Auto Fibonacci indicator - page 8

[ahmed]

Dear All , Thanx for your fantastic efforts

But may i ask for a fibonacci indicator that calculate yesterday High and low and draw these levels on today

i allready have that indicator but i need to add the backtest function to it

Ex: calculate monday hi and low and draw fibonacci levels in tusday, calculate tusday hi and low and draw fibo levels in wednesday and so on

Thanx in advance

[rabih74]

Spudo

Hey Ahmad,

Use Spudo, will do exactly what you're asking for.

Rabi.

[ahmed]

Dear Rabih thanx for your reply

but this indicator only shows the last day levels only , and i need backtest function

1st picture shows you after i attached the indicator

but what i need is something like pivot levels that draw all pivot levels for all past days

Regards

[wapminnin]

thanks

thanks from a newbie slowly learning.

[Tokarus]

Hi Ahmed,

Attached please find the Fibonacci_Daily indicator that draws fibs based on hte previous day's hi/lo

the levels drawn are:

+1.618 extension (target 2)

+1.272 extension (target 1)

previous high - fat green dots

0.618 retracement

0.382 retracement

previous low - fat red dots

-0.272 extension

-1.618 extension

ahmedalhoseny:
Dear Rabih thanx for your reply

but this indicator only shows the last day levels only , and i need backtest function

1st picture shows you after i attached the indicator

but what i need is something like pivot levels that draw all pivot levels for all past days

Regards

[Dike]

Auto fibonacci

Hello all, compliment of the season. Please where can i download auto

fibonacci indicator?

Thanks!

[LGH]

Duitman:
I've searched the forum but can't find the MT4 fibo indicator that displays both the retracement and expansion simultaneously vs the two separate indicators that come with MT4.

Can anyone assist?

Thanks.

Here is another Fib tool.

Plus a couple of my other favorites.

[xx3xxx]

saw both sophisticated FIBO and S/R before

xard got some cool FIBO shown to us before

but FIBO generally true in 15m chart

and FIBO tried to tell the story that JUST HAPPENED

while S/R change too fast, so it can't really be used in LIVE trading for perdiction

[Kosai]

Multi-Colored Fibonacci Retracement Tool

Anyone know if this indicator exists or willing to create one? It's a tool that I see a lot of request for but have never found.

I'm looking for a Fibonacci tool just like metatrader's except it has multiple line colors.

Here's how it can be programmed:

1. Use one primary line where you can pick a high + low on the chart to calculate all the levels.

2. Create 3 fibonacci, each with it's own line style and color.

3. Overlay all 3 fibonacci using the high/low of the primary line

4. If I modify the primary line and refresh the chart it should update the other 3 overlay fibos.

Here's what the Fibos would look like:

Fibo 1:

... black solid line

... levels: 1.0, 0

Fibo 2:

... dashed gray lines

... standard inner levels (0.382, 0.50, 0.618, etc)

Fibo 3:

... another dash style, any color

... standard extn. levels (1.618, 2.618, etc)

The tool can be modified to whatever levels people want colored, since they only need to copy the portion of the code to add another level. The reason it's very useful is that you can have your targets in green, stops in red, entry in gray,etc. Or, like I use it, you can give weight to different levels relative to price action.

Has anyone seen this tool or can program it?

Cheers

[Kosai]

Colored Retracement Tool

Here's an example that I did manually to give an idea of what the tool could look like.