AutoFibAutoTrend - indicator for MetaTrader 5

Real author:

zzuegg

The indicator plots price channel and Fibonacci levels based on the latest ZigZag peaks.

Indicator input parameters:

//+------------------------------------------------+ 
//|  Indicator input parameters                    |
//+------------------------------------------------+ 
//---- Input parameters of the ZigZag
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // ZigZag indicator timeframe for calculation
input int ExtDepth=12;
input int ExtDeviation=5;
input int ExtBackstep=3;
//---- indicator display settings
input string Sirname="AutoFibAutoTrend";  // Name for the indicator labels
input bool ShowFib=true;
input color FibColor=clrRed;
input uint   FibSize=1;
//----
input bool ShowFibFan=true;
input color FibFanColor=clrMediumSeaGreen;
input uint FibFanSize=1;
//----
input bool ShowTrend=true;
input color TrendColor=clrBlue;
input uint TrendSize=5;

The indicator requires compiled ZigZag_NK_Color.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

Fig.1. The AutoFibAutoTrend indicator