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Key Features:
- Automatically identifies and plots Fibonacci levels using ZigZag-based price cycles.
- Customizable parameters: timeframe, number of bars, Fibonacci colors, label visibility, and style.
- Supports multiple Fibonacci levels (e.g., 23.6%, 38.2%, 61.8%, 161.8%, etc.) with user-defined minimum display level.
- Option to toggle ZigZag visibility and switch between body-to-body or wick-to-wick drawing modes.
- Lightweight and optimized for real-time chart analysis.
Input Parameters:
- AF_Period: Timeframe for calculation (default: 0 - current timeframe).
- AF_NumBars: Number of bars to analyze (default: 200).
- AF_MinLevelDisplayed: Minimum Fibonacci level to display (default: -5).
- AF_FiboColor, AF_FiboColor2, ...: Custom colors for Fibonacci lines.
- AF_DrawBody2Body: Enable/disable body-to-body Fibonacci (default: false).
- ExtDepth, ExtDeviation, ExtBackstep: ZigZag parameters for fine-tuning.
- AF_LabelsVisible: Show/hide Fibonacci level labels (default: true).
Usage:
Add the indicator to your chart, adjust parameters to suit your trading style, and use the Fibonacci levels to identify potential support/resistance zones for ABCD or other price action patterns.
Feedback
If you have suggestions or encounter issues, please leave a comment on the MQL5 CodeBase page or contact me through the MQL5 community. Your feedback is valuable for improving this tool!
Happy trading!

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A short format for storing ticks.

The Value Area Retracement indicator, is a powerful volume profile-based tool designed to identify key trading levels—Point of Control (POC), Value Area High (VAH), Value Area Low (VAL), and Profile High/Low—across different timeframes. It helps traders spot potential retracement opportunities to the POC, breakout zones, and value areas, making it useful for intraday, swing, and position trading.