📌 Fibonacci Entry Zone Strategy – Pine Script v5 Indicator + MT5 Indicator

MQL5 Indicators

Specification


  1. TradingView Pine Script v5 Indicator
    • Detect trend using a moving average filter (SMA 50/200).
    • Identify recent swing high/low (user-input lookback).
    • In uptrend: calculate Fibonacci from swing low → swing high.
    • In downtrend: calculate Fibonacci from swing high → swing low.
    • Highlight entry zone between 0.618 and 0.786.
    • Plot levels for Stop Loss (1.0), TP1 (0.236), and TP2 (0.0).
    • Optionally display a small dashboard showing trend, entry zone, SL, TP1, TP2.
    • Alerts when price enters the entry zone (Buy in uptrend, Sell in downtrend).
    • ❌ Do not plot the Fibonacci tool itself — only show lines/zones.

  2. MT5 Indicator
    • Exact same logic as above, but coded in MQL5.
    • Must display: Entry Zone (0.618–0.786), SL (1.0), TP1 (0.236), TP2 (0.0).
    • Must detect trend (SMA 50/200).
    • Optional dashboard with trend direction, entry zone, SL, TP1, TP2.
    • Alerts when price enters entry zone.
    • Indicator should be non-repainting and error-free.



Deliverables:


  • One .pine file (Pine Script v5, TradingView).
  • One .mq5 file (MT5 Indicator, with source code).
  • Both must compile and run with no errors.


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