Manual (non auto) Fibonacci retracement tool needed | Forex Factory

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Manual (non auto) Fibonacci retracement tool needed

  • #1
  • First Post: Oct 9, 2017 5:00pm Oct 9, 2017 5:00pm
Hi
Does anyone has a simple manual (NON auto) fibs retracement like the MT4 built in tool?
I'm using the fibs tool for calculating risk/reward, marking my supply & demand area but also as normal fibs retracement.
Now I'm constantly modifying manually the existing fibs tool several times per day as per my needs but it's time consuming.
It would be nice if I can get it as an external indicator so it easy to put an remove quickly from different charts.
I looked online but i can find only auto fibo.
Thanks
  • #2
  • Oct 9, 2017 7:23pm Oct 9, 2017 7:23pm
Hi
I have not seen this kind of fibo before but a simple way is that you find a normal Fibo indicator and then change that indicator as you want..for example add some code line to delete old Fibo lines
Regards
  • #3
  • Oct 10, 2017 3:54am Oct 10, 2017 3:54am
Quoting Merka
Hi Does anyone has a simple manual (NON auto) fibs retracement like the MT4 built in tool? I'm using the fibs tool for calculating risk/reward, marking my supply & demand area but also as normal fibs retracement. Now I'm constantly modifying manually the existing fibs tool several times per day as per my needs but it's time consuming. It would be nice if I can get it as an external indicator so it easy to put an remove quickly from different charts. I looked online but i can find only auto fibo. Thanks

If you would share your settings and screenshots, I could make one for you.
  • #4
  • Oct 10, 2017 5:22am Oct 10, 2017 5:22am
Thanks guys for replying.

@mercie
I will post screenshots tonight.

Thanks
  • #5
  • Oct 10, 2017 5:04pm Oct 10, 2017 5:04pm
@mercie
Please see attached screenshots.
When I use the fibs tool as supply and demand I just use the 0% and 100% levels deleting all others levels.
When I use the tool as risk/reward I use the 0%, 100%, 200%=1R, 300%=2R, 400%=3R, 500%=4R, 600%=5R, -26.3%=SL (but the SL can change level).
Mainly I add/remove or rename the levels as needed.
Would be nice to have a flexible tool like the one integrated in MT4 after I'll adjust the levels for the purpose.
It just necessary 1 tool. After I will rename it with 2 different name for S&D or risk/reward to quickly put or remove from different charts.
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Fibonacci Supply and Demand.png Size: 31 KB
Click to Enlarge Name: Fibonacci Supply Demand EUR USD 10-10-2017.png Size: 25 KB
Click to Enlarge Name: EURUSDH1 10-10-2017.png Size: 32 KB
Click to Enlarge Name: Risk Reward 4.png Size: 27 KB
Attached Images
  • #6
  • Oct 11, 2017 3:54am Oct 11, 2017 3:54am
Take a look at this thread:

https://www.forexfactory.com/showthr...92#post8365392
It never gets easier, you just get better
  • #7
  • Oct 11, 2017 4:33am Oct 11, 2017 4:33am
Quoting Merka
@mercie Please see attached screenshots. When I use the fibs tool as supply and demand I just use the 0% and 100% levels deleting all others levels. When I use the tool as risk/reward I use the 0%, 100%, 200%=1R, 300%=2R, 400%=3R, 500%=4R, 600%=5R, -26.3%=SL (but the SL can change level). Mainly I add/remove or rename the levels as needed. Would be nice to have a flexible tool like the one integrated in MT4 after I'll adjust the levels for the purpose. It just necessary 1 tool. After I will rename it with 2 different name for S&D or risk/reward...
What you want to do with the MT4 Fibo tool can be set in two scripts.
One script for Supply and another for Demand like the pic shown below.
PM me if this is what you want. I can cusmtomize them for you.

Attached Image (click to enlarge)
Click to Enlarge Name: sample Fibo Supply Demand.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8
  • Oct 11, 2017 5:55am Oct 11, 2017 5:55am
Thanks all for replying. I really appreciated your help.
Cheers
  • #9
  • Oct 17, 2017 5:08am Oct 17, 2017 5:08am
Any help?
  • #10
  • Last Post: Sep 19, 2022 4:20am Sep 19, 2022 4:20am
Can anyone help to make a manual click and drag (similar to one in MT4) with capacity of 41 levels?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
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