Fibonacci Price Time Zones Map
- Indicators
- Version: 1.0
- Activations: 5
Fibo Price Time Zones combines Fibonacci price levels with Fibonacci time targets and draws them on the chart as boxes (price x time zones). It helps you organize which price areas to watch and roughly when. Where boxes from several waves and from higher timeframes overlap, the area is emphasized in three levels. Base waves are built only from confirmed swings, so a confirmed box does not move afterwards (see the conditions below). This is the MetaTrader 4 version; the calculation, inputs, defaults, display and alerts are the same as in the MetaTrader 5 version (sold separately).
WHAT IT DRAWS
- Price levels: retracement 38.2 / 50 / 61.8 / 78.6 %, extension 100 / 127.2 / 161.8 % (each can be turned on or off; 78.6 % and 127.2 % are off by default).
- Time targets: wave length in bars x 0.382 / 0.618 / 1 / 1.618 after B (0.382 is off by default).
- Boxes: price level +/- a fraction of ATR(14) x time target +/- a few bars.
- Confluence: boxes of the chart timeframe and of up to two higher timeframes (the next two steps up by default) that overlap in both price and time are emphasized in three levels.
- Clean default view: only the latest wave and the boxes with confluence. You can also show all waves, confluence only, or the latest wave only.
- Extension measured from B (default) or from C (A-B-C projection).
- Info table: Dow trend of each timeframe, base wave (A and B with price and time), next time target in Japan time (JST), and the nearest price zone with its distance. The detailed table also counts upcoming confluence areas by level. The table goes to the corner that hides the fewest zones (or a corner you choose).
- Dow trend option: the trend of each timeframe (pullback low / rally high method) is calculated, and retracement boxes on the trend side are slightly emphasized. Can be turned off.
- Alerts: price near a box, price entered a box, new confluence box. Pop-up, sound, push notification and / or e-mail.
- Chart text, table and alerts in English or Japanese.
HOW TO READ THE TIME TARGETS
If wave A-B took T bars, the boxes mark T x 0.618, T x 1, T x 1.618 (and so on) bars after B as time windows where a reaction is more often watched for. Combined with the price levels, they show where and roughly when a price area is worth watching. They do not predict a turning time.
IMPORTANT
- Not a buy / sell signal, not a take-profit or stop-loss level, and not a probability. It does not promise any win rate or profit, and past charts do not guarantee future results.
- Swings use 5 bars on each side by default, so a swing is confirmed 5 bars late. The B point of the latest wave can still move: if a higher high (or lower low) swing is confirmed, B is replaced and the boxes of that wave are redrawn. Boxes of earlier, confirmed waves do not move.
- Confluence levels are recounted when new waves appear, so they can change.
- Future times skip weekends (Saturday 00:00 to Monday 00:00 server time). Holidays and year-end closures are not skipped, so the actual bars arrive later than shown. For symbols with a daily break (gold, indices), targets on short timeframes appear earlier by the length of the break.
- Waves smaller than the minimum size (1.0 x ATR(14) by default) or shorter than the minimum length (3 bars by default) are not used as base waves.
- C-based extensions are drawn only after C is fixed (after the next turning point after C).
- The distance is measured from the last closed bar of the chart timeframe. If a higher timeframe's data is not loaded yet, its row shows "Waiting for data".
- Bar boundaries (for example the opening hour of H4 bars) can differ between brokers and between MT4 and MT5, so waves, boxes and table times can differ for the same symbol. Everything is calculated from the bars of your own terminal.
- Objects whose names start with "FPZ_<number>_" are treated as this indicator's drawings and are cleaned up. Do not use such names for your own objects.
- Push notifications and e-mail need the terminal's notification / e-mail settings.
- Turn off "Chart on foreground" in the chart properties (F8). If it is on, candles are drawn over the boxes and the table.
- MT4 limits: the input dialog has no group headers; box outlines are drawn with lines and long texts are wrapped. Japan time is derived from the time of the latest received tick; without a fresh tick (for example while the market is closed) a standard offset is used for the time being.
OTHER
- MetaTrader 4 only (it does not run on MT5; the MT5 version is a separate product). Works on any symbol and timeframe.
- Two copies can run on one chart (for example B-based and C-based extensions). Works with templates and after a terminal restart.
- No DLLs, no external files, no internet access.
- Works on the same chart as Elliott Wave Auto Count and Dow Structure Multi Timeframe by the same author.
- Support through MQL5 messages, reply within 3 business days: installation, settings and bug reports only. Questions about market views, trade decisions or how to read a result cannot be answered.
