FibStrike Fibonacci Rejection Zone with Alert
- Indicators
- Version: 1.0
- Activations: 5
FibStrike Rejection is an advanced, high-probability technical indicator designed for MetaTrader 5 traders who want to capture precision reversal entries using a powerful combination of Fibonacci retracements and price action wick rejections.
The indicator automatically detects swing highs and lows over a customizable lookback period, plots the key retracement levels (100%, 78.6%, 61.8%, and 0.0%), and highlights high-probability buy/sell zones. To eliminate false signals and market noise, entry arrows are generated only when a valid wick rejection candle occurs within these critical zones.
Key Features & Advantages
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Automatic Swing Detection: Dynamically scans recent price action based on your configured lookback period to locate swing extremes.
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Precision Fibonacci Zones: Instantly maps out the 100%, 78.6%, 61.8%, and 0.0% retracement levels with shaded, non-intrusive rectangle zones.
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Wick Rejection Filter: Detects powerful pinbar/rejection wicks and prints directional arrows exclusively inside the defined BUY and SELL zones.
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Built-In Multi-Asset Dashboard: Features a sleek, interactive on-screen pair switcher dashboard. Switch between your favorite symbols (e.g., EURUSD, GBPUSD, XAUUSD) instantly with a single click right from the chart!
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Flexible Level Extensions: Includes customizable inputs to extend Fibonacci rays to the right or left across the chart window.
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Comprehensive Alert Suite: Never miss a trade setup. Configure optional Pop-up alerts, Sound notifications, Mobile Push notifications, and Email alerts.
Trading Strategy & Recommended Use
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Entry Signal: Look for the indicator's directional arrow combined with a strong price rejection wick inside the highlighted Fibonacci zone.
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Timeframes: Suitable for all timeframes (Intraday scalping on M15/M30 or swing trading on H1/H4).
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Markets: Fully optimized for Forex majors, indices, and commodities like Gold (XAUUSD).
Input Parameters
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LookbackPeriod / LookbackBars: Period used to identify swing highs and lows.
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InpFibStartLevel / InpFibMidLevel / InpFibEndLevel: Percentage ratios for Fibonacci retracement calculations.
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InpZoneExtension: Extends the visual zone rectangle forward by a set number of bars.
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InpMinWickRatio / InpMaxBodyRatio: Fine-tunes the sensitivity of candle wick rejections.
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Dashboard Settings: Toggle the interactive pairs dashboard on/off and customize the symbol list.
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Alerts & Notifications: Easily enable/disable popup, sound, push, or email alerts.
