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Fibonacci Dimension MT4

5

'Fibonacci Dimension' indicator allows display of preset or user-defined multi-timeframe Fibonacci levels. It automatically takes the previous high and low for two user-defined timeframes and calculates their Fibonacci retracement levels. It also considers the retraced level to draw the expansions on every change of price. A complete visual dimension in multiple timeframes allows deriving profitable strategies for execution.

The functionalities included are:

  • Provides an option to consider a preset or custom Fibonacci levels for retracement, extension and expansion.
  • Displays the calculated multi-timeframe Fibonacci levels as a dimension for visual clarity.
  • Includes an option to choose the previous ‘Year’ for selection.
  • Handles the Sunday candle and adds to the previous Friday to calculate the Fibonacci levels for Monday (Day - D1).
  • Able to define a Fibonacci retracement level as the mid-range to be displayed in a different color. The display of mid-range color considers the previous timeframe candle (bullish or bearish).
  • Option to have notification alerts for specified timeframe candle close price, within or outside the mid-range levels.
  • Supports multiple instances of the indicator on the chart to display multiple sets of timeframe retracements.
  • Allows to toggle the display of extended line till the start of timeframe period.
  • Customizable formatting of line, font and colors used by the indicator.
  • Option to show timeframe, level text, along with price for each level.

Includes Fibonacci Expansion levels to allow you to strategise your exit of trades. The indicator draws the extended retracement levels in case the price breaks the 100 level.

Product Links:
User Guide
MT5 version


İncelemeler 3
jiab
436
jiab 2024.02.10 17:11 
 

good ... thank you

fxpat
510
fxpat 2022.11.01 07:18 
 

great indicator... thank you so much dear

Martin Brown
706
Martin Brown 2023.08.06 18:18 
 

Absolutely fantastic. Exactly what I was looking for. If you are a trader trying to learn how the market interacts with Fibonacci this will definitely help you.

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Up Down V9
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Keni Chetankumar Gajanan -
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Keni Chetankumar Gajanan -
Monitoring your trades over time helps you build up your account balance and shows when you miss your goals. Viewing the closed trades of a symbol on the chart can help you adjust your strategy for better results. Maintaining a trade book allows you to record the applied strategy and note the reason for taking each trade. It helps you to evaluate and refine strategies based on its profitability. A possibility to download the Account history as a text file with delimited fields, allows upload to
Filtrele:
jiab
436
jiab 2024.02.10 17:11 
 

good ... thank you

Keni Chetankumar Gajanan -
7575
Geliştiriciden yanıt Keni Chetankumar Gajanan - 2024.02.11 04:12
Thanks for the review 🙏
Martin Brown
706
Martin Brown 2023.08.06 18:18 
 

Absolutely fantastic. Exactly what I was looking for. If you are a trader trying to learn how the market interacts with Fibonacci this will definitely help you.

Keni Chetankumar Gajanan -
7575
Geliştiriciden yanıt Keni Chetankumar Gajanan - 2023.08.07 04:50
Thanks Martin for the kind review. I suggest you use Fibonacci Dimension and the Session Timer indicator, to track price movement. It will help in confirming if the prices are moving as per your strategy during the Asia -> EU -> US sessions. Please read the User Guide for optimal use of the indicators. Session Timer MT4 -> https://www.mql5.com/en/market/product/80007
fxpat
510
fxpat 2022.11.01 07:18 
 

great indicator... thank you so much dear

Keni Chetankumar Gajanan -
7575
Geliştiriciden yanıt Keni Chetankumar Gajanan - 2022.11.02 07:59
Thanks @fxpat for the review. Really appreciate it 🙏
İncelemeye yanıt
Sürüm 2.2 2024.02.09
» Fix: Handles candle/bar gap at Open for some symbols (e.g. Gold)
Sürüm 2.1 2024.01.05
- Range fix -> Holidays
Sürüm 2.0 2023.12.06
» Added Functionality: Use custom defined Fibonacci Retracement, Extension and Expansion levels.
- In addition to the earlier preset option, added a new "Custom version" option to get levels stored in files by user
» Changed the storing of alert files in "Sounds" folder.
- Now can choose your own filename for the wav files and input them as parameters.
Sürüm 1.5 2023.11.09
- Notification alerts on candle close within or outside of the mid-range (outer-> #1 & inner-> #2)
Sürüm 1.4 2023.07.14
- Fixes and code improvements
Sürüm 1.3 2022.12.01
- Added functionalities:
  > Option for selection of 78.6 instead of 76.4 level.
  > Fibonacci retracement (extended) levels in case price breaks the Fibo 100
  > Fibonacci expansion levels for profit taking
  > Allows line display in selected colour across levels on clicking line or price.
- Minor fixes and improvements
Sürüm 1.2 2022.09.20
- Minor fixes and improvements.