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fdepina  
Master, this is the most brilliant work I have ever seen on applying Fibonacci to a financial indicator. You went so deep that I was reading your manual to understand the idea of using more than one instance as references for entries, targets and stops. Could you give me a suggestion for use in M15 and H1? I think that for work of this level, the only thing missing was an alert for when the price reaches strong regions, the "golden zones) such as the range between 0.382 and 0.618. This would allow us to move away from the front of the chart until the price reaches regions of interest. incredible than it already is! Thank you so much for sharing this work and I hope you have the patience to read my questions and suggestions. God bless you and everyone in your family. Thank you.
Keni Chetankumar Gajanan -  
fdepina #:
Master, this is the most brilliant work I have ever seen on applying Fibonacci to a financial indicator. You went so deep that I was reading your manual to understand the idea of using more than one instance as references for entries, targets and stops. Could you give me a suggestion for use in M15 and H1? I think that for work of this level, the only thing missing was an alert for when the price reaches strong regions, the "golden zones) such as the range between 0.382 and 0.618. This would allow us to move away from the front of the chart until the price reaches regions of interest. incredible than it already is! Thank you so much for sharing this work and I hope you have the patience to read my questions and suggestions. God bless you and everyone in your family. Thank you.

Thanks #fdepina for your kind comments.

The market moves on unpredictable events, and to keep my sanity, I realised I need some structure while trading. I found Fibonacci levels were useful as many traders follow them and price reactions at such levels are more likely. I also realised entry of big players, lead to stronger success of such price movements at weekly and monthly timeframe levels. The lower timeframes provide a direction for confirmation. Again, it depends on the type of trader you are and your trading psychology.

I suggest you use the indicator visualization tab to customize the display of Fibonacci timeframes for chart periods. This will enhance the usage of the indicator.

I will explore on how to incorporate alerts for mid-range level break-outs or break-ins. Thanks for the suggestion.

I request you to review the indicator (reviews tab), as I understand it will boost its page rating and allow others to benefit from its use.

Keni Chetankumar Gajanan -  
Keni Chetankumar Gajanan - #:

Thanks #fdepina for your kind comments.

The market moves on unpredictable events, and to keep my sanity, I realised I need some structure while trading. I found Fibonacci levels were useful as many traders follow them and price reactions at such levels are more likely. I also realised entry of big players, lead to stronger success of such price movements at weekly and monthly timeframe levels. The lower timeframes provide a direction for confirmation. Again, it depends on the type of trader you are and your trading psychology.

I suggest you use the indicator visualization tab to customize the display of Fibonacci timeframes for chart periods. This will enhance the usage of the indicator.

I will explore on how to incorporate alerts for mid-range level break-outs or break-ins. Thanks for the suggestion.

I request you to review the indicator (reviews tab), as I understand it will boost its page rating and allow others to benefit from its use.

To explain further on the above, what I mean is as below:

1. For the H1 timeframe chart, select weekly as #1 and monthly as #2 Fibonacci levels as one instance and the other showing the Year for #1 and "Display the #2 Fibo" as false. Go to the visualization tab for both instances and tick the Hours check box. (Untick the Minutes, Daily, Weekly and Monthly check boxes)

2. For the M15 timeframe chart, select 8 hours as #1 and daily as #2 as one instance and the other showing the Weekly for #1 and Monthly for #2. Go to the visualization tab for both instances and tick the Minutes check box. (Untick the Hours, Daily Weekly and Monthly check boxes)

You will have 4 instances of Fibonacci Dimensions on the chart, but visualization will take care of the clashes. Do remember not to have the same set of time frame for any two instances.

The above example is only for explanation. You may simulate different timeframe options and find what you are comfortable with. Please do keep risk management in mind.

Best regards,

Keni

Keni Chetankumar Gajanan -  
Keni Chetankumar Gajanan - #:

To explain further on the above, what I mean is as below:

1. For the H1 timeframe chart, select weekly as #1 and monthly as #2 Fibonacci levels as one instance and the other showing the Year for #1 and "Display the #2 Fibo" as false. Go to the visualization tab for both instances and tick the Hours check box. (Untick the Minutes, Daily, Weekly and Monthly check boxes)

2. For the M15 timeframe chart, select 8 hours as #1 and daily as #2 as one instance and the other showing the Weekly for #1 and Monthly for #2.Weekly for #1 and "Display the #2 Fibo" as false. Go to the visualization tab for both instances and tick the Minutes check box. (Untick the Hours, Daily Weekly and Monthly check boxes)

You will have 4 instances of Fibonacci Dimensions on the chart, but visualization will take care of the clashes. Do remember not to have the same set of time frame for any two instances.

The above example is only for explanation. You may simulate different timeframe options and find what you are comfortable with. Please do keep risk management in mind.

Best regards,

Keni

Sorry... an edit in above text as having weekly and monthly in 2. (15min) may clash with 1. 🙂

Keni Chetankumar Gajanan -  

Edit: Multiple instances of the indicator with same timeframe and notification alerts available with version 1.5

Please read the User Guide for detailed information.

fdepina  
Keni Chetankumar Gajanan - #:

Thanks #fdepina for your kind comments.

The market moves on unpredictable events, and to keep my sanity, I realised I need some structure while trading. I found Fibonacci levels were useful as many traders follow them and price reactions at such levels are more likely. I also realised entry of big players, lead to stronger success of such price movements at weekly and monthly timeframe levels. The lower timeframes provide a direction for confirmation. Again, it depends on the type of trader you are and your trading psychology.

I suggest you use the indicator visualization tab to customize the display of Fibonacci timeframes for chart periods. This will enhance the usage of the indicator.

I will explore on how to incorporate alerts for mid-range level break-outs or break-ins. Thanks for the suggestion.

I request you to review the indicator (reviews tab), as I understand it will boost its page rating and allow others to benefit from its use.

Your indicator is really so incredible, there are so many possibilities that I'm still adjusting. To think about trading on the 15m timeframe, I changed the indicator configuration to levels 1 - monthly and 2 - weekly. This configuration seems to confirm the strongest levels of order blocks (SMC). I believe that by trading only at these confirmed levels (there are not many trades), the RR ratio is excellent. Does this configuration of mine seem correct to you or would you add any observations. I reiterate my respects and thanks for sharing such a well done job.

Keni Chetankumar Gajanan -  

Hi #fdepina, Thanks again for the comments.

I notice you use Market structure concepts (BOS and CHoCH) as a strategy, also followed by many traders, which is good. You may also use Fibonacci Dimension (as it displays on background) for confirmation of support and resistance levels in your strategy plan. I noticed two oscillator indicators being used by you. The screenshot correctly configured Fibonacci Dimension (assuming you don't need #2 (inner TF) for daily fibo levels), but the width of the text display could be adjusted. I have tried to pack a lot into the indicator and agree that it may take time to understand its configuration.

I am providing a screenshot (taken at Asia time today) of EURJPY - 15min. The products shown are currently available free in MQL5 marketplace by me. Also added is the Stochastic indicator (oscillator), which comes with MQL5 application.

I am also attaching a template along with Fibonacci Dimension indicator settings shown in the screenshot for your reference. Please edit as needed.

Have a nice day and a good weekend.

Regards,

Keni

Dezss  
спасибо
Keni Chetankumar Gajanan -  
Dezss #:
спасибо

Пожалуйста. Я рад, что вам понравился продукт

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