Automatic Fibonacci indicator

Hi everyone, would anyone be able to help me create this indicator? I need a indicator that displays only the percentage retracement/extension for each swing, so that we can more conviniently identify harmonics pattern or determine the strength of the price action without cluttering our charts. The determination of each swing could be at least 5 candles of up / down candles or using the zigzag indicator.

Would be great if a horizontal line could be drawn at each swing point with the result (percentage retracement/extension) at the top of the chart

Please note that we need to know from what point-to-point the fibo must be draw, there is different ways to use it.

Regards!

Thank for you Indi...

Thank for U Indi

Hi!
Some time ago i've downloaded this Fibo indicator from here, i don't know the thread.

I modifieded so it can be applied multiple times to chart and added push alert to it. I hope that is ok.

Hi Mitzescu,

How do you set the indicator to only give you, for example, last weeks Fibonacci values.

You can go X number of days back but what if you wanted to input just a range i.e. 4th to 8th June 2018?

If the indicator can be modified to enter a date range, plus for a box to say Yes/No to selecting Sunday's data for input, then you'll almost likely to have the perfect Fibonacci indicator.

Can you make this slight changes?.

Thank you so much
Zaf

Hi Rafaz,

There is a fibo indicator that does just that. You tell him how back to start and how back to go. If i found i will let you know.

I'm not a coder, i'm just scratching the surface of coding in mt4. I can just make small modification to it.

I really wish i could help you with this. But maybe someone with more skills then me can help you. Just add it to the threads that are designated for changing or creating EA and indicators. I you find someone that can and will make these changes, the lines should be rays i guess.

The thing with this fibo indicator is that you need history so that it can work correctly. With no history, if you set the fibo to 200 days, on the H1 chart your price might be near the 23% and on the daily chart might be at 61%.

hello codersguru, can you add sound alert to my indicator?

Animation ↓ ↓ ↓

https://www.forexfactory.com/showthread.php?t=318644

The standard Fibonacci levels are:

1. 0 %
2. 23.6 %
3. 38.2 %
4. 50.0 %
5. 61.8 %
6. 100.0 %

A sample fibo sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233

Each third number is the sum of the previous two numbers, eg, 13 + 21 = 34 or 21 + 34 = 55.

23.6 % is calculated as -> a fibo sequence number divided by 3rd number to right. eg. 21/89 = 0.236 x 100 = 23.6 % or 34/144 = 0.236 x 100 = 23.6 %.
38.2 % is calculated as -> a fibo sequence number divided by 2nd number to right. eg. 21/55 = 0.382 x 100 = 38.2 % or 34/89 = 0.382 x 100 = 38.2 %.
61.8 % is calculated as -> a fibo sequence number divided by 1st number to right. eg. 21/34 = 0.618 x 100 = 61.8 % or 34/55 = 0.618 x 100 = 61.8 %.

XIT_FIBS Extra Levels 1 includes above levels and levels

1. 14.6 %
2. 76.4 %

14.6 % is calculated as -> a fibo sequence number divided by 4th number to right. eg. 21/144 = 0.146 x 100 = 14.6 % or 34/233 = 0.146 x 100 = 14.6 %.
76.4 % is calculated as - > 61.8 + 14.6 = 76.4%.

XIT_FIBS Extra Levels 2 includes above levels and levels

1. 9.0 %
2. 85.4 %

9.0 % is calculated as -> a fibo sequence number divided by 5th number to right. eg. 13/144 = 0.090 x 100 = 9.0 % or 21/233 = 0.090 x 100 = 9.0 %.
85.4 % is calculated as - > 76.4 + 9.0 = 85.4%.

EURUSD - Extra Levels 1 Check accuracy of calculations with reference to EURUSD above. https://uk.investing.com/tools/fibonacci-calculator

GBPUSD - Extra Levels 2 AUDJPY - Extra Levels 2

Thanks for interesting info - have coded 10 & 90 % or 9 & 85.4 % option for users to investigate (10 & 90 % default, 9 & 85.4 % second select option).

All Fib price levels confirmed accurate with Fib level calculator - https://www.mypivots.com/investment-...cci-calculator

Note: XIT FIBS Extra Levels 1, 2 & 3 can be manually dragged into alternative positions.

1. XIT FIBS Extra Levels 4 plots % levels 0, 10, 20, 30, 40, 50, 60, 70, 80, 90, 100.
2. XIT FIBS Extra Levels 4 can co-exist with Extra Levels 1 or 2 or 3. (Extra Levels 1 or 2 or 3 cannot co-exist and no purpose for co-exist)
3. XIT FIBS Extra Levels 4 as a stand alone or comparison study against Extra Levels 1 or 2 or 3.

Note: XIT FIBS Extra Levels 1, 2, 3 & 4 can be manually dragged into alternative positions.

XIT FIBS Extra Levels 5 plots combined % levels 9, 14.6, 23.6, 38.2, 61.8, 76.4, 85.4 + 0, 10, 20, 30, 40, 50, 60, 70, 80, 90, 100.

Instead of hard-coding several different indicators why not make use of a string input field that takes a CSV to specify the various level values. Here is a quick example.

The Indicator is originally coded by someone else and requires only renaming and basic edits to key parameters. Convenience of different strokes for different folks. However, I get your point - any recommended sources for follow up ? Thanks for input.

You can have a look at the example I posted above. Any time there can be a varying number of inputs I like to use a CSV along with StringSplit to parse the variable inputs. If this design pattern is somewhat new to you then I'd suggest setting a breakpoint in OnInit and following the program through step by step.

FWIW, I do not like the fibs draws using the visible chart... I much prefer using ZigZag...

The objective of EXTRA LEVELS is research and comparisons.

EXTRA LEVELS 2a combines % levels 0, 9, 10, 14.6, 23.6, 38.2, 50.0, 61.8. 76.4, 85,4, 90, 100.

The merit of having a set of hard-coded parameters is that - if the parameters are established and known - it is quicker to slap on an indicator with pre-set parameters than fiddling a bunch inputs.

Edit: Minor typo error in 2a - 19 label instead of 10 label for 10% level for option Fib Levels & Price. 2a deleted.

Corrected in 2b.

It boils down to personal preference...

Some would prefer to keep the Navigator window uncluttered and load from *.set files, while others would prefer to have a quick drag-and-drop solution.

My understanding is - dependent on determining criteria - there is merit in all established options.

The obvious merit with - why not make use of a string input field that takes a CSV to specify the various level values - is that while intermediate coders as myself are able to find their way around most code posted on forums such as this such is beyond capability of most forum users - but, any and all forum users should be able to understand and edit an input string in accordance with the users specific preference.

If I establish preferred parameters xyz and the indicator is hard coded abc I can, of course, faf with set files and load my preference. Or, I can just hard code my preference and be done.

While a constant use of *.set file/s may suffice for someone with a single laptop and little incentive for investigative research its not going suffice for someone with multiple systems and multiple test permutations involving the preferred parameters in combination with other indicators and the need to load from a *.set file on every new permutation test.

However, having establish a parameter preference and hard coded it for testing the string/CVS is ideal for on the fly deviation and variation as it does not require hard coding.

With regards - ChartMinMaxFibs.mq4 -. while a fine and elegant 'example' of advance coding - and I am not ungrateful for the heads up and enlightenment - it does not serve the broader forum user.

Users are unable to effect the following.

1, Unable to change the color yellow - how doe someone who uses a white chart background deal with a locked color of yellow?
2. The line thickness cannot be change - how do users with vision requirements compensate for locked thin lines ?
3 The style cannot be changed - how.................?.
4. The fibo cannot be manually repositioned on the chart.

The string/cvs arrangement appears to offers versatility of input values and is simple to edit. All users are afforded ability to either set their own preferences as well as hard code preferences if slightly more adventurous. However, it is hardly worth it with the above listed restrictions.

Re - FWIW, I do not like the fibs draws using the visible chart... I much prefer using ZigZag...

While many may have a fairly good idea of meaning there is ambiguity of definition.
Time permitting, for the benefit of all forum users can offer further clarification or links to sources of further clarifications.