SQ Swing Fibo Marker
Swing Fibo Marker is adaptive advanced indicator that automatically detects price swings. After swing detection, it draws five profit targets, entry level and stop loss level.
Levels are calculated base on price swing size, according to Fibonacci levels specified as entry points. When price touch the level indicator create alerts.
List of supported alert types:
- Popup alerts
- Email alerts
- Push notification
- On screen output
Suggested timeframe to trade: H1 or higher. The higher timeframe is used to detect wave, the more stable it is.
Description of the parameters
- SwingSize - this parameter defines sensitivity of the indicator. Parameter accepts Integer values (1,2,3,10,100). The lower number of SwingSize the often flips it will generate.
- EntryLevel, FirstTarget, SecondTarget, ThirdTarget, ForthTarget, FifitTarget - those parameters are Fibonacci ratios. They define entry/exit levels depends of range of the swing.
- PopupAlerts, EmailAlerts, PushNotifications - Yes/No, those paramters turns on/off particular alert types.
- AlertOnEntry - Yes/No, defines if alert should be executed when price touch entry line.
- AlertOnSL - Yes/No, defines if alert should be executed when price touch stop loss line.
- AlertOnFirstTarget, AlertOnSecondTarget, AlertOnThirdTarget, AlertOnFourthTarget, AlertOnFifthTarget - Yes/No, defines if alert should be executed when price hit any of take profit lines.
- Adjusted inner code to current MQL4 language version
- Lowered default font size
- Added option to turn off display on screen
- attached additional information on screen (mode change, size of the swing, stop loss size etc).
- added 5 options to set alerts based on every line