This indicator is a composite of several indicators: Fibonacci, Pivot Point, ZigZag, Stochastic and Relative Vigor Index, which are combined in this indicator.
Nice to meet you!
Please forgive me that you send sudden mail.
I am armature investors to start the FX-Trade become the sixth year is
Has MQL5 Site → Code Base → MT4 Indicators → FiboPivotCandleBar interest,
It is processing that is verified by MT4 of XM Corporation.
I am equivalent indicator originally found from the following site.
Maybe, it assumed that the query is received from my other FX investors
It is doing.
For information, about this FiboPivotCandleBar update 02,
And if you can tell me the next point, it is fortunate.
Q1) 3 This candlestick of two gray axis(A&B) that has been displayed on
the vertical axis (Red candlestick case of Sell, white candlestick in
the case of Buy) is,Asian market, European market, does it show the
three of the US market!
Q2) width of this three candlestick, predicts the trade up and down the
width of the day Although it is assumed that? Now do not mistake!
Q3) 2 This gray axis left, the Fibonacci against the previous day's
Daily (61.8 ~ 0.0)is prediction Candlestick! Or do you have time!
Or more, it is fortunate to be appreciated comment on the three points.
By the way, we will attach a chart that I have displayed verification.
Best egard Tetsuya KISHIDA
how does this indicator work
Correctly whether it is displayed on a light template? It is desirable to allow the color settings.
May I know how to you manage the trade, ie: Stop Loss & Take Profit?
For the labels, how can we make use of them?
Or you can use my EA, AutoTStop EA, free down load on the Code Base: https://www.mql5.com/en/code/11977
For an explanation of the label, you can search for an explanation of the theory of Fibonacci retracement and the theory of the Pivot Point in MQL5 website on Docs or Articles. Because I can not explain to you about the two theories in just a few words in the comments.
Could you please tell me where to find the indicator instruction so I can understand how to read the two bars on screen?