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2017.01.19 16:50

AutoFibAutoTrend_OnParabolic - indicator for MetaTrader 5

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votes: 12

Real author:


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


//| Inputs                                                                |
//---- ZigZag inputs
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // ZigZag timeframe for the indicator calculation
input double Step=0.02; // SAR step
input double Maximum=0.2; // SAR maximum
input bool ExtremumsShift=true; // extremum shift flag
//---- indicator display settings
input string Sirname="AutoFibAutoTrend_OnParabolic"; // Name for the indicator labels
input bool ShowFib=true;
input color FibColor=clrMagenta;
input uint FibSize=1;
input bool ShowFibFan=true;
input color FibFanColor=clrMediumSpringGreen;
input uint FibFanSize=1;
input bool ShowTrend=true;
input color TrendColor=clrDodgerBlue;
input uint TrendSize=5;

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

Fig.1. AutoFibAutoTrend_OnParabolic indicator

Fig.1. AutoFibAutoTrend_OnParabolic indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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