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Smart Fibo indicator

MQL4 Indicators Experts C++ Java MySQL

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Execution time 5 days
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Specification

I need a smart Fibo indicator. The indicator will determine ABCD boundaries.
I will personally determine the A which is the lowest or highest point in the trend depending if it is an upward or downward trend. The Fibo determine the B,C,D. Once D is reached, the smart Fibo start to draw the new fibo.

Parameters

Upward trend

“A” is the lowest point with two candle higher to the left and right.

“B” is the 1st high after A with two candles to left and two candles to the right higher than B.

“C” is the lowest point after the AB boundary.

“D” is the corresponding extension to the “C” retrachment.

For the new Fibonacci, “C” becomes the new “A” and “B” becomes D.


The reverse is the same for downward trend.

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30 - 40 USD
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from 1 to 3 day(s)