I think your fibonacci is wrong. The correct way to plot fibonacci in an uptrend is from the bottom up, with the zero point corresponding to the top. The pullback comes from the top down, so the lower percentages should be plotted above the higher ones. The reverse should be done in a downtrend. From the image you've provided, a pullback first encounters the 61 per cent level before the 50 per cent.
Hello Ahmed, thanks for your amazing job. I just wonder how can i determine indicator hightolow automatically because i want to use it in my ea as a takeprofit level. What do you think any zigzag indicator is needed to determine its trend or do you have an easier idea how to solve this ?
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Good work, many thanks Ahmed!
I added a namespace to the object names, so it doesn't delete already existing objects.
Hello, I would like to make an indicator with (fibonacci extension) that is shown directly on the chart, if possible, thank you.
Hi I would like to make an indicator with (fibonacci extension) that is plotted on the chart directly, if possible, thanks.
In this thread they are already offering you one. If you want to program it yourself...you still have a lot of studying to do.
https://www.mql5.com/es/docs
Hello where can i get the Mt4 version pls. thanks.
I would also like to, please
Version MT4, please :-)
I think your fibonacci is wrong. The correct way to plot fibonacci in an uptrend is from the bottom up, with the zero point corresponding to the top. The pullback comes from the top down, so the lower percentages should be plotted above the higher ones. The reverse should be done in a downtrend.
From the image you've provided, a pullback first encounters the 61 per cent level before the 50 per cent.