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- 66118
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- Published:
- 2015.12.11 15:56
- Updated:
- 2016.11.22 07:32
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Because I believe in Fibonacci tools, I've decided to add them all in one simple and clean indicator. So here's my first indicator which will draw almost all Fibonacci tools such as Retracement, Arc, Fan, Expansion and Time Zone based on default ZigZag indicator swings.
Update: v1.01 (29/12/2015)
- Added Sunday's calculation for High, Low, Pivot Points.
- Changed ZigZag Depth value to "24" instead of "21" for more drawing accuracy.
- Improved Arc Scale formula.
- Improved the performance of the Indicator.
Features:
- Control the ZigZag values: Depth, Deviation, Backstep.
- You can change the colors, width and style on all tools.
- Ability to draw the tools on fixed Time Frame.
- Show/Hide whatever tool you like.
- Show/Hide extra levels: 14.6, 23.6, 76.4, 88.6, 127.2.
- Show Daily, Weekly, Monthly High/Low with Standard pivot.
- Draw triangles on the latest 6 ZigZag points.
- Show Candle time left.
Credit:
- JimDandy
- WHRoeder
- RaptorUK
- deVries

This Expert Advisor uses three indicators: MA(150), RSI(3) with the levels of 80 and 20, Stochastic(6, 3, 3) with the levels of 70 and 30. The direction of opening deals is based on MA. Entry by RSI and Stochastic. Exit by Stochastic.

The Expert Advisor reverses the orders after closing.

The Expert Advisor moves the Stop Loss in the direction of the price movement using various methods.

This indicator helps determine the end and the beginning of trends based on the inclination of the matches.