Happy Devil

Overview

Happy Devil is an Auto-Fibonacci Retracement Indicator designed to eliminate the subjectivity of manual drawing. It identifies market swings automatically

 

Key Functions

1. Visual Legend

  • Blue Lines (0.0% & 100.0%): Represent the boundaries of the current price swing.
  • Red Line (61.8%): Highlights the "Golden Ratio," a critical level for trend reversals or retracements.
  • White Lines: Represent the secondary retracement levels (23.6%, 38.2%, 50.0%, 78.6%).
  • Auto-Extend Right: All lines automatically stretch to the far right of the chart so you can see where the price interacts with the levels in real-time.
  • Fibo % Labels: Percentage values are displayed at the end of each line for quick identification.

 

2. Operational Tips

  • Switching Timeframes: The indicator automatically adjusts its range when you switch from (i.e. M15 to H4).
  • Switching lookback bars: It will always look at the last X bars of the current timeframe.
  • Reducing Noise: If the chart has many long wicks due to news events, switch Calculation Base tto Open/Close for a much cleaner Fibonacci structure.
  • Freeze and Analysis: Freeze the phase where you want to "pause" the chart to plan a limit order entry.
  • Trend Following: Use Keep Start Point Fixed (i.e. False) during a strong trend. It allows to expand as the trend continues, no jumping to a new small swing.

 

Support

If you have questions or want to share suggestions, please leave your comment or contact through the MQL5 messaging system.

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Unlock powerful breakout opportunities The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ]
Market Makers
Mohamed Hassan
5 (4)
Indicators
After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
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