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All about Fibonacci & Variant
Fibonacci All TF
These Auto Fibonacci MTF [Multi Time Frime] worked in MT4 Multi Time Frimes.
Explanation of the Settings :
1. Two different ways of calculating HL : with ZigZag (default) or based on a definite period;
2. By default fibo levels follow the direction of the moves (0-100 or 100-0), SwitchFibo allows to switch the levels;
3. RayLeft extends the lines to the current bar and RayLeftShift extends them further;
4. Colors can be set based on the direction of the move (red for down and lime for up) or one color for each TF (default);
5.Line Width is set automatically (default), means from 1 to maximum, or manually.
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Fibonacci indicator for Retracement, Arc, Fan, Expansion and Time Zone
This is great Fibo indicator which I found here (attached).
This is the very good tool to draw almost everything incl patterns:
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Fibo Bar MT5 - indicator for MetaTrader 5
Fibo Bar MT5 - indicator for MetaTrader 5
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The indicator draws Fibonacci levels based on the last bar. When a new bar appears, the levels are redrawn.
Parameters
- Last Bar for Fibo — timeframe to look for the last bar;
- Upper color — color of upper lines;
- Main color — color of middle lines;
- Lower color — color of lower lines;
- Style lines — line style;
- Line Width — line width.