-existent or invalid name of a financial instrument, you will receive an error message saying that the specified financial instrument is unknown (does not exist). 

You can set the number of candlesticks to be displayed, as well as a bullish and bearish color. 

The indicator calculates and plots Fibonacci levels over a certain interval of user-specified bars.

The user can display Fibonacci levels of the bullish and bearish trends in different colors.

Furthermore, the indicator may be set to display the time remaining until the completion of the current bar in <d:h:m:s format, as well as Fibonacci retracements, where:

  • < - an indication of the current bar.
  • d - days.
  • h - hours.
  • m - minutes.
  • s - seconds. 

 

Purpose

The indicator can serve as a tool for intermarket analysis visualization (convergence and/or divergence). 

Furthermore, it can be used for manual or automated trading as part of an Expert Advisor. For automated trading, use the indicator buffer of double type: 

  1. Fibonacci retracement of the bullish trend - buffer 4, must not be equal to -1.
  2. Fibonacci retracement of the bearish trend - buffer 5, must not be equal to -1.


Input Parameters

  1. Currency_Name - name if the financial instrument.
  2. Bars_Number - number of bars to be displayed in a separate window (recommended value is 250).
  3. Bars_Flag - flag to allow to display the number of bars set in the Bars_Number parameter:
    1. true - in accordance with Bars_Number.
    2. false - maximum available number of bars in history. 
  4. Bulls_Color - bullish candle color.
  5. Bears_Color - bearish candle color.
  6. Fibo_Bars_Number - number of bars for calculation of Fibonacci levels (recommended value is 240).
  7. Show_Time - permission to display the time remaining until the completion of the current bar.
  8. Show_Percen - permission to display the current Fibonacci retracement.
  9. Fibo_Bulls - color of Fibonacci levels in the bullish environment.
  10. Fibo_Bears - color of Fibonacci levels in the bearish environment.
  11. Fibo_Style - color of the auxiliary line.
  12. Time_Info - color of the displayed information.
  13. Bid_Line_Color - color of the Bid line.


Restrictions

A chart for each financial instrument can only be displayed once. Otherwise, you will see an error caused by its repeated use which will prompt you to change the financial instrument.


Recommendations

It is recommended to use the indicator with the Bars_Number value not being higher than the number of bars that can fit in one full size window (around 250 bars).

It is further advisable to use the indicator as shown in the screenshots below. 


Note

If the connection with a trade server is lost, the chart will be re-drawn from the beginning using the number of bars set by Bars_Number and Bars_Flag parameters once the connection is re-established and the data is spooled.

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5 (1)
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Übernehmen Sie die Kontrolle über Ihr Forex-Portfolio. Sehen Sie sofort, wo Sie stehen, was funktioniert und was Ihnen Schmerzen bereitet! MT5-VERSION HIER VERFÜGBAR: https://www.mql5.com/en/market/product/58658 Das Trade Manager Dashboard soll Ihnen auf einen Blick zeigen, wo sich jede Ihrer Positionen auf dem Devisenmarkt derzeit befindet, und das Risikomanagement und das Engagement in Währungen verständlicher machen. Für Händler, die schrittweise mit mehreren Positionen oder diesen Trading
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Roman Podpora
5 (3)
An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility TRADE PRO provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over the right part of the chart and cli
Pro Arbitrage EA   trades based on Arbitrage Strategy. The strategy is like a scalping technology but on three cross currency pairs at the same time. Each trade basket involves three pairs (all open at the same time) and they will close at once when any desired profit reaches. The strategy has no SL technically because all opened currencies are hedged. SL can happen if high slippages on order execution on the broker side. So the strategy is one of the safest ones in the world. MT4 Limitation :
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.86 (63)
Trading Panel für den Handel mit 1 Klick.  Arbeiten mit Positionen und Aufträgen!  Handeln vom Chart oder von der Tastatur. Mit unserem Trading-Panel können Sie mit einem Klick vom Chart aus handeln und Handelsoperationen 30-mal schneller ausführen als die Standard-MetaTrader-Steuerung. Automatische Berechnungen von Parametern und Funktionen, die einem Händler das Leben erleichtern und einem Händler helfen, seine Handelsaktivitäten viel schneller und bequemer durchzuführen. Grafische Tipps und
StarseedFX Smart Trading Tool
Mohamed Elsayed
4.91 (22)
What Exactly Is A Smart Trading Tool? Smart Trading Tool was developed for fast and comfortable trading of the financial markets especially for ORDER BLOCKS TRADERS . It provides traders functionalities, such as: A Drawing Tool One-Click Trading Panel Automated Lot Sizes Calculation based on your risk appetite & Money Management ( Watch this video , how this tool can help manage your risk per trade better!) Built in PRICE LEVELS (Fibonacci, Round Numbers, Daily hi-low, etc) Shows Trading Informa
This is a multi-pair and multi scanner dashboard to find the key signal of BBMA Oma Ally Strategy BBMA consists of the use of 2 indicators: Moving Averages Bollinger Bands BBMA consists of many types of entries: Reentry Extreme Rejection EMA50 GAP (EMA50 to Upper/Lower BB) MHV Full Setup (CSE>TPW>MHV>Direction>Reentry) There are many multi timeframe signals based on this strategy. RRE (Reentry - Reentry - Extreme) REE (Reentry - Extreme - Extreme) REM (Reentry - Extreme - MHV) RRM (Reentry - R
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4.56 (9)
Expert Advisor Risk Manager für MT4 ist ein sehr wichtiges und meiner Meinung nach notwendiges Programm für jeden Trader. Mit diesem Expert Advisor können Sie das Risiko in Ihrem Handelskonto kontrollieren. Die Risiko- und Gewinnsteuerung kann sowohl monetär als auch prozentual erfolgen. Damit der Expert Advisor funktioniert, hängen Sie ihn einfach an das Währungspaardiagramm an und legen Sie die akzeptablen Risikowerte in der Einzahlungswährung oder in % des aktuellen Guthabens fest. PROMO
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Version 1.24 2020.03.26
Updating
Version 1.23 2017.03.28
Update in accordance with requirements of the latest version of MetaEditor.