Hi,

I just updated and set it to true and choose any color, but it didn't show any color.

Hi,

Can you send me a screenshot of your settings? Also check in Properties, the version number 1.4

Sometimes Metatrader updates don't show up in MT4 app's Market for sometime.

And also what you see on the chart:

You can send me the screenshots in a PM if you like.

Sorry, just do the backtest and now it's appear on my chart. Thank you very much for this indicator. It's perfect at this time now :)

Hi.

I do have a request. Maybe we all have this request. Can you add SL/TP 1/TP2/TP3 near the number of level?
I hope you can consider this request because lot's of fibo indicator use like this.
I'm still using this indicator and I love it, but I hope you can add this features to make it easier other than number of level.

Hi,

Since this is an auto-draw Fibo indicator, it uses zigzag or 3LZZ to draw Fibo.

And by the time price reaches level 0.0 the fibo will reverse. Because level 0 or 100 means price has made a new High/Low. Meaning a new zigzag level.

So, price will never actually cross level 0. You can pick any other fibo level and add that to "Fibo Mark Levels". And use higher zigzag depth or 3LZZ Period_3. Maybe 150 to get a larger Fibo.

Or maybe use a Fibo indicator which does not recalculate based on Zigzag High/Lows.

Because zigzag will always recalculate at level 0 and 100. And so price will never cross above/below those levels, but instead reverse the fibo :)

Добрый день!

Я не пойму что означает золотая зона и точки оранжевая го голубая?  Поясните пожалуйста подробнее. Спасибо

Hi,

You could read in detail here:

https://abiroid.com/product/abiroid-auto-fibo-indicator

Green Fibo means uptrend and red fibo means down trend.

Blue Diamond: Price crossed a Marked Level Towards Trend

Orange Diamond: Price crossed a Marked Level Towards Retracement/reversal

In Fibo, it is believed that once price crosses into Golden zone, it is a very good time to trade.

I would suggest that you read more about how Fibo Levels work. And about golden zones. Here's an interesting link:

https://www.investopedia.com/articles/technical/04/033104.asp

Usually golden zone is 38.2% and 61.8% but different people prefer different levels. So, whatever you define in settings, when price enters that zone, it will highlight it.

Спасибо за подробное объяснение, хороший индикатор у вас. Умея им пользоваться можно заработать много профита!

Dear Sir or Madam, How or when do I act in the golden zone. What does the golden zone mean to me. Please explain to me what the Golden Zone is all about? in which time unit is the golden one important? Thanks very much Best regards Philip

Hi Philip,

In Fibo, the Golden Zone is considered the area between  38.2% and 61.8%

So, usually if price is following it's normal ranging movement. And it's not a choppy market because of news events etc. then once price enters a golden zone, it will usually cross it.

Pair timeframes don't matter, it works the same on all timeframes. But I would recommend at least M15+ because market is more stable for higher timeframes.

Here's a trading view script explaining it:

There are a lot of strategies that people use with Fibo.

It will really depends on your style of trading:

Whether you like scalping or longer term trading on higher timeframes, or retracements or trend trading.

I would suggest that you read up on Fibo a bit more. There are also a lot of good youtube videos explaining this.

Because Fibo alone should not be used as it can give a lot of signals. It works very well as a validating indicator. Because price tends to slow down and use Fibo lines as Support/Resistance areas.

Some people use Fibo aligned with higher timeframe trends. Others use Pivot Points for validation. Or other trend direction indicators like Fibo and MACD etc.

Fibo is also good for setting Take Profit areas. So, do some research first and try out your strategies on demo accounts. Don't live trade if you are not familiar with Fibo yet :)

Edit:

It's not letting me attach trading view link. But here's a screenshot showing how price behaves around golden zones:

Abir Pathak

Dear Sir or Madam, Thank you for the great answer. But I have one more question, I don't know how to describe it! What is the function of the color 2 + 3 a line runs but what does the line of the color 2 + 3 mean? In which time unit is the complete indicator best? Thank you, I look forward to a quick reply Kind regards Philip

I'm sorry, I don't understand what you mean by 2+3 

Please send screenshot of your doubts. Maybe with an arrow showing which line you mean.

Fibo runs well for all timeframes. But I would recommend at least M15+. Scalpers usually use smaller timeframes like M15. Longer term traders use higher timeframes like H1+

Once again it depends on what your strategy is. 

This is not to be used as a standalone indicator. It does not give buy/sell signals.

It is only for validating your existing strategies. And for finding good stops, etc.

So, please read up about Fibo, before using this in your live trading.

Hallo Frau Abri Pathak,

Ich habe dir einen Screenshot gemacht. Ich meine die violette Linie, die Sie auf dem Diagramm sehen. 



Können Sie mir bitte einen geeigneten Indikator empfehlen, der gut zu Ihrem passt? 



Was ist Ihr bester Indikator, den Sie haben? 

Hi Philip,

I think the purple line might be from another indicator. 

Can you please remove indicators one by one from your chart to see which one removes that line?

This Auto Fibo will only draw Green or Red Fibo. Or blue/orange diamonds on chart.

About my other indicators, it really depends on your type of trading.

All my indicators are based on specific types of strategies. Like scalping or longer term trading, trend trading or reversal trading, etc.

So, I would suggest you check out the shop:

https://abiroid.com/shop

All products have very detailed descriptions and demos.

I would suggest you try the demo versions before buying. To see if it suits your style of trading :)

Hi,

Please open a new chart and add only Auto Fibo. And see. Mouse over a certain indicator is not very reliable. As indicators are drawn on top of each other.

Another good way to find which indicator is to see the colors tab. To find which indicator has a purple color:

About scalping, all of my indicators work best for at least M15+. Even the scalpers. Because M1,M5 are too unpredictable.

For example the EMA scalper or Sway COG.