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Target Fibo Bobokus

The indicator automatically draws Fibo Bobokus levels on a chart.


Detection of Weekly Targets, Support and Resistance

By the end of a week, on Friday night, Fibo Bobokus is drawn from the week's high to its low. It will be a projection of bullish and bearish targets for the next week, as well as support and resistance areas to monitor. Whenever the targets are not achieved in a given week, they are usually achieved at the beginning of next week (Sunday-Tuesday), followed by a massive reversal.


Detection of Daily Targets, Support and Resistance

At the end of the day, Fibo Bobokus is drawn from the day's hight to its low. It will be a projection of bullish and bearish targets for the next day, as well as support and resistance areas to monitor.


Targets

Projected bullish and bearish fluctuation targets should be interpreted as follows:

  • If the market is BULLISH, these are its targets for a specified period.
  • If the market is BEARISH, these are its targets for a specified period.

Price Deviation

It occurs when the level of 100% or 0% is broken, and the market is not able to achieve the bullish or bearish targets. The result will be a massive reversal in the direction opposite to the resistance (if the market was selling before) or to the support (if the market was buying before), and then to the targets on the opposite side of Fibo Bobokus.


Parameters

  • Model_reporting 0 - now, 1 - weekly data, 2 - on weekdays, 3 - general;
  • FiboBobokusMonth — turns on/off drawing Fibo Bobokus month;
  • FiboColor — color drawing Fibo Bobokus month;
  • on/off drawing day lines — enable/disable day lines;
  • Color drawing day lines — the color of day lines;
  • Enable/disable the daily profit target for BUY;
  • Enable/disable the daily profit target for SELL;
  • Color daily profit target for BUY — select color for the daily BUY target;
  • Color daily profit target for SELL — select color for the daily SELL target;
  • Enable/disable the weekly drawing lines — show weekly lines;
  • Color the weekly drawing lines — the color of the weekly lines;
  • Enable/disable the weekly profit target for BUY;
  • Enable/disable the weekly profit target for SELL;
  • Color weekly profit target for BUY — select color for the weekly BUY target;
  • Color weekly profit target for SELL — select color for the weekly SELL target.
pnutfx503
794
2017.05.05 14:02 
 

It works and can be useful but not for me

Version 3.2 - 2015.10.26
An icon has been added.
Version 3.1 - 2015.06.17
Improved display of levels on Mondays as there are brokers who trade on Sundays.
Version 3.0 - 2015.06.03
Added some new features:
- Ability to view the history data considering the usage of the Fibo Bobokus levels as targets for a day and a week.
- Added monthly targets for those trading on long periods.
Version 2.1 - 2015.05.27
Added an option for adjusting the line width.