Custom Fibonacci Indicator Available?

Does anyone know of (is willing to share?) a fib retracement/expansion indicator tool for metatrader that allows you to show the line levels only between the swing high and low points? The existing tools extend the lines all the way to the right, and can lead to a clutter of many confusing lines. Other handy user options would be for price inclusion, % levels, %level color coding, and an option to allow the lines to extend to the right (as for the standard fib tools). I've searched both here and via google without luck and am surprised there's not one around. I'm trying to eliminate the clutter of lines around the most recent price bar.
Thanks.

try this...

sorry about that, that is not the one I thought it was.

I will keep looking...

Hi,

You can use the standard one from MT without extending all the way to the right. See the pic.

Soso,
Thanks a lot!! Your answer also solved my other problem about the apparent inactive "Ray" checkbox (no longer inactive).

Also, my request for an indicator may have been a bit dumb/naive. As a non programmer, I now suspect that it may not be possible to have an indicator that can act as a fib tool, thereby requiring the ability for the cursor to drag/select between 2 points on a chart. Anyhow, soso solved my main request. Thanks again soso (& coul for replying).

Here's a little tip for the MT4 fibs. Open up the Fib properties box and go to Fibo Levels. In the description box put @%$ so it looks like this:

38.2@%$

This will put the price on the line. It works with both ret and ext.

Hey, that's a great tip. Thanks.

I must be doing something wrong as price doesn't show up just fib level and 96$

What am I doing wrong?

The screen should look like this for each entry in the levels area.
In otherwords, anything you type in front of the @%$ will appear as text .

The actual calculation takes place from the number in the left window.
The display is controlled by the right.

Thank you very helpful to see the actual fib "number'

im developing this one. almost finish. look at the powerful move from the collection of fibonnaci clusters

if you trade price action like james 16, with support/resistance, etc. i think it can be a good addition to tell you how powerful the move will be. the more fib levels in one area, the more traders trying to predict a turning point at that area and buy/sell...which will end up becoming a self fulfilling prophecy.


http://i121.photobucket.com/albums/o...1/usdjpy-1.gif

Thanks Dopey & SMJ. Dopey (you're obviously not ), where/how did you find out about such tricks?
Clam, your work in progress looks great. I joined the PF several months ago and although still observing various indicator "system" developments, am favouring James price action stuff, so anything that helps with the identification of S/Rs will be most helpful. Hopefully you'll keep us posted on your progress. Thanks all.

well im basically done... but i guess thats not what your looking for. you were looking for something simpler

Hi Dopey, great tip, you're 15 minutes of internet fame began when i posted your tip over at the indicators page (scroll down to the "Tip" at the bottom of page) at my resource page.

Cheers,
Thom

PS, hey Scott, i thought i was the only rebel around here that placed both the 38.2 and 61.8 (etc..) on the same level description! LOL.

Rofl...glad to share it. I picked it up from someone, somewhere. I'm sure there are lots of other things I don't know about though. The Strategybuilder forum is probably a good place to pick up tips about MT4.


You're dating yourself quoting Timbuk 3, lol.

LOL

~<><~~~~~><>~~~~~><>~~~~~><>~~~~~><>
Future's so bright I've got to wear shades

Well i use that as kinda a twist on the original Future-Nuclear-War meaning of the original of the Rock song. My use is that, as per the faith i maintain in the creator of all things to have this crazy world in His loving hands... our Future is bright ! And yes, i'm 50ish so guess that is dating myself too.

Cheers,
Thom