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Heiken Ashi Fibo Levels

Description 

Fibo Levels is a color multicurrency/multi-symbol indicator that automatically plots Fibonacci levels on a Heiken Ashi chart in a separate window below the chart of the main financial instrument.

It can be used with any broker, regardless of the name of a financial instrument used because the symbol name must be entered manually as an input parameter. If you enter a non-existent or invalid name of a financial instrument, you will receive an error message saying that the specified financial instrument is unknown (does not exist). 

You can set the number of candlesticks to be displayed, as well as a bullish and bearish color. 

The indicator calculates and plots Fibonacci levels over a certain interval of user-specified bars.

The user can display Fibonacci levels of the bullish and bearish trends in different colors.

Furthermore, the indicator may be set to display the time remaining until the completion of the current bar in <d:h:m:s format, as well as Fibonacci retracements, where:

  • < - an indication of the current bar.
  • d - days.
  • h - hours.
  • m - minutes.
  • s - seconds. 

 

Purpose

The indicator can serve as a tool for intermarket analysis visualization (convergence and/or divergence). 

Furthermore, it can be used for manual or automated trading as part of an Expert Advisor. For automated trading, use the indicator buffer of double type: 

  1. Fibonacci retracement of the bullish trend - buffer 4, must not be equal to -1.
  2. Fibonacci retracement of the bearish trend - buffer 5, must not be equal to -1.


Input Parameters

  1. Currency_Name - name if the financial instrument.
  2. Bars_Number - number of bars to be displayed in a separate window (recommended value is 250).
  3. Bars_Flag - flag to allow to display the number of bars set in the Bars_Number parameter:
    1. true - in accordance with Bars_Number.
    2. false - maximum available number of bars in history. 
  4. Bulls_Color - bullish candle color.
  5. Bears_Color - bearish candle color.
  6. Fibo_Bars_Number - number of bars for calculation of Fibonacci levels (recommended value is 240).
  7. Show_Time - permission to display the time remaining until the completion of the current bar.
  8. Show_Percen - permission to display the current Fibonacci retracement.
  9. Fibo_Bulls - color of Fibonacci levels in the bullish environment.
  10. Fibo_Bears - color of Fibonacci levels in the bearish environment.
  11. Fibo_Style - color of the auxiliary line.
  12. Time_Info - color of the displayed information.
  13. Bid_Line_Color - color of the Bid line.


Restrictions

A chart for each financial instrument can only be displayed once. Otherwise, you will see an error caused by its repeated use which will prompt you to change the financial instrument.


Recommendations

It is recommended to use the indicator with the Bars_Number value not being higher than the number of bars that can fit in one full size window (around 250 bars).

It is further advisable to use the indicator as shown in the screenshots below. 


Note

If the connection with a trade server is lost, the chart will be re-drawn from the beginning using the number of bars set by Bars_Number and Bars_Flag parameters once the connection is re-established and the data is spooled.

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The MT4 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT5 Version ] [ Telegram Version ] Setup Follow our detailed user guide for easy setup. No prior knowled
OrderManager MT4
Lukas Roth
4.63 (19)
Introducing the OrderManager : A Revolutionary Utility for MT4 Manage your trades like a pro with the all-new Order Manager utility for MetaTrader 4. Designed with simplicity and ease-of-use in mind, the Order Manager allows you to effortlessly define and visualize the risk associated with each trade, enabling you to make informed decisions and optimize your trading strategy. For more information about the OrderManager, please refear to the manual. [ Demo ]  [ Manual ]  [ MT5 Version ]  [ Telegr
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Description A universal colored indicator MACD Histo. The rising and falling of the indicator histogram can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow
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Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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Version 1.24 2020.03.26
Updating
Version 1.23 2017.03.28
Update in accordance with requirements of the latest version of MetaEditor.