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Indicators: Auto-Fibonacci

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MetaQuotes Software Corp.
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182671
MetaQuotes Software Corp.  

Auto-Fibonacci:

Create a Fibonacci retracement object automatically on your graph.

Author: Julien

jay
83
jay  

Thanks, its very useful.

MQL4 Comments
16319
MQL4 Comments  

hi. I thought, fibos should be drawn like that:

isn't it right?

Julien
33
Julien  
v.k wrote:

hi. I thought, fibos should be drawn like that:


isn't it right?


Hi,


If you want to inverse the coodonates of the fibo, just change this line:

if (Open[Band_Period] < Open[0]) {

by

if (Open[Band_Period] > Open[0]) {
Julien
33
Julien  

Well, this indicator is not really accurate.

I'll do it better soon.

edwin
116
edwin  

Is band_period the same as number_of_bars?

MQL4 Comments
16319
MQL4 Comments  

Thanks, not perfect but a great place to start instead of from scratch :) This will save me lots of time.

COACCAUNT
63
COACCAUNT  

Hello Author,

a idea, can you a create this Fib, with an entry Point by a mouseclick. After this, the fib shows the entrypoint automatically to the low, in the result: you have your best fib level, that you search.

thanks

Balduin

cfx2013
10
cfx2013  
How to chage the color permanently ? is there any inputs option ? Thks
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