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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Extreme Value Sniper is a detrended price indicator  Indicator finds the potential reversal levels by checking value ranges and price cycles. MT5 Version of the product :  https://www.mql5.com/en/market/product/114550 It shows the overbought and oversold levels using the average range. Overbought Levels are between 4 and 10 Oversold levels are bewtween -4 and -10 Those levels can be used as a reversal levels. Extreme Value Sniper look for some special divergence and convergence patterns to c
TrendMaestro
Stefano Frisetti
4 (4)
Indicators
Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
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