Fibo Alerts MT5
- Indicators
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William Oswaldo Mayorga Urduy
MQL4 and MQL5 trader and developer since February 2019, delivering projects in under one day and providing post-delivery technical support.
Optimized code, advanced logic, and high-quality code. - Version: 1.0
Professional Fibonacci Alerts Indicator
Boost your Trading with Precise Retracement Alerts
This advanced indicator automates the monitoring of your key levels by detecting exact price crosses on any Fibonacci retracement tool drawn on your chart. Designed for demanding traders who operate with golden ratios, it ensures you never miss an entry opportunity in probable reversal or continuation zones, sending instant notifications directly to your terminal, mobile, or email.
Parameter Guide (Inputs Menu)
Activate: Quickly enables or disables the indicator's monitoring functions without needing to remove it from the chart.
BarCross: Defines the validation criteria for the price cross. You can set it to alert during the live movement of the current candle, or require the alert to be issued only at the candle close (ideal for confirming definitive breakouts or rejections).
Fibonacci Levels for Alert: Allows customization of the exact percentage levels you wish to monitor simultaneously. By default, it includes institutional ratios such as 0.382, 0.5, 0.618, and 1.0, modifiable according to your trading strategy; they must be written separated by commas and without spaces.
SendAlert: Enables classic pop-up windows with sound alerts within the trading terminal.
Sendmail: Activates detailed confirmation emails to the address linked to your platform.
Sendpush: Activates ultra-fast notifications to the MetaTrader mobile app, essential for traders managing capital on the go.
Visual Interpretation
The system is designed to operate completely clean, without cluttering your analysis area or adding strange elements. You only need to draw a conventional Fibonacci retracement identifying your main impulse (whether bullish or bearish). The algorithm automatically assimilates and detects the direction and hidden prices behind each level drawn, working uninterruptedly and silently in the background.
Operation Guide
A warning signal is generated in milliseconds when price dynamics reach, touch, or break any of the percentages configured in the Fibonacci projection system. Upon receiving this timely alert, the trader has the advantage to observe the structure, look for exhaustion patterns (such as pinbars or dojis at the 0.618 level), and make execution decisions with a significant analytical and mathematical edge.
Optimization and Recommendations
Exceptional tool for all types of assets, but it shines particularly in Major currency pairs (EURUSD, GBPUSD), Gold (XAUUSD), and Stock Indices where deep statistical retracement levels are frequently respected. It is strongly suggested to use it on high-reliability timeframes such as H1, H4, or D1 and always combining the alert with the "Closed Candle" criterion to filter out fakeouts and manipulation spikes caused by institutional noise.
