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Daily FIBO Pro

59 USD

Demo downloaded: 6

Published: 9 September 2024

Current version: 1.4

Daily FIBO Pro

Indicators
Mark Thimoty Evangelista
Version: 1.4
Updated: 25 September 2024
Activations: 10

Unlock Your Trading Potential with BERG Daily FIBO Pro

BERG Daily FIBO Pro is a powerful and customizable Fibonacci retracement indicator designed exclusively for the MetaTrader 4 (MT4) platform. Whether you're a seasoned trader or just starting, this indicator is your go-to tool for identifying key support and resistance levels, enhancing your market analysis, and optimizing your trading strategy.

Why Choose BERG Daily FIBO Pro?

🔍 Precision in Fibonacci Analysis: Gain an edge in the market with automatic Fibonacci retracement levels calculated based on the previous day’s high and low prices. BERG Daily FIBO Pro draws levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) to help you pinpoint potential market turning points with ease.

🔔 Intelligent Alert System: Never miss an opportunity with customizable alerts that notify you when the price touches any Fibonacci level. Choose between visual pop-up alerts or auditory signals to stay on top of your trades.

🎨 Fully Customizable Visuals: Tailor the appearance of the indicator to match your trading style. Adjust colors, line styles, label text, font sizes, and positioning to create a chart that is as informative as it is easy on the eyes.

⏰ Dynamic Updates: Stay updated without the hassle. The indicator automatically refreshes Fibonacci levels at the start of each trading day, ensuring you’re always working with the most relevant data.

🛠️ Smart Resource Management: Keep your charts clean and organized. BERG Daily FIBO Pro manages its own objects, ensuring it only deletes what it creates, leaving your other chart elements untouched.

Key Features at a Glance:

Automatic Fibonacci Level Calculation: Draws daily Fibonacci levels based on the previous day’s market data.
Customizable Alerts: Get notified when price touches a Fibonacci level with options for both visual and sound alerts.
Personalized Appearance: Customize line colors, styles, and label settings to suit your preferences.
Auto-Update Mechanism: Automatically updates Fibonacci levels with each new trading day.
User-Friendly Resource Management: Safeguards other chart objects by managing only its own creations.

Input Parameters

You can customize the behavior and appearance of the indicator using the following input parameters:

• Timeframe: Selects the timeframe for Fibonacci calculation.

• LineColor: Sets the color of the Fibonacci lines (e.g., clrRed).

• LineStyle: Defines the style of the Fibonacci lines (e.g., STYLE_SOLID).

• AlertON: Enables (true) or disables (false) alerts when the price touches Fibonacci levels. • AlertSound: Enables (true) or disables (false) sound alerts when the price touches a Fibonacci level.

• ShowFiboLevel: Each of these parameters controls whether the corresponding Fibonacci level (e.g., 23.6%, 38.2%, etc.) is displayed on the chart.

• ExtendLines: Controls whether the Fibonacci lines extend to the right edge of the chart.

• LabelText: Sets the text label displayed above each Fibonacci level.

• TextFontSize: Determines the font size for the Fibonacci level labels.

• TextHorizontalOffset: Adjusts the horizontal position of the text labels in terms of bar distance.

• TextVerticalOffset: Adjusts the vertical position of the text labels in points.

How It Works:

Attach to Your Chart: Simply add BERG Daily FIBO Pro to any chart in MT4.
Customize Settings: Use the input parameters to adjust Fibonacci levels, alerts, and visual styles to your liking.
Analyze with Confidence: Use the automatically drawn Fibonacci levels to identify support and resistance zones.
Receive Alerts: Get instant notifications when price approaches or touches a Fibonacci level, so you can make timely trading decisions.

Tailored for Your Trading Success

BERG Daily FIBO Pro isn’t just an indicator; it’s a versatile trading companion. Customize it to fit your trading strategy, whether you’re focusing on short-term scalping or long-term swing trading. With its robust feature set and user-friendly design, this tool will help you navigate the markets with confidence.

Got Questions?

Submit your questions to the Comments Section to learn more.

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Version 1.4 2024.09.25

Optional Update:

-Fix ObjectDelete and UniquePrefix to allow multiple instances to load on the same chart.

Version 1.3 2024.09.19

-Fixed a minor bug

Version 1.2 2024.09.18

1. A vertical line has been added at the start of each Fibonacci period for better visual clarity.
2. The 'magicnb' parameter has been removed and replaced with an automatic unique identifier for improved practicality and functionality.

Version 1.1 2024.09.12

1. Added MagicNB Input Parameter: Enables the ability to load multiple instances of the indicator on a single chart, allowing for greater flexibility and customization.