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My Fibo Expa Measure movement utilities with Ma

This indicator can draw user-defined fibo, expa, measure movement and HLine.

First, you can use the MT4 system fibo tool draw a fibo line; and then refresh the chart, fibo line will change to a beautiful Fibo (or D-LEVEL like) node draw by the indicator.

You can delete, drag and add more nodes through simple mouse click and drag operation.

I provided 4 tools as below in this version:

  • Fibo retracement and D-Level (Dinapoli Level);
  • Expansion and wave measure movement;
  • Measure Movement Object;
  • User-defined Horizontal Line;


Indicator Parameters

Ma Sector

The indicator includes a Ma line of EMA(c,15) shift 3, like MA(c,20) for price action trader.

  • Ma Show - show MA line or not, true for show;
  • Ma color - the color of ma indicator line;
  • Ma style - the line style of ma indicator;
  • Ma width - the width of ma indicator;

Horizontal Line

This tool provide more easier operation for draw a lot of horizontal line by trend line.

The operation to draw a user-defined Horizontal Line :

  1. use trend line tools of MT4 draw a tend line;
  2. open line property, append "mmm" to line name;
  3. wait chart redraw or refresh chart yourself and you will see HLine on chart.

Parameters:

  • hline color - the color of HLine;
  • hline style - the style of hline;
  • hline width - the width of hline;

Measure Movement Object Line

This tool provide two objects of measure movement for price action trader.

You can use it to measure spike of a breakout or a object price of a price rally section.

The operation to draw a user-defined Measure Movement Object Line :

  1. use rectangle line tools of MT4 draw a rectangle;
  2. wait chart redraw or refresh chart yourself and you will Measure Movement Object Line on chart.

Parameters:

  • measure movement baseline color - the color of base line;
  • measure movement style - the style of whole line;
  • measure movement object line width - the width of line of whole line;
  • measure movement object 2 show - show object 2 or not? true for show;
  • measure movement object 2 color - the color of object 2;

Expansion Object Line

This tool can draw AB=CD expansion or wave theory ABC for Dinapoli Level traders, wave theory traders and price action traders.

The operation to draw a Expansion Object Line :

  1. use expansion line tools of MT4 draw a expansion;
  2. wait chart redraw or refresh chart yourself and you will Measure Movement Object Line on chart.

Parameters:

  • expa baseline color - the color of base line (AB and BC section);
  • expa line style - the style of line of whole object;
  • expa line width - the width of line of whole object;
  • expa object 1 show - show object 1 or not? true for show;
  • expa object 1 ratio - the ratio of object 1, as example cop=0.618 for D-Levle traders etc;
  • expa object 1 color - the color of object 1;
  • expa object 2 show - show object 2 or not? true for show;
  • expa object 2 ratio - the ratio of object 2, as example op=1 for D-Levle traders, AB=CD for wave traders etc;
  • expa object 2 color - the color of object 2;
  • expa object 3 show - show object 3 or not? true for show;
  • expa object 3 ratio - the ratio of object 3, as example xop=1.618 for D-Levle traders etc;
  • expa object 3 color - the color of object 3;

Fibo

This tool provide a set of operation for drawing retracement object, you can use it to draw Dinapoli Level like lines.

The operation to draw a Fibo:

  1. use fibo line tools of MT4 draw a fibo as first node for the set of same Focus Fibo lines;
  2. wait chart redraw or refresh chart yourself and you will get the first line of Fibo on chart;
  3. use fibo line tools of MT4 draw add more fibo nodes with same start point of the first fibo line;
  4. use delete line function of MT4 to delete node of Fibo;

Parameters:

  • fibo baseline color - the color of base line (node piont horizontal line and focus vertical line);
  • fibo line style - the style of line of whole object;
  • fibo line width - the width of line of whole object;
  • fibo object 1 ratio - the ratio of retracement of one node, such as 0.382 for fibo trader and wave trader, you can use 0.50 for Gann traders;
  • fibo object 1 color - the color of fibo object 1;
  • fibo object 2 show - show object 2 or not? true for show;
  • fibo object 2 ratio - the ratio of retracement, such as 0.618 for fibo trader and wave trader;
  • fibo object 2 color - the color of fibo object 2.
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Version 1.204 - 2016.12.09
12.04
Update function:
Lines draw in lower time frame will be hidden when you change to higher time frame.