Using Auto Fibonacci Levels [MisterMoTA] indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range.
The script is different from others by letting users to define a consolidation range, user can input the time when range ends and the number of candles for looking back from the defined time, default value is 16 candles.
Users have total control over range definitions, fibonacci numbers, colors and option to show or hide the lines.
The user can choose to display Fibomacci Bullish Expansion levels and also Fibonacci Bearish Expansion level.
After a move hit a resistance or support can be choosed a range to find retracement levels, Bullish or Bearish retracement levels can be displayed checking the options from the indicator pannel.
Here are few examples of usage:
1. Bullish expansion (extension)
2. Bearish expansion (extension)
3. Bullish Retracement
4. Bearish Retracement
The indicator can be used on any timeframe for any pairs, stocks, crypto, forex.
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Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range.
The script is different from others by letting users to define a consolidation range, user can input the time when range ends and the number of candles for looking back from the defined time, default value is 16 candles.
Users have total control over range definitions, fibonacci numbers, colors and option to show or hide the lines.
The user can choose to display Fibomacci Bullish Expansion levels and also Fibonacci Bearish Expansion level.
After a move hit a resistance or support can be choosed a range to find retracement levels, Bullish or Bearish retracement levels can be displayed checking the options from the indicator pannel.
Here are few examples of usage:
1. Bullish expansion (extension)
2. Bearish expansion (extension)
3. Bullish Retracement
4. Bearish Retracement
The indicator can be used on any timeframe for any pairs, stocks, crypto, forex.
ملاحظات الأخبار
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Few small errors fixes in this update:
Variables used for labels that were declared for local purpose were declared for global scope
Variables for calculation of Highets and Lowest pivot points were moved outside the local scope than reasign to be used in local scope so error was fixed
If you'll find any errors or you have any idea of how we can improve ours script please live us a comment or contact us private.
ملاحظات الأخبار
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Updated the length of fibonacci lines, they are extended to the left and fixed lenght to the right.
Users can modify the length of the fibonacci lines from the current bar to the left and where labels will be displayed changing input "Distance from current bar to fib labels" from dashboard, default is 75, meaning the lines will be extended 75 bars from current bar to the right and labesl will be displayed right after fib lines.
Changed the styles of the labels to simple labels with default fib color aligned to center-left side of the fibonacci lines, for a better visibility of the ranges and to avoid labels coming on top of each other.
ملاحظات الأخبار
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As requested by few users changed the fibonacci calculations from linear to Loghartimic.
ملاحظات الأخبار
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As requested by few users of this indicator we added both options Linear and Logarithmic fibonacci lines, users can choose what type of fibonacci calculations for lines to be used from indicator dashboard.
인디케이터에 복사하고 차트에 넣는데 왜 안될까요> ? 이렇게만 설정하라고 알려줍니다 어떻게 해야하나요? FIBEMO 에 대한 Lookback start date 시간설정 이게 무슨말일까요?
MisterMoTA
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@harry55555sungtae, First you have to set a start date with a click on screen after installation, than change the date form dashboard, and set the range end as the date you want and look back number of candles will defin the range than from that high and low will calculate the fibs points.
The date cand be also changed by drag and drop the yellow line on the screen.
yogi98485
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I am unable to use this scrpit
MisterMoTA
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@yogi98485, well that's not my fault that you can not read, I already tposted 3 times the solution: after installing it you need to click anywhere in the main window to activate the date pick-up and after you can customize the dates from dashboard, the script works well for the other 200+ users that are using it so need to work for you too if you have patience to read how to use it
yogi98485
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@MisterMoTA, thanks for your quick reply , I will try for the same.
yogi98485
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@yogi98485, Done now i am using the same. thank you once again
MisterMoTA
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@yogi98485, ok mate, hope it will help you to improve your trading strategies !
ukmpits
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@MisterMoTA Is there any future update Sir? Thanks mate
MisterMoTA
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@ukmpits, the script was just updated on Sep 26, error were fixed, no future upddates planned for the moment as the script is running perfect as was build to do, if you need any custom changes send me a PM
MisterMoTA
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@ukmpits, Just updated Updated the length of fibonacci lines, they are extended to the left and fixed lenght to the right. Users can modify the length of the fibonacci lines from the current bar to the left and where labels will be displayed changing input "Distance from current bar to fib labels" from dashboard, default is 75, meaning the lines will be extended 75 bars from current bar to the right and labesl will be displayed right after fib lines. Changed the styles of the labels to simple labels with default fib color aligned to center-left side of the fibonacci lines, for a better visibility of the ranges and to avoid labels coming on top of each other.