DislikedHas anyone tried using the Fiblevels indicator graciously supplied by Itguy?
It does not allow me to tell it what direction the trend is. It automatically places the fib sequence based on it's own analysis which is normally based on the current candle, not the overall trend. Does anyone else have this challenge?
I am also unable to bring it up when the market is not active. I could not use it the entire weekend to practice with the charts. I do not mind drawing the lines manually, I was just testing the indicator .
When it figures out the right trend, it is great.Ignored
The first option in the indicator is uptrend=false if you change it to true it will place the fib zones accordingly.
Here's the non compiled version.
Attached File(s)
Fib Levels.mq4
12 KB
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466 downloads