Retracement

Fibonacci retracement – indicator MetaTrader 5

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Fibonacci retracement
Real author: ggekko The indicator plots the Fibonacci retracement levels on the chart for a user-defined number of bars without having to draw the Fibonacci retracement object. The user specifies how many bars they want to use for the retracement and then the indicator keeps track of the highest highs and lowest lows and plots … Read more

ZZ Color Retracement – indicator MetaTrader 5

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Indicator ZZ Color Retracement uses three parameters.
The ZZ Color Retracement based on the Simple ZigZag indicator. In addition to the functionality of the base indicator, the Color Retracemnt analyzes the length of wave movements, highlighting the longer impulse movements in blue and the shorter retracements in red. Medium sized waves are highlighted in gray. Automation of many graphical constructions, including simple … Read more

Fibo Retracement Trader – EA MetaTrader 5

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Expert Advisor uses simple parameters
This simple Expert Advisor was created to illustrate the capabilities of trading the Fibonacci levels. The EA uses the standard ZigZag indicator (from the standard MetaTrader delivery) as the basis for placing the grid. The EA determines the trend direction based on the two latest Highs and two Lows (presence of a higher High and … Read more

Auto Fibonacci Retracement – indicator MetaTrader 4

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Auto Fibonacci Retracement
Real author: Jeff West Automatically draws Fibonacci retracements on chart. Added the following inputs: Fib Line Color Fib Line Style Fib Line Width The Fibonacci retracement automatic calculated position can be adjusted by dragging the top or bottom of the red diagonal line. If the chart period is changed, the Fibonacci retracement will revert to … Read more