Hi

add the fib retracement tool onto the chart
right click over the indicator , the screen comes up with options for the tool
there are four tabs - choose the "fibo levels" tab and delete the levels you do not want to use
this will remain permanent until you reset the parameters and the standard levels will reappear

Regards

you can also add: %$ after the fib levels in the description. This will put the price level on the Fib lines. I always add about 6 spaces before it to space the price level out from the percentage.

I am attaching an image.

Also, you have to put a negative symbol in front of some of the FIB X levels to get them on the opposite side of the FIBs.

MD

Attached Images

	fibs.gif (1.2 KB, 1687 views)
	fibs2.gif (19.0 KB, 1684 views)

Fibo retracement indicator.

Attached Files

Fibo_Retracement_Dynamic.mq4 (8.4 KB, 495 views)

is this indicator finished? Seems the last function was left out...

Thanks for answers. All working perfect now.

Fibo retracement indicator, in separate window.

Go long when price above EMA34 and FIBO_S above 0.

Go short when price below EMA34 and FIBO_S below 0.

Attached Images

USDJPY_H1.jpg (50.6 KB, 1564 views)

Attached Files

FIBO_S.mq4 (8.7 KB, 773 views)

Hello all

I want to learn more about this indicator. I know that it draw the 23.6,38.2 50, 61.8 and 100% of the Fibonacci lines but i do not know what is the 0.00 line that it draw somewhere between those line. does any one know when the indicator draw it? and what is the significant of this line?

I am sure that i can learn a lot from this place.

Thank you

Attached Files

FiboRetracement3D.mq4 (15.4 KB, 252 views)

Hi agarwalsharma,

I moved your post to this thread (with 2 days redirection and PM'ed to you with this link) so hope you will find this thread. This indicator (you posted) was evaluated here on this thread.

So, use this thread to get some preliminary information and that thread how to use the fibo_pivot indicator? to navigate through the trading systems based on Fibo.

Thanks. This looks interesting. Should the default settings (Target period: 34 and Fibo period: 17) be used for the 1H chart?

The fibo spiral already exists for download, open the navigator and right click on scripts, scroll down to online library,MetaEditor will open and it should be right there in the list, right click to and select download.