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Fibonacci Bollinger Bands MT5

MT4 Version

Fibonacci Bollinger Bands MT5

Fibonacci Bollinger Bands is a highly customizable indicator that shows areas of support and resistance. This indicator combines the logic for the Bollinger Bands with the Fibonacci level. Fibonacci Bollinger Bands is the first indicator in the market that allows the user to 100% customize up to 12 Fibonacci levels, the Moving Average type and the price data source to use for the calculations. This flexibility makes the Fibonacci Bollinger Bands easily adaptable for any Asset and Timeframe! The Fibonacci levels can be modified or deactivated if desired setting its value to 0.

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The levels highlighted by the indicator show areas of support and resistance where a price reaction can be expected. It is also common to see the price coming back to retest these Fibonacci levels offering good potential entry points.

Ideal for HOLD , SCALPING and SWING strategies

At the same time, Fibonacci Bollinger Bands MT5 provides a system of alerts and notifications on the mobile phone and on the MT5 Terminal when the prices touches any of its levels.

Some of the characteristics of the indicator are the following:

  • Time saving
  • Ease of decision-making for entries and taking full or partial benefits
  • Highly customizable
  • Functional in all pairs (Crypto, Forex, Stocks, Indices, Commodities ...)
  • Perfect for Scalping or Swing trading
  • Alerts and notifications on the MT5 terminal and on the mobile phone

Input parameters

Settings:

  • Price Source: Price source for the MAs
  • MA type: Moving average type (SMA, EMA, Linear Weighted MA, Smoothed MA)
  • Lenght [>1]: MA Period for the Middle Line
  • Multiplier [>0]:  Bollinger Bands' multiplier [>0]
  • Level 1 [>0]: Fibonacci Level 1 for Upper and Lower Band
  • Level 2 [>0]: Fibonacci Level 2 for Upper and Lower Band
  • Level 3 [>0]: Fibonacci Level 3 for Upper and Lower Band
  • Level 4 [>0]: Fibonacci Level 4 for Upper and Lower Band
  • Level 5 [>0]: Fibonacci Level 5 for Upper and Lower Band
  • Level 6 [>0]: Fibonacci Level 6 for Upper and Lower Band
    Visualization:

    • Color range (0=Grey,1=Blue,2=Green,3=Red): 4 Default color ranges
    • Default width: Default width for all Levels

    Notifications:

    • Candles to wait for alert reset: Number of candles to reset the Alerts at each level
    • Alerts middle line:  Enables alerts on the MT5 Terminal if price touches the Middle Line
    • Alerts Level 1 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 1
    • Alerts Level 2 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 2
    • Alerts Level 3 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 3
    • Alerts Level 4 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 4
    • Alerts Level 5 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 5
    • Alerts Level 6 (Only if Level activated): Enables alerts on the MT5 Terminal if price touches Level 6
    • Activate Notifications: Enables phone Notifications

    Support and questions

    Do not hesitate to contact me for any questions and support

    Author

    Diego Arribas, private investor and speculator, automation engineer in the aerospace industry

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    Zaha Feiz
    4.86 (7)
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    Stefano Frisetti
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    Bogdan Ion Puscasu
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    Juvenille Emperor Limited
    5 (13)
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    Brian Collard
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    Godwill Fortune Otieno Juma
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    Sergey Ermolov
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    Italo Santana Gomes
    4.9 (10)
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    PZ TRADING SLU
    3.67 (3)
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    Francisco Gomes Da Silva
    5 (5)
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    PZ TRADING SLU
    2.83 (6)
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    Diego Arribas Lopez
    5 (2)
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    Diego Arribas Lopez
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    Diego Arribas Lopez
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    Diego Arribas Lopez
    5 (1)
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    FREE
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    Diego Arribas Lopez
    5 (1)
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    Diego Arribas Lopez
    5 (1)
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    Diego Arribas Lopez
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    FREE
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    Wave Trend MT4
    Diego Arribas Lopez
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    Diego Arribas Lopez
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    Diego Arribas Lopez
    5 (1)
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    [ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block anal
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    Diego Arribas Lopez
    MT5 Version   Order Blocks ICT   Kill Zones   SMT Divergences ICT Breakers The ICT Breakers indicator is a powerful tool for traders looking to gain an edge in the market. This indicator is based on the order flow and volume analysis, which allows traders to see the buying and selling pressure behind the price action. This information can be extremely valuable in identifying key levels of support and resistance, as well as potential turning points in the market. Breaker blocks are areas where i
    ICT Breakers Multi TF MT4
    Diego Arribas Lopez
    5 (1)
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