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Suggestion Auto-Fibonacci-Retracement.mq4

Discussion in 'Indicators dan Tools' started by Riza Rohman, 08 Dec 2016.

  1. Riza Rohman

    Riza Rohman Active Member Credit Hunter

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    The Fibonacci indicator is one that is commonly used by institutional traders and therefore the level of support and resistance created by this indicator is more significant.

    The Fibonacci indicator consists of retracement and extension. All you need to do is to drag the indicator from the top to the bottom of the wave and you will be able to select which retracement and extension level you want to show.

    From my trading experience, retracement level like the 0.382, 0.500 and the 0.618 have more power than the rest of the retracement levels. As for the extension, it depends on the retracement.

    If the price hits the 0.382 retracement level, the price will usually stop at the 1.272 extension level.

    [​IMG]
     

    Attached Files:

    Riza Rohman, 08 Dec 2016
    #1
    • Like Like x 2
  2. danielwied78

    danielwied78 New Member

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    Ijin download
    Thanks for sharing
    Semoga sukses
     
    danielwied78, 08 Dec 2016
    #2
  3. Wael Gad

    Wael Gad Member Credit Hunter

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    Nice Idea, will try it
     
    Wael Gad, 08 Dec 2016
    #3
  4. Wael Gad

    Wael Gad Member Credit Hunter

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    Which file is the Templete???
     
    Wael Gad, 08 Dec 2016
    #4
  5. blackking

    blackking Well-Known Member Credit Hunter

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    Nice to share fibonaci
    I am also ever reading about fibonacci retracement which also as help tool to analyze the area that figured on fibo line
    but maybe trader having own experience with this indicator
     
    blackking, 09 Dec 2016
    #5
  6. alanrssantos

    alanrssantos New Member

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    5/5,
    This is my review for this thread:
    is very good
     
    alanrssantos, 14 Dec 2016
    #6
    • Informative Informative x 1
  7. rama1881

    rama1881 Member

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    Love to using that on fundamental / high impact news, marvelous :clap::clap::clap:


    Indonesian portal forex live trading and streaming (education only) at
    www.fx8pro.com
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    www.fin8ity.com
     
    rama1881, 15 Dec 2016
    #7
  8. sakdu

    sakdu New Member

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    4/5,
    This is my review for this thread:
    good
     
    sakdu, 03 Feb 2017
    #8
  9. Java Scratch

    Java Scratch New Member

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    Terima kasih pak Riza Rohman atas share indikatornya semoga selalu diberikan sehat supaya bisa sering share:angel:
     
    Java Scratch, 03 Feb 2017
    #9
  10. Dr.TofyGuy

    Dr.TofyGuy Member Credit Hunter

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    can i know more details about the astro indicator in the chart ?
     
    Dr.TofyGuy, 05 Feb 2017
    #10
  11. Sunny

    Sunny Member Credit Hunter

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    4/5,
    This is my review for this thread:
    Thank sharing
     
    Sunny, 12 Apr 2017
    #11
  12. Antonio Carlos de Lara Jr

    Antonio Carlos de Lara Jr Active Member Credit Hunter

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    5/5,
    This is my review for this thread:
    Good.
     
    Antonio Carlos de Lara Jr, 30 Jan 2018
    #12
  13. alexteo

    alexteo New Member

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    will try this indicator... see it
     
    alexteo, 31 Jan 2018
    #13
  14. Suwiji sugianto

    Suwiji sugianto New Member

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    Sebagai pemula saya ingin belajar mempelajari dan ijin untuk download makasih atas sharenya
     
    Suwiji sugianto, 03 Feb 2018
    #14
  15. roddy321

    roddy321 Member Credit Hunter

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    This is my review for this thread:
    Nice indi
     
    roddy321, 18 May 2018
    #15
  16. Reynold

    Reynold New Member

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    5/5,
    This is my review for this thread:
    keren
     
    Reynold, 04 Mar 2021
    #16
  17. neotrading

    neotrading Member Credit Hunter

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    4/5,
    This is my review for this thread:
    good sharing. Thanks
     
    neotrading, 19 Mar 2021
    #17
  18. farcas vlad

    farcas vlad New Member

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    4/5,
    This is my review for this thread:
    good
     
    farcas vlad, 13 Apr 2021
    #18

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