Indicator that Draws Fib lines???

 

Is there an indicator that draws accurate Fibinacci lines and explains how to read them?? Thank you for any help you can give.

 

try this one its good for day trading.

Files:
 

I just put it on the 5 minute GBP and it just has lines with no numbers. Can you briefly explain it?

 

You may also like the ICWR indicator, it is basically the zigzag indicator with auto fib lines. You can have it display numbers or have the levels shaded with different colors.

 

Mazoem,

Where would I find that?

 

So, Mazoem have you got the icwr indicator, thanks

 

This thread has one of the versions in the first post along with lots of info. The entire thread has many different versions with little tweaks. You should find one you like in there... you may even like the system.

http://strategybuilderfx.com/showthread.php?t=15924

 

ICWR:

Just want to say that some versions of ICWR indicator were developed inside our forum:

- https://www.mql5.com/en/forum

- https://www.mql5.com/en/forum/173151

Besides some people were trading using this indicator:

- https://www.mql5.com/en/forum/173410

Alerts for ICWR:

- https://www.mql5.com/en/forum/173751

Very small thread in elite section.

Many people were trying to code ICWR EA according to this indicator and e-book:

- https://www.mql5.com/en/forum/172983

ICWR EAs, indicators and so on:

- https://www.mql5.com/en/forum

The other ICWR EA:

- https://www.mql5.com/en/forum/173452

Fibo.

- Spiral Fibo - AMAZING!

- Fibo & Gann variations

- Zigzag Fibo indicator with alert.

 
 

fibo expansion??

is it have indicator that draw fibo expansion lines???

 

I should point out, there is no accurate way to draw fib lines, they are all subjective.

Reason: