Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Published by:: noloxe
Views:: 33582
Rating:: (22)
Published:: 2015.10.30 12:43
Updated:: 2016.11.22 07:32

fibonaccipivot.mq4 (6.26 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Real author:

The indicator of the author LeMan — AllPivotPoint is taken as a basis.

The indicator builds levels channels beginning from the line of closing of previous day, on the basis of data of previous day: dayClose+(dayHigh-dayLow)*fibo*koeff. On Monday, except the level of closing of Friday, the level of opening of Monday is in addition drawn.

mondayGAP defines how to build levels on Monday: if false — levels are drawn from closing of Friday, if true — from opening of Monday;
Days number of days for plotting, counting of today. Zero — the whole days available in the history are processed;
koeff allows to squeeze & stretch a grid of levels. I recommend to put Fibonacci's numbers (0.34, 0.55, 0.618, 0.89, 1.44, 2.33).

fibo eurusd