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ZigZag with Fibonacci

This indicator uses the metaquotes ZigZag indicator as base to plot fibonacci extension and fibonacci retracement based in the Elliot waves.

A fibonacci retracement will be plotted on every wave draw by the ZigZag.

A fibonacci extension will be plotted only after the 2nd wave.


Both fibonacci will be updated over the same wave tendency. Supporting until 9 consecutive elliot waves.



Parameters:

  • Depth: How much the algorithm will iterate to find the lowest and highest candles
  • Deviation: Amount of points variation that will be ignored
  • Back Step: Maximum of candles to back for retracing (zigzag pattern is a lot less confuse with this correction enabled)


One last thing: The Data Window will indicates the zigzag levels and the fibonacci marks. The last data is the wave type code (MT5 only allows float numbers) that can be converted as:


Wave Mark Elliot Wave
0 The first (up or down)
2 The second wave up (retraction)
-2 The second wave down (retraction)
3 The third wave up (extension)
-3 The third wave down(extension)
4 The fourth wave up (retraction)
-4 The fourth wave down(retraction)
5 The fiveth wave up (extension)
-5 The fiveth wave down(extension)
6 The sixth wave up (retraction)
-6 The sixth wave down(retraction)
7 The seventh wave up (extension)
-7 The seventh wave down(extension)
8 The eighth wave up (retraction)
-8 The eighth wave down(retraction)
9 The nineth wave up (extension)
-9 The nineth wave down(extension)

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Market Impulse
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This indicator uses volume and volatility information to indicate the trend or to indicate the market reversion/correction. There are 2 indicators in one. The indicator works in two styles: values ​​per candle and accumulated values. Using the volume and volatility information, when well adjusted, this indicator has a good probability to indicate the right direction, both in lower (M1, M2, M5) and higher (M15, M30) timeframes. Strategy 1: Trend indicator Indicates the operation direction. To u
30 USD
VWAP Bands
Rafael Caetano Pinto
This indicator uses VWAP and projects this VWAP into up to 3 levels, shifted by a percentage of the chart's symbol. How to configure: Choose the symbol and desired graphic time Set the start time of the symbol (in bovespa, WIN and WDO start at 9 o'clock). This time is used as the cutoff reference for VWAP. Check which VWAP period fits the chart better: Ideally, a period when VWAP is not too distant from the chart Set percentage levels: Ideally, you should set levels based on history, so that l
30 USD
Volume Bands Chart
Rafael Caetano Pinto
This indicator marks the relevant volume levels among the day. The two relevant levels are the candle with more volume and the period with more volume of lots transacted.  The filled red background is the range of price with the most relevant volume of the day (probably the big player that is command the game). The purple lines shows the range of price with most volume (probably a area where some big player is accumulating before force a market direction). There is also the dot lines that mark
30 USD
Volume Candle MT5
Rafael Caetano Pinto
This indicator shows the candles with the highest volume in the market, based on a period and above-average growth percentage. It is also possible to activate the "Show in-depth analysis" functionality that uses algorithms to paint the candles with the probably market direction instead of painting based on the opening and closing positions. EA programmers: This indicator does not redraw.
30 USD
Volume Period
Rafael Caetano Pinto
This indicator compares volumes from the same period to previous days instead of calculating the average of previous candles, so it is possible to detect volume anomalies more accurately. I have always been bothered by seeing very large volumes at the beginning of a trading day and almost no volume throughout the day, making volume-based strategies very limited. This indicator can verify the strength of the volume of candles based on previous days, so it is possible to perceive volumes that ar
30 USD
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