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FiboStrategy MT4

3

The indicator is based on Fibo levels.


The Indicator's Objective

  1. Calculation of the first market movement (from levels 0 to 100).
  2. Displaying possible price movement from 100 and higher to Profit Level, as well as in the opposite direction to Correction level and Revers level depending on the direction.

The indicator is not redrawn!

All indicator levels can be configured by users:

  • CorrectLvl - correction level. When reached, level 100 is drawn (the market has performed its first movement). The recommended value is 0.055.
  • Profitlvl - auxiliary level of exiting the market with profit.
  • ReversLvl - the level, from which trading in that Fibo direction is stopped. The recommended value is 0.5.
  • RestrictLvl - auxiliary level for sorting out the market's overbought/oversold states.
  • pBand configures sensitivity of the Fibo grid calculation (in bars). The recommended value is 13.


The Sample Strategy

  1. Buy signal appears when level 100 is above level 0. A pending order can be placed at any level. Take profit is set to ProfitLvl level. Stop loss is set to ReversLvl level.
  2. If the order is not activated, while the price has reached ReversLvl, the pending order is to be deleted.
  3. Exit the market after the objective is achieved.


Alternative Usage

If you set a value for Correction parameter greater than 0.5 and 1 or greater for pBand parameter, then the indicator will calculate extremums.
Reviews 2
Paulus Nangoy
3551
Paulus Nangoy 2014.08.16 06:17 
 

Great and awesome indicator :)

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Graf Mason is a tool that will make you a professional analyst! The method of determining wave movements using inclined channels qualitatively conveys the schematics of the movement of any instrument, showing not only possible reversals in the market, but also the goals of further movements!Destroys the myth that the market is alive , clearly showing the schematics of movements from one range to another! A professional tool, suitable for the medium term with the definition of the current trend!
Smart Price Action Concepts
Issam Kassas
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Indicators
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on
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Who will be interested in this product: those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab). The panel is designed to make managing a large number of orders as easy as managing one. This is a lite version . GBPUSD, EURGBP and AUDUSD symbols are available. "Trading" window "Request" tab The currency pairs and order types for opening are formed here. The p
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Who will be interested in this product: those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab). The panel is designed to make managing a large number of orders as easy as managing one. "Trading" window "Request" tab The currency pairs and order types for opening are formed here. The prices and stop levels are set. User can define the price values in points a
Spearman Rank Correlation More Options CTAA
Alexander Vinogradov
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Spearman Rank Correlation indicator featuring enhanced entry and reverse signals Any overbought or oversold zone can be adjusted using Cross Buy or Cross Sell levels (Option 1 = true; Cross Buy and Cross Sell are set by user, if Option 1 = false, it means that this option of generating signals is not applicable). The signals can be generated by crossing over the 0 level, this is Option 2. Please note that there are no reverse levels attached to this option. This option is set up as supplementary
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acedubai
2566
acedubai 2015.03.12 14:59 
 

There is no response from the developer to queries. Very confusing product.

Paulus Nangoy
3551
Paulus Nangoy 2014.08.16 06:17 
 

Great and awesome indicator :)

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Version 1.3 2023.06.22
собрана на актуальном билде МТ
Version 1.2 2014.07.08
Added check of the number of bars pBand.
Version 1.1 2014.03.25
- Added audio signal when correction point appears.
- Added bAlertCorrection parameter to enable/disable correction point alerts.