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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:

    • Like Like x 2
  2. danielwied78

    danielwied78 New Member

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    Ijin download
    Thanks for sharing
    Semoga sukses
     
  3. Wael Gad

    Wael Gad Member Credit Hunter

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    Nice Idea, will try it
     
  4. Wael Gad

    Wael Gad Member Credit Hunter

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    Which file is the Templete???
     
  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
     
  6. alanrssantos

    alanrssantos New Member

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    5/5,
    This is my review for this thread:
    is very good
     
    • 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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  8. sakdu

    sakdu New Member

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    4/5,
    This is my review for this thread:
    good
     
  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:
     
  10. Dr.TofyGuy

    Dr.TofyGuy Member Credit Hunter

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    can i know more details about the astro indicator in the chart ?
     
  11. Sunny

    Sunny Member Credit Hunter

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    4/5,
    This is my review for this thread:
    Thank sharing
     
  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.
     
  13. alexteo

    alexteo New Member

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    will try this indicator... see it
     
  14. Suwiji sugianto

    Suwiji sugianto New Member

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    Sebagai pemula saya ingin belajar mempelajari dan ijin untuk download makasih atas sharenya
     
  15. roddy321

    roddy321 Member Credit Hunter

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    This is my review for this thread:
    Nice indi
     
  16. Reynold

    Reynold New Member

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    5/5,
    This is my review for this thread:
    keren
     
  17. neotrading

    neotrading Member Credit Hunter

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    4/5,
    This is my review for this thread:
    good sharing. Thanks
     
  18. farcas vlad

    farcas vlad New Member

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    4/5,
    This is my review for this thread:
    good
     

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