Topic: Fibo indicators request

For all dear coders

I need that indicator " daily , weekly and previous bar "

Thanks in advance

Post's attachments

#SpudFibo.mq4 8.42 kb, 6 downloads since 2012-06-29 

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Re: Fibo indicators request

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.

Post's attachments

spud fibo v1 beta no download.cs 13.49 kb, 29 downloads since 2012-07-02 

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Re: Fibo indicators request

hey footon and thnx for the rapid action as usual smile

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 smile

thanks

Re: Fibo indicators request

breakout or retrace using which Fibonacci level!!!!!

Re: Fibo indicators request

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

Post's attachments

Daily Fibo.mq4 9.44 kb, 6 downloads since 2012-07-02 

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Re: Fibo indicators request

ahmedalhoseny wrote:

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.

Re: Fibo indicators request

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?

Re: Fibo indicators request

footon wrote:

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 smile

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 !!!!!

Re: Fibo indicators request

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 smile Show me what it is doing wrong.

Re: Fibo indicators request

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 !!!!!

Re: Fibo indicators request

Retracement vs breakout:


http://thetraderguy.com/images/breakout2.png



http://www.innerfx.com/wp-content/charts/2011/06/fibonacci-retracement-example.png

Don't mind the comments, shots are important.

Re: Fibo indicators request

Hi,
I tested this new indicator with 1H und 1Day data.
The result looks nice.
I attached one example.
thomas

Post's attachments

Spud_1D_Snappshoot.jpg 217.11 kb, file has never been downloaded. 

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http://www.tradessystem.com/

Re: Fibo indicators request

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

http://www.tradessystem.com/

Re: Fibo indicators request

Looks interesting, what's the Custom Donchian Channel?

Re: Fibo indicators request

I found this indicator here in the forum.
I added the indicator in this posting.
thomas

http://www.tradessystem.com/

Re: Fibo indicators request

O.K. that's the one footon did last month instead of having it as an opening point.

Re: Fibo indicators request

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

http://www.tradessystem.com/

Re: Fibo indicators request

I haven't received any real feedback on these indis, only rumors wink

Below is v3, fully functional - previous bar or previous day.

Post's attachments

Spud fibo v3.cs 17.13 kb, 42 downloads since 2012-08-19 

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