Here are a couple of very good threads over at Moneytec that discuss fib patterns:

FIBS - a journey from easy KISSes to tasteful Butterflies

A Collection of Butterflies

Hello
Excellent thread and knowledgable people on it. I have downloaded the indicator to my MT4 indicators, when I choose the indicator to my chart, nothing appears on my chart. I noticed that if i look in the 'Inputs' of the indicator the 'countbars' is on '0' the 'from' is on '0' and 'length' is on '10' and 'alert' is on 'true'.
Do I have to imput numbers where there are the '0' values? I wouls like to use this on a 60 min and 240 min eur/usd chart, so what settings would I have to use please?

Also is there anyone who can code some turning points on a chart? These pick out the highs and lows of the intraday swing. You can normally adjust the settings to pick out larger or smaller swings.
I thank you for your time.

hi fred
all settings are right.but i suppose that u use old version of metatrader platform
u should upgrade it first to built 191 then u can use it
enjoy

Thank you Kamya.
Do you know of any turning point of a swing indicator? It would display a blue arrow for up trend (buy) and red arrow (sell). It must be adjustable so you can fit it well to the timeframe you are trading. Metastock have a plug in called power pivots plus, AGET have a pivot indicator, and other softwares. I was wondering if anyone was smart enough to code one that is accurate for MT4? If anyone can do it, I would think someone on this clever website can.
Thank you.

for who is not aware of the importance of the patterns not interested.
the attached pics are results of my friend and I in trading with patterns(we work as a team).mybe these incourage you to work with patterns.

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