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Pershikov Fibonacci Retracement

The indicator plots 5 Fibonacci retracements according to recommendations about trend lifetime given by V.V. Pershikov. All lifetime parameters can be customized. Retracements are plotted at the moment of attaching the indicator to the chart and at the moment of scaling. It is made for increase in productivity. If the indicator re-plots on every tick, its operation will be slowed down due to abundance of calculations which come from check of 61.8 level breakthrough. Plotting can be changed manually after the indicator has finished plotting retracements. Remove the indicator from the chart so it could not change manual settings. Retracements won't be removed.

The indicator was developed in cooperation with V.V. Pershikov.


Indicator Parameters

Trend parameters

  • EndBarNumber = 1 — This parameter determines the last candle till which retracement will be plotted. Default value is 1 – this is the last candle on the chart (0 is the current candle). The current candle is not completed yet. So if we set this parameter to 0, we should be ready for redraw.

Trend break parameters — Adjustable Parameters for Trend Breakthrough.

  • TrendBreakEndLevel = 0.618 — Level to break through to "cancel" a trend. Retracement plotting is checked for breakthrough of this level. Its default value is 61.8 according to V.Pershikov.
  • TrendBreakCandlePercent = 100 — Part of a candle body as percentage, which must be broken through by the specified level of trend cancellation to record such cancellation. Attention! According to V.V.Pershikov this percentage is 66%. Default value is 100%. That means that the entire body of the candle must be above/below the level.
  • ShowAdditionalLevels = false – if set to True, it shows additional levels: 76.4, 85.4, 91.

Further, there are setting parameters for plotting retracements for each timeframe. I will describe settings for H1, other timeframes are set similarly.

  • NameH1 = "PRH1" – Name of Fibonacci line object
  • TrendMinBarsH1 = 10 – Minimum allowed number of H1 bars in the trend according to which retracement is plotted
  • TrendMaxBarsH1 = 400 – Maximum number of H1 bars to plot retracement
  • TrendMinSizeH1 = 0 – Minimum number of pips in the trend (particularly pips, not points, i.e. for 1.10182 point of EURUSD the fourth digit is 8, and pips for the fifth digit is 2). If there are less pips, the trend is considered to be absent.
  • FiboColorH1 = Purple – Retracement color. We took default value according to V.Pershikov
  • FiboStyleH1 = 0 – Style of retracement lines (dashed, dot-and-dash)
  • FiboWidthH1 = 1 – Width of retracement lines
  • BreakCheckStep = 1 — Parameter influencing on productivity. Trend breakthrough is calculated not on every candle but in a number of candles specified in the parameter. If there are no any productivity problems, leave default value.
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KT Support and Resistance Levels
KEENBASE SOFTWARE SOLUTIONS
Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis. When launched on the chart, It immediately scan the most significant extreme points across all the available timefr
120 USD
Volume Delta Panel
Chantal Sala
Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
50 USD
NTZ Box Breakout
Gabriele Fabris
This indicator has been specially developed to complement The Price in Time strategy. The NTZ BOX indicator automatically creates: The Day separators The No Trading Zone divided with the Green Box, the Peach Box and the Turqoise Box Extensions of the long and short Take Profit levels The Yellow Box to display the range of the Asian session The Money Manager for a perfect Position Sizing calculated on your risk percentage Using the NTZ BOX indicator will enable you to have your trading plan ready
39 USD
Relative strength of currencies
Evgeny Galikhin
This product is a cluster indicator that calculates the relative strengths of the eight major currencies. For easy analysis and obtaining “market slice” it was created dashboards that also allow you to control indicator: Heatmap, Currencies - dashboards which show the relative strength of currencies. Pairs - dashboard which shows strength of currency pairs. Speed - dashboard which shows speed of change of the relative strength of currencies. MuliTF - main dashboard which should be used for analy
40 USD
Volume by Price Lite MT4
Brian Collard
The ' Volume by Price ' Lite indicator displays the complex relations between volume , price and time in various easy to interpret forms. Segment, filter and use the visualization methods with Volume Profile and Market Profile along Volume Weighted Average Price, Supply & Demand Zones and Average Daily Range to identify key levels and ranges . It also provides labels to indicate the scale and scope of data displayed, and custom styling by attributes such as color, size, area etc. in ways that
99.95 USD
G99 Gravity
Ahmed Mohamed
G99 GRAVITY G99 Gravity is a channel indicator for the MetaTrader 4 terminal. This indicator allows finding the most probable trend reversal points. Unlike most channel indicators, G99 Gravity does not redraw. Attach the indicator to a chart, and the alert will trigger once a signal emerges. With our alerting system, you will never miss a single position opening signal! Advantages of the indicator Perfect for scalping. Excellent for identifying trend reversals. Suitable for beginners and expe
33 USD
HighLow Arrow Indi Free Version
Renaud Candel
HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend Sys
139 USD
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