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PipTick Fibo MT5

PipTick Fibo indicator allows to automatically display the Fibonacci retracement levels which represent a significant support and resistance. The range for calculation of the indicator can be taken from previous day, week, month, year or user-specified session.


Levels

  • 100 % (High) of the range from previous session.
  • 0 % (Low) of the range from previous session.
  • 76,4 % of the range from previous session.
  • 61,8 % of the range from previous session.
  • 50 % of the range from previous session.
  • 38,2 % of the range from previous session.
  • 23,6 % of the range from previous session.
  • 138,2 % of the range from previous session.


Recommendations

  • It is very useful to insert multiple copies of our indicator to the chart and watch the levels from daily, weekly and monthly sessions. They tend to work very well as a strong support and resistance levels.


Main Features

  • The indicator shows the Fibonacci of the range from previous session.
  • Six user-definable levels.
  • Alert notifications for indicator lines.
  • Custom session time.
  • Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN).
  • The indicator is non-repainting.
  • Ready for backtesting.
  • Customizable parameters (Colors, Line thickness, Visibility...).
  • Very fast calculation.
  • Available for MT4 and MT5.


Input parameters

  • Session_Mode - Allows to choose between Daily, Weekly, Monthly, Yearly and Custom Session mode.
  • Session_Start_Hour - Allows to set start hour if the session time mode is set. In other case the parameter is ignored.
  • Session_Start_Minute - Allows to set start minute if the session time mode is set. In other case the parameter is ignored.
  • Session_End_Hour - Allows to set end hour if the session time mode is set. In other case the parameter is ignored.
  • Session_End_Minute - Allows to set end minute if the session time mode is set. In other case the parameter is ignored.
  • Sessions_Back - Allows to set the number of sessions to display. When the value is zero, all sessions are displayed.
  • Text_Size - Text size of the indicator levels.
  • Level_1_Value - Allows to set retracement 1 value.
  • Level_2_Value - Allows to set retracement 2 value.
  • Level_3_Value - Allows to set retracement 3 value.
  • Level_4_Value - Allows to set retracement 4 value.
  • Level_5_Value - Allows to set retracement 5 value.
  • Level_6_Value - Allows to set retracement 6 value.
  • Visibility_Line_Description - Allows to enable or disable displaying of description of lines.
  • Visibility_Level_100 - Allows to enable or disable displaying of the previous session high line.
  • Visibility_Level_0 - Allows to enable or disable displaying of the previous session low line.
  • Visibility_Level_1 - Allows to enable or disable displaying of the retracement level 1 line.
  • Visibility_Level_2 - Allows to enable or disable displaying of the retracement level 2 line.
  • Visibility_Level_3 - Allows to enable or disable displaying of the retracement level 3 line.
  • Visibility_Level_4 - Allows to enable or disable displaying of the retracement level 4 line.
  • Visibility_Level_5 - Allows to enable or disable displaying of the retracement level 5 line.
  • Visibility_Level_6 - Allows to enable or disable displaying of the retracement level 6 line.
  • Color_Level_100 - Color of the previous session high line.
  • Color_Level_0 - Color of the previous session low line.
  • Color_Level_1 - Color of the retracement level 1 line.
  • Color_Level_2 - Color of the retracement level 2 line.
  • Color_Level_3 - Color of the retracement level 3 line.
  • Color_Level_4 - Color of the retracement level 4 line.
  • Color_Level_5 - Color of the retracement level 5 line.
  • Color_Level_6 - Color of the retracement level 6 line.
  • Alert - Allows to enable or disable alert notifications when the market touches one of the indicator lines.
  • Alert_Sound - Allows to choose the alert sound.


Outputs Parameters

  • Level_100 - Value of the high of range.
  • Level_0 - Value of the low of range.
  • Level_1 - Value of the retracement level 1.
  • Level_2 - Value of the retracement level 2.
  • Level_3 - Value of the retracement level 3.
  • Level_4 - Value of the retracement level 4.
  • Level_5 - Value of the retracement level 5.
  • Level_6 - Value of the retracement level 6.
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