Fibo RSI Channels

4

Colored indicator of the linear channels based on the Fibonacci sequence for the RSI. It is used for making trading decisions and analyzing market sentiment. The channel/channels boundaries represent strong support/resistance levels, as they are the Fibonacci proportion levels.

Users can select the number of displayed lines of channel boundaries on the chart by means of the input parameters.

Various options for using the indicator are shown in the screenshots. The middle of the channel is shown in blue. The channel boundaries are displayed in individual color in pairs for each corresponding Fibonacci extension.


Purpose

The indicator can be used for manual or automated trading within an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:

  1. The line of the RSI indicator - buffer 0.
  2. The line of the bullish RSI - buffer 1.
  3. The line of the bearish RSI - buffer 2.
  4. Channel middle line - buffer 3.
  5. Upper 161.8% boundary line - buffer 4.
  6. Lower 161.8% boundary line - buffer 5.
  7. Upper 261.8% boundary line - buffer 6.
  8. Lower 261.8% boundary line - buffer 7.
  9. Upper 423.6% boundary line - buffer 8.
  10. Lower 423.6% boundary line - buffer 9.
  11. Upper 585.4% boundary line - buffer 10.
  12. Lower 585.4% boundary line - buffer 11.

Values of the buffers related to linear channels must not be equal to zero.

Values of the buffers related to the RSI indicator must not be equal to EMPTY_VALUE.


Input parameters

  1. Colored Basic Indicator - coloring for bullish and bearish RSI:
    • true - yes.
    • false - no.
  2. Bars_Number - number of bars for the indicator calculation.
  3. RSI Period - period for calculation of the RSI.
  4. MA Method - MA averaging method.
  5. Applied Price - price used for calculation.
  6. Shift - shift of the indicator in relation to the price chart.
  7. Middle of Channel - Display the channel middle on the chart:
    • true - yes.
    • false - no.
  8. Fibo Channels 161.8% ....... Fibo Channels 585.4% - Display the 161.8% ........ 585.4% channel boundaries on the chart:
    • true - yes.
    • false - no.
Avis 1
Kristmundur Roman Zakharii
3039
Kristmundur Roman Zakharii 2018.07.08 15:08 
 

Great idea to apply Fib to RSI. If Fib channel is applied to RSI signal line the right way - one can find turning points easier. I bought this thing but still I think its more reliable to apply to RSI a free FIb channel available in metatrader. Its simply more accurate as this one plots a channel in a way similar to linear regression channel. So better to do it manually.

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FX Volume : Découvrez le Sentiment du Marché tel que perçu par un Courtier Présentation Rapide Vous souhaitez faire passer votre approche de trading au niveau supérieur ? FX Volume vous fournit, en temps réel, des informations sur la manière dont les traders particuliers et les courtiers sont positionnés—bien avant la publication de rapports retardés comme le COT. Que vous visiez des gains réguliers ou recherchiez simplement un avantage plus solide sur les marchés, FX Volume vous aide à repére
TPSpro RFI Levels
Roman Podpora
4.86 (28)
INSTRUCTIONS RUS  /  INSTRUCTIONS   ENG  /  Version MT5 Fonctions principales : Affiche les zones actives des vendeurs et des acheteurs ! L'indicateur affiche tous les niveaux/zones de première impulsion corrects pour les achats et les ventes. Lorsque ces niveaux/zones sont activés, là où commence la recherche de points d'entrée, ils changent de couleur et se remplissent de certaines couleurs. Des flèches apparaissent également pour une perception plus intuitive de la situation. LOGIC AI - Affi
Cycle Sniper
Elmira Memish
4.39 (36)
Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before purchasing. Videos, settings  and descri
Documentation for connecting Metatrader 4 with Python with a simple drag and drop EA.   A full end-to-end solution ,fully tested ,fast and efficient! The Pytrader ecosystem consists of a python script and a MT4 EA. (  MT5  version ) Further for the licensing an indicator is used.  The communication between the python script and the EA is based on sockets. EA is the  Server   and the python script the  Client .  It is always query(function / python script) and output(data / server). The EA doe
Route Lines Prices - est un indicateur conçu pour identifier les directions des prix. Son interface simple intègre plusieurs algorithmes de calcul du comportement des prix et de leur direction future. Ces algorithmes incluent le calcul de la volatilité et le lissage des prix en fonction des unités de temps utilisées. L'indicateur possède un unique paramètre permettant de modifier la valeur « Calculating price values ». La valeur par défaut de 1 assure un calcul automatique équilibré, utilisabl
Volatility Trend System - un système de trading qui donne des signaux pour les entrées. Le système de volatilité donne des signaux linéaires et ponctuels dans le sens de la tendance, ainsi que des signaux pour en sortir, sans redessiner ni retarder. L'indicateur de tendance surveille la direction de la tendance à moyen terme, montre la direction et son changement. L'indicateur de signal est basé sur les changements de volatilité et montre les entrées sur le marché. L'indicateur est équipé de pl
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The indicator detects the following types of Japanese candlesticks: Doji, Hammer and/or Hanging Man, Shooting Star and/or Inverted Hammer, Spinning Top, Maribozu. The indicator is intended for manual and/or automated trading within an Expert Advisor. There is a possibility to choose colors for bullish and bearish candlesticks. For automated trading, use any indicator buffer of the double type: 0, 1, 2 or 3, whose value is not zero!
The indicator is intended for detecting big (long) and/or small (short) candlesticks. There is possibility of coloring the bullish and bearish candlesticks. The indicator can be used for manual and/or automated trading within an Expert Advisor. The indicator data that can be used for automated trading can be taken from one of four buffers of the double type: 0, 1, 2 or 3. Values must not be equal to zero. 
The indicator of DeMark fractals. The indicator can be drawn on the basis of price data and on the basis of a moving average. There is a possibility to color the up and down fractals. The indicator can be used for manual and for automated trading within an Expert Advisor. For automated trading, use any indicator buffer of the double type: 0 - up fractals, 1 - down fractals! Values of the buffers must not be equal to zero.  A moving average is drawn on the basis of input parameters: Calc_Method 
Stochastic Global
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Description A universal colored indicator Stochastic. The rising and falling lines and the levels of the indicator can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following nineteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. AC - indicator of acceleration. AO
Description A universal colored indicator MACD Histo. The rising and falling of the indicator histogram can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow
Description A colored universal indicator MACD Line (MA convergence-divergence indicator, shown as a histogram). The rising and falling of the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume i
Description A universal indicator RSI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of RSI, moving average lines and thresholds of overbought and oversold levels.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MT4 terminal: AD - an indicator of accu
CCI Global
Igor Semyonov
5 (1)
Description A universal indicator CCI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of CCI, moving average lines and thresholds of overbought and oversold levels.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicato
Description A multi-purpose multi-colored/multi-symbol indicator, which is a set of standard tools from the MetaTrader 4 terminal. The difference is that below the basic price chart it allows to calculate and build in a separate window any of the twenty indicators in a colored form, painting bulls and bears in different colors, for any financial instrument in accordance with the list below:  AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Force - Force Inde
AO Global
Igor Semyonov
Description A colored universal indicator AO (Awesome Oscillator). The rising and falling of the indicator histogram can be colored.   The indicator can be calculated as the standard one or as a derivative on the basis of the following eleven other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow Index. ATR
Description A colored universal indicator MACD Classic (MA convergence-divergence indicator) that combines two indicators: MACD Line and MACD Histo. The rising and falling lines, the signal line and the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distributio
Description The universal colored multicurrency/multisymbol indicator MACD Classic, consisting of two MACD indicators: MACD Line and MACD Histo. The 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 non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist). Inputs Currency_Nam
Description A colored universal indicator/oscillator based on crossing moving averages. The rising and falling lines of the indicator histogram can be colored. The combined use of the line and the histogram increases the level of the analysis when making a decision to open or close deals. The indicator can be calculated as the standard Price Oscillator or as a derivative on the basis of the following eleven other indicators included in the standard package of the MetaTrader 4 terminal: AD - an i
Description A universal colored multicurrency/multi-symbol indicator RAVI. Was proposed by T. Chand as a trend indicator. RAVI means Range Action Verification Index. The 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 non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).
Description A colored multicurrency/multisymbol oscillator of the market mood. The oscillator is designed for detecting the continuation or change of the market mood prior to its occurrence. An excellent example is the screenshots that show all the features of the oscillator. The oscillator 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 non-existent or incorrect name of a fin
Description The indicator determines the appearance of internal bars on the chart, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed internal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. The bullish and bearish mood can be colored. Inputs Sound_Play - a
Description The indicator determines the appearance of the bars that signal of a reversal of current local moods and plays a beep. It also paints these bars in accordance with the bullish and/or bearish priority. You can select the color for bullish and bearish moods. Inputs Sound_Play - a flag that allows the sound notification. Use Detection of the reversal bar can be a signal to perform appropriate trading activities.  The indicator can be used for manual or automated trading in an Expert A
Description The indicator determines the appearance of bars that notify of the reversal of the current trend, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed reversal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. You can select the color for bullish and
Description A universal colored multicurrency/multi-symbol indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator is drawn in a separate window, so below the main trading chart a user can see the development of another financial instrument. It is very useful when considering the combined values of various moving averages for different financial instruments below the main trading chart.  The indicator may be used with any broker, irrespective of
Description A universal colored indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator provides various opportunities for the analysis of prices based on different ways of constructing moving averages in the window of the main financial instrument. You can color bullish and bearish moods. Inputs MA_Type - type of multiplicity: Moving Average. Double Moving Average. Triple Moving Average. MA_Period - the MA period. MA_Method - the averaging met
Description A colored universal multicurrency/multi-symbol indicator Bollinger Bands to be drawn in a separate window below the main financial instrument. The rising and falling line of the main indicator and Bollinger Bands can be colored. The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Force - Force Index indicator. MF
Description A colored universal multicurrency/multi-symbol indicator Channel to be drawn in a separate window below the main financial instrument. The indicator uses the calculation method of the Price Channel indicator. The rising and falling line of the main indicator and the Channel lines can be colored. The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution o
Keltner Channel
Igor Semyonov
5 (1)
Description Keltner's colored channel indicator,also called STARC band, drawn in the main chart window. The indicator uses the calculation technique of the three drawing options: basic, improved and modified . The first two were proposed by Keltner, the third one - by a successful trader L. Rakshe. You can also search for your own best parameters of the indicator. The upper, middle and lower bands can be colored. The indicator includes the basic analytical tool of the market moods by Keltner. Th
Description A colored universal multicurrency/multi-symbol indicator ZigZag to be drawn in a separate window below the main financial instrument. The 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 non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).  The indicator can
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
Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The 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 non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
Description Candlestick Tools  is a colored multicurrency/multy-symbol indicator. It shows one of four standard indicators as a candlestick chart in a separate window below the chart of the main financial symbol. The indicator is calculated based on one of two indicators included in the standard package of the МetaТrader 4 terminal: CCI - Commodity Channel Index. RSI - Relative Strength Index. The default indicator is Commodity Channel Index. The indicator may be used with any broker, irrespecti
Pivot Pro
Igor Semyonov
Description Pivot Pro  is a universal color indicator of the  Pivot Points  levels systems. You can select one of its three versions:  Standard   Old , Standard New  and  Fibo . The system will automatically calculate the  Pivot Point  on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for each level. You can color the indicator lines. Only a method of calculation of the third level of supp
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 inst
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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Kristmundur Roman Zakharii
3039
Kristmundur Roman Zakharii 2018.07.08 15:08 
 

Great idea to apply Fib to RSI. If Fib channel is applied to RSI signal line the right way - one can find turning points easier. I bought this thing but still I think its more reliable to apply to RSI a free FIb channel available in metatrader. Its simply more accurate as this one plots a channel in a way similar to linear regression channel. So better to do it manually.

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