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Pershikov Fibonacci Retracement

The indicator plots 5 Fibonacci retracements according to recommendations about trend lifetime given by V.V. Pershikov. All lifetime parameters can be customized. Retracements are plotted at the moment of attaching the indicator to the chart and at the moment of scaling. It is made for increase in productivity. If the indicator re-plots on every tick, its operation will be slowed down due to abundance of calculations which come from check of 61.8 level breakthrough. Plotting can be changed manually after the indicator has finished plotting retracements. Remove the indicator from the chart so it could not change manual settings. Retracements won't be removed.

The indicator was developed in cooperation with V.V. Pershikov.


Indicator Parameters

Trend parameters

  • EndBarNumber = 1 — This parameter determines the last candle till which retracement will be plotted. Default value is 1 – this is the last candle on the chart (0 is the current candle). The current candle is not completed yet. So if we set this parameter to 0, we should be ready for redraw.

Trend break parameters — Adjustable Parameters for Trend Breakthrough.

  • TrendBreakEndLevel = 0.618 — Level to break through to "cancel" a trend. Retracement plotting is checked for breakthrough of this level. Its default value is 61.8 according to V.Pershikov.
  • TrendBreakCandlePercent = 100 — Part of a candle body as percentage, which must be broken through by the specified level of trend cancellation to record such cancellation. Attention! According to V.V.Pershikov this percentage is 66%. Default value is 100%. That means that the entire body of the candle must be above/below the level.
  • ShowAdditionalLevels = false – if set to True, it shows additional levels: 76.4, 85.4, 91.

Further, there are setting parameters for plotting retracements for each timeframe. I will describe settings for H1, other timeframes are set similarly.

  • NameH1 = "PRH1" – Name of Fibonacci line object
  • TrendMinBarsH1 = 10 – Minimum allowed number of H1 bars in the trend according to which retracement is plotted
  • TrendMaxBarsH1 = 400 – Maximum number of H1 bars to plot retracement
  • TrendMinSizeH1 = 0 – Minimum number of pips in the trend (particularly pips, not points, i.e. for 1.10182 point of EURUSD the fourth digit is 8, and pips for the fifth digit is 2). If there are less pips, the trend is considered to be absent.
  • FiboColorH1 = Purple – Retracement color. We took default value according to V.Pershikov
  • FiboStyleH1 = 0 – Style of retracement lines (dashed, dot-and-dash)
  • FiboWidthH1 = 1 – Width of retracement lines
  • BreakCheckStep = 1 — Parameter influencing on productivity. Trend breakthrough is calculated not on every candle but in a number of candles specified in the parameter. If there are no any productivity problems, leave default value.
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Engulfing Bar Indicator
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Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely based on price action. Inputs of the indicator are : Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in a popup window EmailAlerts (true/fals
97 USD
MTF Supply Demand Zones
Georgios Kalomoiropoulos
Next generation of automated supply and demand zones. New and innovative algorithm that works in any chart. All zones are being created dynamically according to price action of the market. GET ALERTS WHEN A NEW ZONE IS FORMED  New Features: Alerts when a new Supply/Demand Zone is created. You have the possibility when a new zone is formed to get push notifications.  Zone width labels in pips One more timeframe on MTF. So now instead of 2 timeframes above the current you will be able to see 3 t
189 USD
TPA Sessions MT4
InvestSoft
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
50 USD
Super Bollinger Bands
Mihail Matkovskij
This is a forward-looking indicator for trading on all instruments. An advanced version of Bollinger Bands indicator created by outstanding analyst John Bollinger. One of the main differences of Super Bollinger Bands indicator from its predecessor consists in displaying upper and lower bands behavior on the middle line with some specific colors. Thus, the indicator gives a trader some visual information about trend development at the moment, and not in the past, as majority of other indicators d
60 USD
Engulfing 13EMA
Janelovey Rongomaiwahine Kappely
Description: The Engulfing 13EMA is a Multi Timeframe Indicator that scans Multiple Symbols which will help you to identify potential trade set ups. As well as Forex, it can scan Crypto, Exotics, Metals, Indices, Energies or what ever else you have in your Market Watch list. You also have the option to enable/disable the time frames you want to scan. (M1,M5,M15,M30,H1,H4,D1,W1,MN1) All of these options are made possible from just ONE chart, from which the Indicator is attached An alert is
80 USD
Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
199 USD
Blahtech Supply Demand
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
119 USD
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