I want to learn more about a Fibonancci indicator - Technical Indicators

hagadol 2007.08.03 07:09 #101

Thanks for answers. All working perfect now.

sljubano 2007.08.10 14:30 #102

Fibo retracement indicator, in separate window.

Go long when price above EMA34 and FIBO_S above 0.

Go short when price below EMA34 and FIBO_S below 0.

Files:

fibo_s.mq4 9 kb

usdjpy_h1.jpg 51 kb

agarwalsharma 2007.09.05 16:32 #103

Fibonancci Indicator

Hello all

I want to learn more about this indicator. I know that it draw the 23.6,38.2 50, 61.8 and 100% of the Fibonacci lines but i do not know what is the 0.00 line that it draw somewhere between those line. does any one know when the indicator draw it? and what is the significant of this line?

I am sure that i can learn a lot from this place.

Thank you

Files:

fiboretracement3d.mq4 16 kb

Need help indentifying indicator Indicator that draws lines Questions from Beginners MQL5

Sergey Golubev 2007.09.06 06:32 #104

agarwalsharma:
Hello all

I want to learn more about this indicator. I know that it draw the 23.6,38.2 50, 61.8 and 100% of the Fibonacci lines but i do not know what is the 0.00 line that it draw somewhere between those line. does any one know when the indicator draw it? and what is the significant of this line?

I am sure that i can learn a lot from this place.

Thank you

Hi agarwalsharma,

I moved your post to this thread (with 2 days redirection and PM'ed to you with this link) so hope you will find this thread. This indicator (you posted) was evaluated here on this thread.

So, use this thread to get some preliminary information and that thread https://www.mql5.com/en/forum/176402 to navigate through the trading systems based on Fibo.

Creating Custom symbol Set RSI-Alert-Indicator: Need help from Here we go..!! Prosource

ssotiro 2007.09.06 07:01 #105

sljubano:
Fibo retracement indicator, in separate window.

Go long when price above EMA34 and FIBO_S above 0.

Go short when price below EMA34 and FIBO_S below 0.

Thanks. This looks interesting. Should the default settings (Target period: 34 and Fibo period: 17) be used for the 1H chart?

pipprospector 2007.09.10 00:43 #106

fibo sprial

The fibo spiral already exists for download, open the navigator and right click on scripts, scroll down to online library,MetaEditor will open and it should be right there in the list, right click to and select download.