Topic: Fibo indicators request
For all dear coders
I need that indicator " daily , weekly and previous bar "
Thanks in advance
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Forex Software → Technical Indicators → Fibo indicators request
For all dear coders
I need that indicator " daily , weekly and previous bar "
Thanks in advance
I made a simple version, what do you think of it?
I based it on the FSB's old Fibo indi, I'm not sure it works correctly, please point out mistakes and maybe I can mend them.
To other users: this is not worth downloading, better not to use it.
hey footon and thnx for the rapid action as usual
its like pivot indicator it should use the previous bar " daily , weekly or any previous time frame" and then calculate the fibonacci using high and low
i will test it and then sending you the new modification ideas as usual
thanks
breakout or retrace using which Fibonacci level!!!!!
i attached here another fibonacci indicator to clear the idea
its name daily fibonacci but you could change the time frame used 240 , 60 ...etc
some ideas to use the concept
using daily fibonacci levels of previous day and take action on 4hr or 1 hr candle " using 76 retracement level of yesterday to buy ....etc
breakout or retrace using which Fibonacci level!!!!!
I didn't know either! But watching the chart and looking at the code it seems to me the following values get triggered:
Fibo382;
Fibo50;
Fibo618;
Fibo100;
First trade takes place at 382, if it opens below for last up bar.
I was thinking lets get the base solid, if it works fine on previous bar, then we move it to WTF. What do you think?
I was thinking lets get the base solid, if it works fine on previous bar, then we move it to WTF. What do you think?
Ok
So 1st step i think to add levels separated " like pivot levels " , i mean instead of s1,s2,s3,r1,r2,r3 we add .23 , .38 , .50 . 61 ,76 ,100 , 127 .......
i think the easy rout is to modify the original pivot point indicator and change the formula of pivot point into fibonacci formulas !!!!!
V2 is below, how is it?
I played a bit with it, on daily it's quite good, but there's a few logical mistakes. I'm too toasted now to interpret its action, I'll leave the testing generously to you, Ahmed Show me what it is doing wrong.
Hello
I will test it after 2 days iam away from my desk now
But In the Ver 1 i noticed somethings it buy only or sell only according to the way we chose " retrace or breakout" did you noticed that !!! and Why that behavior!!!
Also in Ver 1 generated some nice strategies "using 4hr timeframe" so i need you to look again at ver1 and see if trades taken are logical or imaginary !!!!!
Hi,
I tested this new indicator with 1H und 1Day data.
The result looks nice.
I attached one example.
thomas
Here is the description of the Strategy
Strategy name: TN_1D_ORI_Supi2_030602-100611_67k
Forex Strategy Builder v2.70.0.0
Exported on: 06.07.2012 08:36:03
Description:
Automatically generated on 06.07.2012 08:08.
Out of sample testing, percent of OOS bars: 35%
Balance: 35320,69 EUR (26.12.2007 00:00 Bar: 1666)
Market: EURUSD 1 Day
Spread in pips: 25,00
Swap Long in pips: 2,00
Swap Short in pips: -2,00
Commission per lot at opening and closing in pips: 0,00
Slippage in pips: 5
Maximum open lots: 20,00
Entry lots: 1,00
Adding lots: 1,00
Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 20
Tested bars: 2359
Balance: 60336 pips (59318,03 USD)
Minimum account: -1262 pips (8744,86 USD)
Maximum drawdown: 10092 pips (7543,07 USD)
Time in position: 39 %
[Strategy Properties]
A same direction signal - Adds to the position
An opposite direction signal - Closes the position
Permanent Stop Loss - 1200
Permanent Take Profit - 2000
Break Even - None
[Opening Point of the Position]
Spud Fibonacci
This indicator is for demo only!!!
Direction - Breakout
Sensitivity - 189
[Opening Logic Condition]
Custom Donchian Channel
[ A ] The position opens above the Lower Band
Base price - High & Low
Period - 100
Shift - 11
Use previous bar value - Yes
[Opening Logic Condition]
Aroon Histogram
[ A ] The Aroon Histogram is lower than the Level line
Base price - Typical
Period - 28
Level - 27
Use previous bar value - Yes
[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close
[Closing Logic Condition]
Oscillator of ROC
[ a ] The Oscillator changes its direction upward
Smoothing method - Exponential
Base price - Median
First ROC period - 120
Second ROC period - 83
Use previous bar value - No
[Closing Logic Condition]
Trix Index
[ b ] The Trix Index line rises
Smoothing method - Exponential
Base price - Typical
Period of Trix - 20
Use previous bar value - No
[Closing Logic Condition]
Oscillator of Momentum
[ c ] The Oscillator changes its direction upward
Smoothing method - Exponential
Base price - Typical
Momentum1 period - 79
Momentum2 period - 32
Use previous bar value - No
[Closing Logic Condition]
Previous Bar Closing
[ d ] The bar closes below the previous Bar Closing
Base price - Previous Bar Closing
[Closing Logic Condition]
Money Flow
[ e ] The Money Flow falls
Use previous bar value - No
Looks interesting, what's the Custom Donchian Channel?
I found this indicator here in the forum.
I added the indicator in this posting.
thomas
O.K. that's the one footon did last month instead of having it as an opening point.
Hi,
I googled in the web and found some interesting links about fibonacci-trading and SpudFibo Indicator.
http://www.forexfactory.com/showthread.php?t=31790
http://www.forexstrategiesresources.com … 1319761406
http://www.forexstrategiesresources.com … 1319761419
I don´t understand this all.
thomas
I haven't received any real feedback on these indis, only rumors
Below is v3, fully functional - previous bar or previous day.
Forex Software → Technical Indicators → Fibo indicators request
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