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Fibonacci Dimension

FREE

Published: 26 August 2022

Current version: 3.1

Fibonacci Dimension

Name: Fibonacci Dimension
Rating: 4.6 (5 reviews)
Author: Keni Chetankumar Gajanan -

4.6

Indicators
Keni Chetankumar Gajanan -
Version: 3.1
Updated: 1 November 2024

'Fibonacci Dimension' indicator allows display of preset or user-defined multi-timeframe Fibonacci levels. It automatically takes the previous high and low for two user-defined timeframes and calculates their Fibonacci retracement levels. It also considers the retraced level to draw the expansions on every change of price. A complete visual dimension in multiple timeframes allows deriving profitable strategies for execution.

Enhanced functionality to view and customize the default Fibonacci Range using key and mouse click combination (e.g. use Shift key and mouse click together - please refer to User Guide to know more).

The functionalities included are:

Provides an option to consider a preset or custom Fibonacci levels for retracement, extension and expansion.
Displays the calculated multi-timeframe Fibonacci levels as a dimension for visual clarity.
Includes an option to choose the previous ‘Year’ for selection.
Handles the Sunday candle and adds to the previous Friday to calculate the Fibonacci levels for Monday (Day - D1).
Able to define a Fibonacci retracement level as the mid-range to be displayed in a different color. The display of mid-range color considers the previous timeframe candle (bullish or bearish).
Option to have notification alerts on specified timeframe's closing price entry or exit from the mid-range levels. Notification is possible as a sound alert, mobile (MetaTrader app) push notification and an email message.
Supports multiple instances of the indicator on the chart to display multiple sets of timeframe retracements.
Allows to toggle the display of extended line till the start of timeframe period.
Customizable formatting of line, font and colors used by the indicator.
Option to show timeframe, level text, along with price for each level.

Includes Fibonacci Expansion levels to allow you to strategise your exit of trades. The indicator draws the extended retracement levels in case the price breaks the 100 level.

Product Links:	User Guide	MT4 version

more...

Sesay700 2023.12.01 18:33 #

Thanks for this wondaful system, can you please make a little update on the Fibonacci number, can you please remove 23.6 from the other numbers. the right numbers I wanted you to update is 0,38.2,50.0,61.8,70.7,78.6,88.6,100.0, etc. Thanks again for your product I am really appreciate.

1940

Findolin 2023.11.09 10:50 #

Excellent work. And for free. Thank you very much!

134

Flaviona 2024.07.19 18:17 #

Very good

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Filter:

134

Flaviona 2024.07.19 18:17 #

Very good

16427

Reply from developer Keni Chetankumar Gajanan - 2024.07.21 11:25 #

Thank you

Sesay700 2023.12.01 18:33 #

16427

Reply from developer Keni Chetankumar Gajanan - 2023.12.06 09:24 #

Hi #Sesay700,
Thanks for the review and suggestion. To add your requirement might not be the best option as others may have their own preferred levels. I agree that a customized option will improve the product. Let me see how I can incorporate it. ***** Edit: Now Fibonacci Dimension supports user custom levels. I have incorporated a "Custom Version" option in ver. 2.0 released today (06-Dec). You can enter your preferred levels for Retracement, extension and expansion in stored text files. Please refer to the user guide to understand how to configure. I hope you find it useful. *****

1940

Findolin 2023.11.09 10:50 #

Excellent work. And for free. Thank you very much!

16427

Reply from developer Keni Chetankumar Gajanan - 2023.11.09 15:36 #

Hi Findolin, I appreciate you taking the time to review. Thank you.

1090

Mustafa Nail Sertoglu 2023.07.24 14:18 #

THX for free sharing, hope i will find a way to use Fibo. Dimension within my trading strategy

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Reply from developer Keni Chetankumar Gajanan - 2023.07.24 17:49 #

Thanks Nail for the review. For optimal indicator setup and understanding, please read the user guide. I hope you find it useful.

contraror 2022.11.17 02:38 #

Just what I am looking for! It'll be perfect if there's Fibonacci levels #3 and #4 for levels above prev high and prev low. Some minor bugs: 1) Fib 76.4 should be 78.6 instead 2) H1 fib levels not drawn/working (only first-time load working), The other timeframes are working. 1) The

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Reply from developer Keni Chetankumar Gajanan - 2022.12.01 05:44 #

Thanks #contraror for the review. Have updated the indicator today (version 1.3) with new functionalities including an option for selection of 78.6 instead of 76.4 I suppose by #3 and #4, you mean higher timeframes. Do note that you can use multiple instances of the indicator on a chart. Please refer to the user guide on how to configure them. The indicator only displays selected timeframe for chart period lesser than it. For e.g. if you have selected timeframe for #2 as 'H1', the indicator will not display it for chart period H1 and above. Thanks.