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BeST Fibonacci Retracement Lines

BeST_Fibonacci Retracement Lines is an MT4 Indicator that by default is based on common  Fibonacci levels but it can also draw any 3 desired levels of Retracement or Support of a trending move. It can be used to identify pullback points but also additionally as a kind of a Trailing Stop.

BeST_Fibonacci Retracement Lines indicator:

by default draws 38.2%, 50% and 61.8% Retracement Levels of the current price move defined using the Highest High (HH) and Lowest Low (LL) of a desired Look Back Period.

it can also draw any 3 desired levels of Retracement or Support of the current move.

Inputs

The Input parameters of the indicator are the following:

Select Look Back Period: It is the number of bars that we Look Back on the Chart defining HH and LL in order to calculate the % Retracement Levels.

Select 1st, 2nd and 3rd Fibonacci Retracement Levels: in fact you can select to be drawn any 3 Retracement % Levels of the current move, you want.

Select Text Font size and Color: You can select the text settings of the drawn levels.

 

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MQLTA Support Resistance Lines
MQL4 Trading Automation
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and display them as Lines on chart. It will also Alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level. The indicator is ideal to be used in other Expert Advisor through the iCustom function. This indicator can be tested LIVE on AUDNZD with the following DEMO https://www.mql5.com/en/market/product/26572 How does it work? The indicat
59 USD
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