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Fibo Levels Custom

Description 

Fibo Levels Custom is a color multicurrency/multi-symbol indicator that automatically plots Fibonacci levels on the Market Mood Oscillator 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). 

Rising and falling lines of the indicators can be colored.

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 can 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 visualization of market trend prediction with a high degree of probability.

Any calculated indicator 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. Main line of the indicator - buffer 4.
  2. Rising line of the indicator - buffer 0, must not be equal to EMPTY_VALUE.
  3. Falling line of the indicator - buffer 1, must not be equal to EMPTY_VALUE.
  4. Fibonacci retracement of the bullish trend - buffer 2, must not be equal to -1.
  5. Fibonacci retracement of the bearish trend - buffer 3, must not be equal to -1.


Input Parameters

  1. Currency_Name - name of the financial instrument.
  2. Ind_Period - indicator calculation period.
  3. Fibo_Bars_Number - number of bars for calculation of Fibonacci levels (recommended value is 240).
  4. Show_Time - permission to display the time remaining until the completion of the current bar.
  5. Show_Percen - permission to display the current Fibonacci retracement.
  6. Fibo_Bulls - color of Fibonacci levels in the bullish environment.
  7. Fibo_Bears - color of Fibonacci levels in the bearish environment.
  8. Fibo_Style - color of the auxiliary line.
  9. Time_Info - color of the displayed information.
  10. Value_Line_Color - line color of the current indicator value.


Recommendations

Before using the indicator, please update historical data of financial instruments for all the required time frames.

If number of bars in history of chosen symbol is less than or equal to Ind_Period the indicator will be inactive. Please update the history!   

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

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Description A colored channel indicator Price Channel to be drawn on the main chart of a financial symbol. It can color bullish and bearish moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel. Purpose The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:  The middle line of the indicator - buffer 4. The upper line of the
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Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial ins
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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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Versión 1.24 2020.03.26
Updating
Versión 1.23 2014.09.09
Changed the way the lines are colored.