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Two Fibonacci lines with Buy and Sell arrows MT5

Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ...

By definition, it starts from 0 and 1, the next number is calculated as a sum of two previous numbers.

Instead of the standard moving average, the indicator uses the following calculation of average price: Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 + Bar21 + ...

This indicator shows 2 moving Fibonacci lines and arrows when 2 these lines crossing each other.

If an Aqua line is crossing a Yellow line from below then an Aqua arrow appears. This is an indication of an Uptrend.

If an Aqua line is crossing a Yellow line from above then a Yellow arrow appears. This is an indication of a Downtrend.

Input parameters

  • FiboNumPeriod_1 - numbers in the following integer sequence for Fibo Moving Average 1.
  • nAppliedPrice_1 - applied price.
  • FiboNumPeriod_2 - numbers in the following integer sequence for Fibo Moving Average 2.
  • nAppliedPrice_2 - applied price.
The indicator will show lines and arrows for first 500 bars (starting from current bar).
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