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Fibonacci Dimension MT4

FREE

Published: 26 August 2022

Current version: 3.1

Fibonacci Dimension MT4

Name: Fibonacci Dimension MT4
Rating: 5 (4 reviews)
Author: Keni Chetankumar Gajanan -

Indicators
Keni Chetankumar Gajanan -
Version: 3.1
Updated: 1 November 2024

'Fibonacci Dimension' indicator allows display of preset or user-defined multi-timeframe Fibonacci levels. It automatically takes the previous high and low for two user-defined timeframes and calculates their Fibonacci retracement levels. It also considers the retraced level to draw the expansions on every change of price. A complete visual dimension in multiple timeframes allows deriving profitable strategies for execution.

Enhanced functionality to view and customize the default Fibonacci Range using key and mouse click combination (e.g. use Shift key and mouse click together - please refer to User Guide to know more).

The functionalities included are:

Provides an option to consider a preset or custom Fibonacci levels for retracement, extension and expansion.
Displays the calculated multi-timeframe Fibonacci levels as a dimension for visual clarity.
Includes an option to choose the previous ‘Year’ for selection.
Handles the Sunday candle and adds to the previous Friday to calculate the Fibonacci levels for Monday (Day - D1).
Able to define a Fibonacci retracement level as the mid-range to be displayed in a different color. The display of mid-range color considers the previous timeframe candle (bullish or bearish).
Option to have notification alerts on specified timeframe's closing price entry or exit from the mid-range levels. Notification is possible as a sound alert, mobile (MetaTrader app) push notification and an email message.
Supports multiple instances of the indicator on the chart to display multiple sets of timeframe retracements.
Allows to toggle the display of extended line till the start of timeframe period.
Customizable formatting of line, font and colors used by the indicator.
Option to show timeframe, level text, along with price for each level.

Includes Fibonacci Expansion levels to allow you to strategise your exit of trades. The indicator draws the extended retracement levels in case the price breaks the 100 level.

Product Links:	User Guide	MT5 version

more...

223

Ingo Reimann 2024.05.15 08:39 #

It is the best Fibonacci I have found in 5 years of trading. I no longer want to be without it in my daily trading. If you trade with Fibonacci, this is a must. A very big compliment to the programmer and thank you for providing it free of charge.

436

jiab 2024.02.10 17:11 #

good ... thank you

1736

faithdefender 2024.05.11 20:47 #

Still trying to figure out how to use it, but it is definitely a "think outside the box" type of indicator.

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Monitoring your trades over time helps you build up your account balance and shows when you miss your goals. Viewing the closed trades of a symbol on the chart can help you adjust your strategy for better results. Maintaining a trade book allows you to record the applied strategy and note the reason for taking each trade. It helps you to evaluate and refine strategies based on its profitability. A possibility to download the Account history as a text file with delimited fields, allows upload to

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Filter:

TheStiltman 2024.08.23 10:40 #

User didn't leave any comment to the rating

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Reply from developer Keni Chetankumar Gajanan - 2024.08.25 08:55 #

Thanks @TheStiltman for the review. Greatly appreciate your kind words. Best, Keni

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Devonish 2024.05.18 13:17 #

User didn't leave any comment to the rating

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Reply from developer Keni Chetankumar Gajanan - 2024.05.18 15:48 #

Thanks @Devonish for the review. Am glad you found the indicator and user guide useful.

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Ingo Reimann 2024.05.15 08:39 #

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Reply from developer Keni Chetankumar Gajanan - 2024.05.15 10:00 #

Thanks Ingo for the review and your kind words. I am glad you found the indicator helpful. Regards,
Keni

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faithdefender 2024.05.11 20:47 #

Still trying to figure out how to use it, but it is definitely a "think outside the box" type of indicator.

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Reply from developer Keni Chetankumar Gajanan - 2024.05.16 04:13 #

Thanks @faithdefender,
I hope the User Guide helps in your understanding on the usage. Please send a message if you need any further clarity.
Regards,
Keni

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jiab 2024.02.10 17:11 #

good ... thank you

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Reply from developer Keni Chetankumar Gajanan - 2024.02.11 04:12 #

Thanks for the review 🙏

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Martin Brown 2023.08.06 18:18 #

Absolutely fantastic. Exactly what I was looking for. If you are a trader trying to learn how the market interacts with Fibonacci this will definitely help you.

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Reply from developer Keni Chetankumar Gajanan - 2023.08.07 04:50 #

Thanks Martin for the kind review. I suggest you use Fibonacci Dimension and the Session Timer indicator, to track price movement. It will help in confirming if the prices are moving as per your strategy during the Asia -> EU -> US sessions. Please read the User Guide for optimal use of the indicators. Session Timer MT4 -> https://www.mql5.com/en/market/product/80007

510

fxpat 2022.11.01 07:18 #

User didn't leave any comment to the rating

9717

Reply from developer Keni Chetankumar Gajanan - 2022.11.02 07:59 #

Thanks @fxpat for the review. Really appreciate it 🙏

Version 3.1 2024.11.01

» Added functionality of sending notification alert to mobile (MetaTrader app) and/or as email message.
» Minor fixes

Version 3.0 2024.09.30

» Added functionality to view and customize the default Fibonacci Range using key and mouse click combination (refer to User Guide)
» Minor fixes and improvements

Version 2.2 2024.02.09

» Fix: Handles candle/bar gap at Open for some symbols (e.g. Gold)

Version 2.1 2024.01.05

- Range fix -> Holidays

Version 2.0 2023.12.06

» Added Functionality: Use custom defined Fibonacci Retracement, Extension and Expansion levels.
- In addition to the earlier preset option, added a new "Custom version" option to get levels stored in files by user
» Changed the storing of alert files in "Sounds" folder.
- Now can choose your own filename for the wav files and input them as parameters.

Version 1.5 2023.11.09

- Notification alerts on candle close within or outside of the mid-range (outer-> #1 & inner-> #2)

Version 1.4 2023.07.14

- Fixes and code improvements

Version 1.3 2022.12.01

- Added functionalities:
  > Option for selection of 78.6 instead of 76.4 level.
  > Fibonacci retracement (extended) levels in case price breaks the Fibo 100
  > Fibonacci expansion levels for profit taking
  > Allows line display in selected colour across levels on clicking line or price.
- Minor fixes and improvements

Version 1.2 2022.09.20

- Minor fixes and improvements.