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Fibonacci Dimension

4

'Fibonacci Dimension' indicator allows visual display of the levels. It automatically takes the previous high and low for two user-defined timeframes and calculates their Fibonacci retracement levels. It also considers the retraced level to draw the expansions on every change of price. The complete visual dimension in multiple timeframes allows deriving profitable strategies for execution.

The functionalities included are:

  • Displays the calculated multi-timeframe Fibonacci levels in a dimension for visual clarity.
  • Includes the previous ‘Year’ for selection as a timeframe for calculation.
  • Incorporates the additional Sunday candle to the previous Friday and calculates the levels for Monday (Day - D1).
  • Able to define a Fibonacci retracement level as the mid-range to be displayed in a different color. The display of mid-range color considers the previous timeframe candle (bullish or bearish).
  • Supports multiple instances of the indicator on the chart to display more sets of timeframe retracements.
  • Allows to toggle the display of extended line till the start of timeframe period by a mouse click on the level or text.
  • Customizable formatting of line, font and colors used by the indicator.
  • Option to show timeframe, level text, along with price for each level.

    Also, includes Fibonacci Expansion levels to allow you to strategise your exit of trades. The indicator draws the extended retracement levels in case the price breaks the 100 level.
Product Links:
User Guide
MT4 version
Please note:
  1. The indicator will show errors in “Journal” and “Experts” tabs of the terminal/toolbox (Ctrl+T) window.










Bewertungen 1
contraror
76
contraror 2022.11.17 02:38 
 

Just what I am looking for! It'll be perfect if there's Fibonacci levels #3 and #4 for levels above prev high and prev low. Some minor bugs: 1) Fib 76.4 should be 78.6 instead 2) H1 fib levels not drawn/working (only first-time load working), The other timeframes are working. 1) The

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Auswahl:
contraror
76
contraror 2022.11.17 02:38 
 

Just what I am looking for! It'll be perfect if there's Fibonacci levels #3 and #4 for levels above prev high and prev low. Some minor bugs: 1) Fib 76.4 should be 78.6 instead 2) H1 fib levels not drawn/working (only first-time load working), The other timeframes are working. 1) The

Keni Chetankumar Gajanan -
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Antwort vom Entwickler Keni Chetankumar Gajanan - 2022.12.01 05:44
Thanks #contraror for the review. Have updated the indicator today (version 1.3) with new functionalities including an option for selection of 78.6 instead of 76.4 I suppose by #3 and #4, you mean higher timeframes. Do note that you can use multiple instances of the indicator on a chart. Please refer to the user guide on how to configure them. The indicator only displays selected timeframe for chart period lesser than it. For e.g. if you have selected timeframe for #2 as 'H1', the indicator will not display it for chart period H1 and above. Thanks.
Antwort auf eine Rezension
Version 1.3 2022.12.01
- Added functionalities:
  > Option for selection of 78.6 instead of 76.4 level.
  > Fibonacci retracement (extended) levels in case price breaks the Fibo 100
  > Fibonacci expansion levels for profit taking
  > Allows line display in selected colour across levels on clicking line or price.
- Minor fixes and improvements
Version 1.2 2022.09.20
- Minor fixes and improvements.
Version 1.1 2022.08.31
- Minor fixes and improvements.