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AutoFiboLevels

The indicator is created for professional trading by Fibonacci levels. AutoFiboLevels plots Fibonacci retracement and extension levels on impulse and corrective wave. The indicator unambiguously interprets a market situation. Points of extremum for level plotting are calculated using fractal analysis. A trader can independently set retracement and extension levels and calculation time frame adjusting the indicator for various strategies.


Parameters:

  • WorkTF - time frame for indicator calculation, if (= 0) - current time frame;
  • fiboPercLevel_1...11 - Fibonacci retracement levels;
  • upFiboLevelColor - Color of upward grid lines of Fibonacci retracement levels;
  • dnFiboLevelColor - Color of downward grid lines of Fibonacci retracement levels;
  • ShowFiboImpuls - if (= true) - display Fibonacci retracement levels on an impulse wave;
  • ShowFiboCorrection - if (= true) - display Fibonacci retracement levels on a corrective wave;
  • FiboShowCorrect - level of an impulse level retracement, Fibonacci retracement levels are displayed on a corrective wave when this level is reached and if ShowFiboCorrection = true;
  • ShowExpImpuls - if (= true) - display impulse wave extension level;
  • ShowExpCorrection - if (= true) - display corrective wave extension level;
  • fiboPercExpansion_1...5 - Fibonacci extensions;
  • upFiboExpansionColor - Color of upward grid lines of Fibonacci extensions;
  • dnFiboExpansionColor - Color of downward grid lines of Fibonacci extensions.
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版本 1.1 - 2015.09.16
Optimized the indicator code.