Fibonacci SR Indicator

5

Fibonacci SR Indicator

This indicator creates support and resistance lines. This indicator is based on Fibonacci Retracement and Extension levels. It will consider many combinations of the Fibonacci levels and draw support/resistance lines based on these. This indicator uses tops and bottoms drawn by the ZigZag indicator in its calculations. The ZigZag can also be drawn on the chart, if necessary.

The indicator considers many combinations of past reversal points and Fibonacci ratio levels, and when it sees confluence of multiple lines at the same price, then this becomes a support/resistance line drawn by the indicator. A future market reversal will often occur exactly at these lines. This is an automatic indicator. So, old lines will be deleted and new lines will be drawn as the market advances.


Settings

  • Bars_Back - A certain number of bars back will be used for all calculations. The lower the number then the fewer reversal points will be used and therefore the less support and resistance lines will be drawn. The more the number of bars back then more reversal points will be used and therefore the more support and resistance lines will be drawn. 
  • Buffer_Space - This represents the maximum number of points between each calculated Fibonacci level required for confluence. The higher the number then the less exact the confluence must be. The lower the number then the more precise the confluence must be and therefore the higher the reliability. For example, let's say it is set to 10 points and the indicator is running on a non-fractional 4-digit broker (so the same as 10 pips). The indicator sees 3 Fib. retracement levels at 1.4995, 1.5000, and 1.5005. There is 10 pips difference here. So, these levels can be used. Let's say the buffer is set to only 5. Then these 3 levels cannot be used since there is a max. difference of 10 which is more than 5. The indicator can look for other combinations of lines though in this case.
  • Count_of_Lines - This controls the number of lines required to be in confluence in order to create a final support/resistance line. The higher the number, then the more reliable the drawn lines will be and vice versa.
  • The rest of the settings should be self-explanatory.


Notes

  • IMPORTANT: Check out our site using the link in my profile to find other FREE indicators and EAs!


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MIKHAIL GVOZDIKOV
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MIKHAIL GVOZDIKOV 2024.01.14 13:14 
 

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Stop searching for and trying new indicators! Get Winshots Massive FX Profits indicator and set yourself apart from the crowd.  Years of trading experience led us to the building of this all in one indicator! Trade like the pro with Winshots Massive FX Profits! This indicator uses the following methodologies to help you become a more consistent profitable trader: - MARKET VOLUME PROFILE - DAILY CANDLE OUTLINE  - ATR LEVELS - DAILY PIVOTS LEVELS - PRICE CYCLES ANALYSIS What is VOLUME PROFILE?
TrendMaestro
Stefano Frisetti
4 (4)
Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
Neo Wave PRO
Nikolay Raykov
5 (1)
Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
Ce produit a été mis à jour pour le marché 2026 et optimisé pour les dernières versions de MT5. AVIS DE MISE À JOUR DU PRIX : Smart Price Action Concepts est actuellement disponible à $200 . Le prix passera à $299 après les 30 prochains achats . OFFRE SPÉCIALE : Après l’achat, envoyez-moi un message privé pour recevoir un bonus gratuit + un cadeau . Tout d’abord, il est important de souligner que cet outil de trading est un indicateur sans repaint, sans redrawing et sans retard, ce qui le rend
PZ Day Trading
PZ TRADING SLU
3.67 (3)
Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
Le système PRO Renko est un système de trading très précis spécialement conçu pour le trading de graphiques RENKO. Il s'agit d'un système universel qui peut être appliqué à divers instruments de négociation. Le système neutralise efficacement ce qu'on appelle le bruit du marché en vous donnant accès à des signaux d'inversion précis. L'indicateur est très facile à utiliser et n'a qu'un seul paramètre responsable de la génération du signal. Vous pouvez facilement adapter l'outil à n'importe que
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MQL Universal EA
Martin Eshleman
4.33 (12)
Summary of the Expert Advisor This EA will trade using standard MT4 indicators such as Moving Averages, MACD, RSI, Bollinger Bands, and so on. The EA was made so that these indicators can be mixed or matched so a number of possibilities can be traded with. Each indicator can be enabled or disabled and many settings are adjustable for each indicator. There are also other features included like multiple time frame capability and money management. As a result, many different trading strategies can
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MQL Trendline EA
Martin Eshleman
3 (2)
Summary This EA will trade semi-automatically based on trend lines or horizontal lines that are manually plotted on the chart by the user. It can handle any number of lines per chart and each line can have its own adjustable settings. This EA manages every line separately based on specific user 'keywords' set for each line. Since each line has it's own independent settings, this is why there are very few shared inputs in this EA. Doing it this way allows for a single EA to manage many lines and
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Custom Pattern Detector Indicator This indicator lets you define your own custom pattern instead of the typical candlestick patterns. Everybody already knows about common candlestick patterns like the Doji pattern. This indicator is different though. The pattern you will define is a custom pattern based on CANDLE FORMATIONS . Once the indicator knows the pattern you want it to look for, then it will go through history on the chart and find matching patterns, make them visible to you, and calcula
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MA RSI Arrows
Martin Eshleman
4 (3)
Summary This indicator is based on the MA applied to the RSI indicator. It draws arrows at the confirmed crosses of the MA over the RSI line. When the MA crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. Inputs All inputs a
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Auto ZZ SR Indicator This indicator automatically draws trend lines using ZigZag top and bottom points. The more ZigZag tops/bottoms that are used, the greater the number of possible combinations. Therefore, the more possible trend lines can be drawn. And vice versa too. The fewer ZigZag tops/bottoms that are used, the lower the number of possible combinations. And therefore, the fewer the possible trend lines can be drawn. The indicator constantly updates the trend lines on the chart as the mar
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MQL Random EA
Martin Eshleman
3.33 (3)
Summary: This EA places a single trade at a time in a RANDOM direction (buy or sell) and uses a simple TP & SL. A lot multiplier is also optional. Once a trade hits TP/SL, it will place another trade in a random direction. And so on. Since it only ever has 1 trade open at a time, it can be used on any broker. Which means it can be used on US brokers with the FIFO rule. Inputs are few and everything is based in Points too. So it can be used on any chart reliably and easily. You will be amazed how
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Summary This indicator is based on RSI and Momentum indicators. It also considers moving averages of these two indicators. The three indicators have adjustable settings. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. The arrows can be used in the EA and the inputs can also be optimiz
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MA Momentum Arrows
Martin Eshleman
4.67 (3)
Summary This indicator is based on the MA applied to the Momentum indicator. It draws arrows at the confirmed crosses of the MA over the Momentum line. When the MA crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. Inputs Al
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Cycles Predictor Indicator This indicator uses past market cycles to predict future price movements. The indicator scans through past data and considers  combinations  of cycles. When cycles  coincide  at the same future date/time then it is considered a valid future prediction. The predictions are drawn as vertical lines on the right side of the chart in the future. A prediction will often result in type of candle (ex. bull or bear) and/or a reversal point (ex. bottom or top) forming at this ex
Gann Time Clusters
Martin Eshleman
2.5 (2)
Gann Time Clusters Indicator This indicator is based on W. D. Gann's Square of 9 method for the time axis. It uses past market reversal points and applies the mathematical formula for Gann's Square of 9 and then makes projections into the future. A date/time where future projections line up is called a 'time cluster'. These time clusters are drawn as vertical lines on the right side of the chart where the market has not advanced to yet. A time cluster will result in a market reversal point (ex.
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eryuechunshen
672
eryuechunshen 2025.05.05 19:17 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Martin Eshleman
11837
Réponse du développeur Martin Eshleman 2025.05.06 11:03
Thank you for the review!
MIKHAIL GVOZDIKOV
143
MIKHAIL GVOZDIKOV 2024.01.14 13:14 
 

Отличный продукт!

[Supprimé] 2014.08.23 14:18 
 

L'utilisateur n'a laissé aucun commentaire sur la note

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