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Abiroid Auto Fibonacci Indicator

About:

A Fibonacci indicator is best used with other indicators like Pivots, Support/Resistance etc.

Price tends to use Fibo levels as Support or Resistance lines. So, this indicator is very useful to know when price might reverse or if a level is crossed, price might continue the trend.

Also, to find the best Take Profit and StopLoss lines.

Don't use Fibo Indicator alone for trading as it might not always be accurate. Use it to make your strategies better as a supporting indicator.


Settings:

High/Low Detection:

Auto Fibo Indicator plots Fibonacci Retracements by automatically finding high and low price points using following 2 ways:

- ZigZag

Set: ZigZag_Depth, ZigZag_Deviation, ZigZag_Backstep

- 3LZZ Semafor

Set: Period_1,2,3

Using these settings an auto Fibonacci retracement is drawn. Red Fibo means current trend is bearish and Green Fibo means trend is bullish.


Golden Zone:

You can also specify a golden Zone: GoldenZone_Start_Percent and End_Percent

And indicator will mark Golden Zone when price enters inside it.


Comma Separated Levels:

- Show Levels:

FiboShowLevelsStr = "23.6,38.2,50,61.8,78.6"

Which Fibo Levels to Show on chart. By default 0 and 100 levels will be show. Specify all other levels you want to see as comma separated values.

- Mark Levels:

Which Fibo Levels to Mark when price crosses that level.


Price Cross Direction:

Specify direction from drop-down:

WithTrend, WithRetracement, WithBoth


If you like to trade only Trends select WithTrend, If you want to trade retracements specify WithRetracement.

Try not to use WithBoth as that will give too many signals.


Comentários 6
Valentin Butorin
3712
Valentin Butorin 2020.10.03 13:13 
 

This is what I was looking for

DarknezzGR
239
DarknezzGR 2020.07.11 22:47 
 

thanks for this free and good indicator. 5 stars

Nicolas Dobrovsky
141
Nicolas Dobrovsky 2020.06.21 09:19 
 

Best Fibo indicator!

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Abir Pathak
Dashboard uses Ichimoku Strategy to find best trades. Get extra Indicators/Template: https://abiroid.com/extras/ichimoku-scanner-dashboard-extras Use this template: specify "Ichimoku" in Property: "Use Template For New Window" Tutorial: https://youtu.be/DvQR04YC4Ew Checks: For BUY: * If price above at least min distance from Kumo * If "Check Tenkan Kijun Cross" true and Tenkan at least min distance above Kijun * If "Check Chikou Cloud Distance" true and Chikou at least min distance away fro
50 USD
Pro Currency Strength Meter
Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
129 USD
Moving Average Cloud
Muhammad Elbermawi
Or " MAC ". ⭐⭐⭐⭐⭐ This is an indicator designed to help you capture and trade the trend. The idea behind this indicator can be explained in the next steps: Draw a fast-moving average Envelope. Draw a slow-moving average Envelope. The MAC Upper Band is the highest value between the high of both Envelopes. The MAC Lower Band is the lowest value between the low of both Envelopes. The MAC Histogram Cloud fills the distance between two bands to show you change in direction. Blue Cloud indicates th
60 USD
Naked Forex Tweezer Pro Indicator for MT4
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let user
177 USD
Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
Filtro:
Valentin Butorin
3712
Valentin Butorin 2020.10.03 13:13 
 

This is what I was looking for

PenLorpy
19
PenLorpy 2020.08.05 18:52 
 

thanks for sharing

DarknezzGR
239
DarknezzGR 2020.07.11 22:47 
 

thanks for this free and good indicator. 5 stars

Nicolas Dobrovsky
141
Nicolas Dobrovsky 2020.06.21 09:19 
 

Best Fibo indicator!

sunnychow
8619
sunnychow 2020.03.16 20:00 
 

Usuário não fez qualquer comentário quanto a classificação

yigtum
237
yigtum 2020.02.12 18:35 
 

Perfect...!!!!

Responder ao comentário
Versão 1.1 2020.05.06
Draw Fibo in reverse if "WithRetracement" selected.
Removed Fibo "WithBoth" option as it would no longer work in drawing correct Fibo.