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#SpudFibo.mq4
//+------------------------------------------------------------------+
//| #SpudFibo.mq4
//+------------------------------------------------------------------+
#property link "http://www.forexfactory.com/showthread.php?t=30109"
#property indicator_chart_window
//+==================================================================+
//| input parameters |
//+==================================================================+
extern string ColorNote = "--- Fibonacci colors ---";
extern color UpperFiboColor = Navy;
extern color MainFiboColor = RoyalBlue;
extern color LowerFiboColor = DodgerBlue;
extern string TimeFrameNote = "--- Timeframe for the high and low ---";
extern string TimeFrameNot2 = "{1=M1, 5=M5, 15=M15, ..., 1440=D1, 10080=W1, 43200=MN1}";
extern int TimeFrame = PERIOD_D1;
extern string OpenTimeNote2 = "--- Open hour for daily timeframe ---";
extern int OpenTime = 0;
extern string TimeZoneNote = "{0=ServerTime, 1=GMT, 2=LocalTime}";
extern int TimeZone = 0;
Fibonacci analysis with SpudFibo Indicator
https://mt4talk.com/viewtopic.php?pid=7693#p7693
You have the option to customize the colors of the Fibonacci levels. You can choose different colors for Upper Fibonacci levels, Main Fibonacci levels, and Lower Fibonacci levels.
You can decide whether or not you want to display the main Fibonacci lines on your chart. If you choose to do so, these lines will help you identify key price levels.
Now that SpudFibo is on your chart with your chosen settings, you can start analyzing price levels. The Fibonacci retracement and extension levels will be visible. These levels are essential for identifying potential support and resistance zones.
This EA is particularly useful for traders who employ Fibonacci analysis in their trading strategies. You can use it to identify potential entry and exit points based on key Fibonacci levels. It's especially effective in swing trading and day trading strategies.
SpudFibo is a versatile indicator that helps you visualize Fibonacci retracement and extension levels on your trading chart. Use it to identify potential support and resistance zones and enhance your trading strategy, especially in swing and day trading scenarios.
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