Abiroid Auto Fibonacci Indicator
FREE
Veröffentlicht:
11 Februar 2020
Aktuelle Version:
1.10
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Hi,
Please open a new chart and add only Auto Fibo. And see. Mouse over a certain indicator is not very reliable. As indicators are drawn on top of each other.
Another good way to find which indicator is to see the colors tab. To find which indicator has a purple color:
About scalping, all of my indicators work best for at least M15+. Even the scalpers. Because M1,M5 are too unpredictable.
For example the EMA scalper or Sway COG.
Hi,
Please open a new chart and add only Auto Fibo. And see. Mouse over a certain indicator is not very reliable. As indicators are drawn on top of each other.
Another good way to find which indicator is to see the colors tab. To find which indicator has a purple color:
Hi Abir Pathak,
What is the meaning of the colors 2 + 3 (black) for the indicator? Does the function show the range? or what function?
About scalping, all of my indicators work best for at least M15+. Even the scalpers. Because M1,M5 are too unpredictable.
For example the EMA scalper or Sway COG.
Hi Philip,
The 2 and 3 buffers are just to keep a record of Fibo_0 and Fibo_100 price for which bars.
So whenever a higher-high or lower-low is detected, the 0 and 100 buffers shift and Fibo is redrawn.
Colors usual correspond with Buffers in most indicators. So best way to find which buffer is to check the Data Window.
Hi Philip,
The 2 and 3 buffers are just to keep a record of Fibo_0 and Fibo_100 price for which bars.
So whenever a higher-high or lower-low is detected, the 0 and 100 buffers shift and Fibo is redrawn.
Colors usual correspond with Buffers in most indicators. So best way to find which buffer is to check the Data Window.
Hi Abir,
thank you
Hi Abir,
thank you
Very Nice Work Abir 😎
Thank you :)
Helllo Abi, nice work here, but once thing is confusing the alrts for Golden Zone, can you turn off Golden Zone alrts but keep other alerts on??!
I turned golden zone off! Is ok
Ok. Yes, alerts are when golden zone is on.
I'm happy you liked it :)
Thanks for the review.
Hi Abir, is ut possible to set color of fibo hi/lo ray?
i want to color_none ray so it invisible because it confusing with other trendlines on same chart
Hi Abir, is ut possible to set color of fibo hi/lo ray?
i want to color_none ray so it invisible because it confusing with other trendlines on same chart
Hi Max,
Sure. I have created a new version v1.5 with this change:
And added option to Show/hide High-Low Ray
So, just set it to false:
Hi Max,
Sure. I have created a new version v1.5 with this change:
And added option to Show/hide High-Low Ray
So, just set it to false:
Wow thank you so much! I will try it
Hi Max,
Sure. I have created a new version v1.5 with this change:
And added option to Show/hide High-Low Ray
So, just set it to false:
Yes works very well, much better thank you.
Also I wonder if it is possible to 'disappear' the 0 and 100 levels as well?! (as other levels can be written in to display or not)
Yes works very well, much better thank you.
Also I wonder if it is possible to 'disappear' the 0 and 100 levels as well?! (as other levels can be written in to display or not)
Hi Sure,
I'll add that to the next release. Might take me a few weeks.
Regards.
Hello Abir,
I also have a question regarding buffers in this indicator.
Can you please tell me the buffer numbers of FiboBull Colour /and FiboBear Colour ?
Hello Abir,
I also have a question regarding buffers in this indicator.
Can you please tell me the buffer numbers of FiboBull Colour /and FiboBear Colour ?
Hi,
There are no separate buffers, these colors are simply for when Fibo itself is Bullish (in case of Uptrend) or bearish (in case of downtrend):
The buffers in Data Window are for the position of Fibo 0 and Fibo 100. Then it uses Metatrader's internal Fibo to make the object on chart:
Fibo 0 and 1 buffer values are on bar 1. In case you need to use it in another Indicator.
And it will keep updating as new Zigzag is formed.
Hello what does the gold zone mean and is there a way to customize this on M15?
Hi,
Golden zone means the fibo area between fibo 38.2% and 61.8% by default. These levels hold the most weight. But you can customize it. These levels are important because when there is a lot of volatility, and price enters the golden zone with high volume, then it will most likely complete the move till the end of golden zone. I would suggest you read up a bit about fibo and golden levels if you like:
https://www.babypips.com/learn/forex/summary-of-fibonacci
And you can check out this page for more info on how to customize it more:
https://abiroid.com/product/abiroid-auto-fibo-indicator/
For M15, since it is a lower timeframe, I would suggest using a higher period, maybe try 3LZZ fibo for high/low detection as that will use period 34.
And to always trade fibo when there is good volatility. When fibo 0 and 100 are too close together, means price movement is slow and price is ranging. So, not a good time to trade. Fibo can be useful but it's important to study the chart first. And trade it in direction of overall higher timeframe trend.