Auto Fab
- Indicatori
- Thabang John Wotsa
- Versione: 1.0
- Attivazioni: 15
Indicator Overview
AUTO FAB is a professional, fully-automated Fibonacci retracement indicator for MetaTrader 5 that combines advanced technical analysis with an intuitive control panel. It automatically detects significant swing points and draws Fibonacci retracement levels in real-time, giving traders a powerful tool for identifying potential support/resistance levels and market reversal points.
Core Features
1. AUTOMATIC SWING POINT DETECTION
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Smart Algorithm: Automatically identifies significant swing highs and lows based on configurable sensitivity
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Real-time Updates: Continuously monitors price action and updates swing points as new market structure forms
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Adjustable Sensitivity: Control how many bars are analyzed and the swing strength requirement
2. INTELLIGENT FIBONACCI DRAWING
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Complete Fibonacci Levels: Standard retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%)
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Automatic Placement: Draws between most recent significant swing high and low
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Dynamic Updates: Adjusts Fibonacci levels as new swing points form
3. PROFESSIONAL CONTROL PANEL
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Real-time Information Display:
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Swing High: Current detected swing high price
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Swing Low: Current detected swing low price
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Price Range: Difference between swing high and low
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Range in Pips: Volatility measurement in pips
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Clean Interface: "AUTO FAB" title bar with intuitive layout
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Responsive Design: Stays visible on chart without obstructing price action
4. COMPLETE CUSTOMIZATION SYSTEM
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Level Toggle System: Individual on/off switches for each Fibonacci level
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Visual Customization:
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Colors: Unique color for each Fibonacci level
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Line Styles: Solid, dashed, dotted, dash-dot, dash-dot-dot
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Line Widths: 1-5 pixel thickness options
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Display Options:
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Price labels on/off for levels
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Extend lines to right side of chart
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Background/hidden object settings
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5. INTERACTIVE SETTINGS PANEL
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One-Click Toggle: Checkbox system for enabling/disabling Fibonacci levels
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Visual Feedback: Green checkmarks for active levels, gray for inactive
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Quick Refresh: Update button for immediate Fibonacci redrawing
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Easy Navigation: Simple open/close functionality
Technical Specifications
Input Parameters:
Detection Settings:
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LookbackBars : Number of bars to analyze (50-500)
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SwingStrength : Sensitivity of swing detection (1-10 bars)
Level Visibility (Toggle each level ON/OFF):
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Show 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100% levels
Visual Customization (Per level):
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LevelColor_XX : Color selection for each level
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LineStyle_XX : Line pattern (0-4 for different styles)
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LineWidth_XX : Line thickness (1-5 pixels)
Display Options:
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ExtendLines : Extend Fibonacci lines to right edge
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ShowPriceLabels : Show price values on level labels
How It Works
Detection Algorithm:
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Swing High Detection: Finds bars with highest high among neighboring bars (configurable range)
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Swing Low Detection: Finds bars with lowest low among neighboring bars
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Smart Selection: Chooses most significant swing points within lookback period
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Fibonacci Calculation: Draws retracement levels between selected swing points
Real-time Operation:
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Continuous Monitoring: Analyzes each new bar as it forms
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Adaptive Updates: Automatically adjusts when new swing points appear
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Performance Optimized: Efficient calculation for smooth operation
Visual Features
Main Panel Elements:
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Title Bar: "AUTO FAB" in professional blue background
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Information Grid:
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Values color-coded (blue=high, red=low, green=range)
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Clear typography with proper spacing
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Control Buttons: Professional styling with hover effects
Chart Display:
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Clean Fibonacci Lines: Non-intrusive, professional appearance
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Clear Labels: Percentage and price information
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Proper Z-ordering: Stays behind price action
Usage Instructions
Quick Start:
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Add to Chart: Drag from Navigator → Indicators → Custom
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Panel Appears: Top-left corner with "AUTO FAB" title
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Automatic Detection: Fibonacci levels drawn immediately
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Monitor Values: Watch swing high/low updates in real-time
Customization Workflow:
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Open Settings: Click "Settings" button
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Toggle Levels: Click checkboxes to enable/disable specific Fibonacci levels
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Refresh View: Click "Refresh" to update Fibonacci drawing
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Advanced Settings: Modify input parameters before adding indicator
Trading Applications:
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Trend Analysis: Identify retracement levels within trends
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Support/Resistance: Use Fibonacci levels as dynamic S/R zones
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Entry/Exit Points: Combine with other indicators for trade signals
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Risk Management: Set stops at Fibonacci extension levels
⚡ Performance Benefits
Time-Saving Features:
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No Manual Drawing: Automatically places Fibonacci levels
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Continuous Updates: Adjusts to changing market conditions
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Accurate Detection: Algorithmic swing point identification
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One-Click Control: Easy level management through settings panel
Accuracy Advantages:
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Objective Detection: Removes human bias from swing point selection
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Consistent Application: Same criteria applied across all markets
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Real-time Adjustments: Adapts to evolving market structure
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Historical Analysis: Backtests well with consistent rules
Target Users
Perfect For:
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Day Traders: Quick identification of intraday retracement levels
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Swing Traders: Clear visualization of medium-term market structure
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Position Traders: Long-term trend analysis and level identification
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Algorithmic Traders: Consistent Fibonacci level generation for EAs
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Technical Analysts: Professional chart analysis and level marking
Experience Levels:
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Beginners: Simple drag-and-drop installation, automatic operation
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Intermediate: Customizable settings for personalized trading style
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Advanced: Complete control over all Fibonacci parameters
Market Applications
Best Performing Markets:
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Forex Pairs: EUR/USD, GBP/USD, USD/JPY
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Indices: S&P 500, NASDAQ, DAX
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Commodities: Gold, Oil, Silver
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Cryptocurrencies: BTC/USD, ETH/USD
Timeframe Compatibility:
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Short-term: M1, M5, M15 (intraday trading)
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Medium-term: H1, H4 (swing trading)
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Long-term: D1, W1 (position trading)
Advanced Features
Smart Detection Logic:
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Adaptive Lookback: Analyzes optimal number of bars for current volatility
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Noise Filtering: Ignores insignificant price fluctuations
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Trend Context: Considers market direction in swing selection
Visual Customization:
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Theme Support: Match colors to your chart theme
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Font Control: Adjust label sizes and styles
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Opacity Settings: Control transparency of levels
Performance Optimizations:
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Efficient Calculation: Minimal CPU usage
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Memory Management: Clean object handling
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Fast Redrawing: Quick updates on new data
Trading Strategy Integration
Common Applications:
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Fibonacci + Trend Lines: Confirm levels with trend line breaks
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Fibonacci + Moving Averages: Use MA crossovers at Fibonacci levels
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Fibonacci + RSI: Look for divergence at key retracement levels
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Fibonacci + Volume: Confirm levels with volume spikes
Risk Management:
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Stop Placement: Below/above key Fibonacci levels
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Take Profit: At next Fibonacci extension levels
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Position Sizing: Based on distance between Fibonacci levels
Why AUTO FAB?
Unique Advantages:
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Complete Automation: No manual drawing required
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Professional Panel: All information in one place
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Full Customization: Control every aspect of Fibonacci display
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Real-time Updates: Always current with market movements
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User-Friendly: Simple interface with advanced capabilities
Compared to Manual Fibonacci:
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✅ Consistency: Same detection method every time
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✅ Speed: Instant level placement
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✅ Accuracy: Algorithmic swing point detection
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✅ Flexibility: Easy level management and customization
Default Settings Recommendation:
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Forex: LookbackBars=200, SwingStrength=5
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Stocks: LookbackBars=100, SwingStrength=3
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Crypto: LookbackBars=150, SwingStrength=4
