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Auto Fibonacci indicator

  • #1
  • First Post: Mar 14, 2008 11:02am Mar 14, 2008 11:02am
One of my clients asked my for an expert advisor that uses the Fibonacci lines and automatically find the Higher High and Lower Low between 2 bars (Start bar to Current Bar).


There's a lot of Fibonacci indicators out there but I decided to make my own indicator for you.



Fibos

Hope you Enjoy it!
Stop asking ChatGPT for broken MQL code. VisualMQL it instead.
  • #2
  • Mar 14, 2008 11:14am Mar 14, 2008 11:14am
Quoting CodersGuru
One of my clients asked my for an expert advisor that uses the Fibonacci lines and automatically find the Higher High and Lower Low between 2 bars (Start bar to Current Bar).


There's a lot of Fibonacci indicators out there but I decided to make my own indicator for you.



Fibos

Hope you Enjoy it!
Man, you are the Rembrandt of coders. When I grow up, I want to code just like you... LOL thanks much.
  • #3
  • Mar 14, 2008 11:18am Mar 14, 2008 11:18am
This is the best compliment I've ever heard! and was a good chance to know who's Rembrandt Thanks!

Quoting smjones
Man, you are the Rembrandt of coders. When I grow up, I want to code just like you... LOL thanks much.
Stop asking ChatGPT for broken MQL code. VisualMQL it instead.
  • #4
  • Apr 2, 2008 12:52pm Apr 2, 2008 12:52pm
Any comments out there?
Stop asking ChatGPT for broken MQL code. VisualMQL it instead.
  • #5
  • Apr 2, 2008 1:21pm Apr 2, 2008 1:21pm
Quoting CodersGuru
Any comments out there?
Thanks for posting your work.

What are the blue lines for? Can they be removed from as its hard reading price with them in the way?

It would be useful to be able to change colours (am I being stupid here because I don't see this as an option).

What are the black horizontal lines for? The fibs are yellow but I get black lines on the 50 and 62 and anothe rtime on the 38.2 and 50

Thanks again. Nice to see tools like this :-)
  • #6
  • Apr 2, 2008 1:27pm Apr 2, 2008 1:27pm
Bookmarked! I'll give it a go as soon as I get home.

Thanks, Guru!
  • #7
  • Apr 28, 2008 5:37am Apr 28, 2008 5:37am
Quoting CodersGuru
Any comments out there?
This appears to be a great tool and just what I was looking for. Many thanks.

A quick question, which I'm sorry is so basic, what is the 'bars back' option currently set at 20? Does this just mean a swing high and swing low within the last last 20 bars? Also, could I confirm (I'm not a programmer) that for the purposes of this indicator the definition of a high or low is for example a high with TWO lower highs either side?

Really appreciate it.

Dave
  • #8
  • Apr 28, 2008 7:52am Apr 28, 2008 7:52am
you use what timeframe to trade fibo.....codersguru
  • #9
  • May 30, 2008 2:59pm May 30, 2008 2:59pm
Hi, u make it with FR 78,6 % , this is great tool...
any idea for fibo expansion indicator ? Thx for posting
  • #10
  • May 30, 2008 4:42pm May 30, 2008 4:42pm
Quoting fxprocessor
Thanks for posting your work.

What are the blue lines for? Can they be removed from as its hard reading price with them in the way?

It would be useful to be able to change colours (am I being stupid here because I don't see this as an option).

What are the black horizontal lines for? The fibs are yellow but I get black lines on the 50 and 62 and anothe rtime on the 38.2 and 50

Thanks again. Nice to see tools like this :-)
you can remove the blue lines from the settings of the indicator. set DrawVerticalLines tp false.

Thank you Ahmad for the Great indicator.
when it comes to coding you are Gibran Khalil Gibran of writing a code.
  • #11
  • Nov 1, 2008 6:36pm Nov 1, 2008 6:36pm
Quoting CodersGuru
There's a lot of Fibonacci indicators out there but I decided to make my own indicator for you.



Fibos

Hope you Enjoy it!
That link is no longer functioning. Would like to see it if you still want to share it.

TIA
  • #12
  • Dec 23, 2008 8:32pm Dec 23, 2008 8:32pm
Link is dead....please reupload?
  • #13
  • May 25, 2009 11:00pm May 25, 2009 11:00pm
Is it possible to make a fibonacci trader with expert advisors?

Yes or no, Coders Guru, you are still a freaking genius!!! Thanks for this!
  • #14
  • Aug 25, 2009 9:26am Aug 25, 2009 9:26am
Thank for the Fibbonacci indicator. its great. please i still need your help codeguru with this how one can make an Expert Advisor based on the Relative Strentgh Index that executes a trade based on the following criteria that would be awesome.


Trending Markets

Only take signals in the direction of the trend.

• Go long, in an up-trend, when RSI falls below 40 and rises back

above it.

• Go short, in a down-trend, when RSI rises above 60 and falls back

below it.
__________________________________________________ _______________


Ranging Markets

• Go long when RSI falls below the 30 level and rises back above it


• Go short when RSI rises above the 70 level and falls back below it


The Expert Advisor would also include a time restriction function. Trades would only be executed during the hours of 07:00 GMT through 18:00 GMT.

The Expert Advisor would also have following functions:

Select Number of Lots

Select Take Profit Amount in Pips

Select Stop Loss Amount in Pips

I don't know the exact criteria one would use to determine if the market is trending or ranging for the purpose of programming this Expert Advisor.

If someone has ideas about this please feel share them.

Thanks
  • #15
  • Aug 27, 2009 6:26am Aug 27, 2009 6:26am
Quoting CodersGuru
One of my clients asked my for an expert advisor that uses the Fibonacci lines and automatically find the Higher High and Lower Low between 2 bars (Start bar to Current Bar).


There's a lot of Fibonacci indicators out there but I decided to make my own indicator for you.



Fibos

Hope you Enjoy it!
Hi CodersGuru
am discovering new possinbilities with this idicator.am grateful but i need you to add the 0.750 level to be indicated by the indicator because it is a vital variable in a strtegy i use. tanx knowing you will do it for me.
  • #16
  • Nov 18, 2009 12:38am Nov 18, 2009 12:38am
Hi codersguru
I was looking for an indicator to identity the swing high/ lows for Fib for while: thanks for this one. I have another issue now: every time I attach an indictor, I follow the steps to attach it my MT4 fxdd. For some un known reason it will not show up in the list in the platform but it will be in the compatibility folder and then I have to pull this to the main indicators folder.
Help please
  • #17
  • Dec 11, 2009 6:04am Dec 11, 2009 6:04am
Hello and thanx for the indicator
but may i request an indicator that draw fibonacci levels using the hi and lo of previous day and extend levels to the current day but with backtest function!!!!!!

I allready have that indicator but shows only levels from yesterday
Any help with that issue?
Regards
Attached File(s)
File Type: mq4 AutoDayFibs.mq4   10 KB | 5,652 downloads
  • #18
  • Jan 23, 2010 9:59pm Jan 23, 2010 9:59pm
The indicator looks good. I have a little request for a tweak in the code.

I need the fibs from previous year high to previous year low to be displayed constantly on my weekly chart. If I plug this indicator, I will have to change the indicator parameters every now and then. If I was trading a few instruments, I wouldn't have an issue here. But to do that for 55 instruments becomes quite a task.

Appreciate any help.

Thanks
R
  • #19
  • Jul 12, 2010 1:48pm Jul 12, 2010 1:48pm
It seems to draw 'upside down' for some trends compare to manually drawing it yourself....? Any ideas?
  • #20
  • Oct 12, 2010 11:59am Oct 12, 2010 11:59am
Quoting jaybee
It seems to draw 'upside down' for some trends compare to manually drawing it yourself....? Any ideas?
What do you mean?

Please update your version of Auto Fibo from here:
http://xpworx.com/indicators.php
Stop asking ChatGPT for broken MQL code. VisualMQL it instead.
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