Fib. Retracement levels
HI I am new at all this I am looking for a scrip that will put pivot point on medatrader 4
Rich
You need to study a bit more on fibs... i suggest the Harmonics Trader by Carney Scott and the AB=CD by Sundeep Bilkhu
Originally Posted by arezab
This is not a single indicator. You already have Fibonacci tool on MT4 platform but you should manipulate the values in levels tab and add your desired descriptions in front of them (as I did), nothing special and easy. You need to enter the following values and their respective descriptions for your fibo tool to exactly show up like mine. .
level description
0 BUY@ %$
0.382 38.2
0.5 %$ - 50.0
0.618 61.8
1 Sell@ %$
0.764 76.4
1.382 Target1 138 = %$
-0.382 Target1 138 = %$
-0.618 Target2 162 = %$
1.618 Target2 162 = %$
2 Target3 200 = %$
-1 Target3 200 = %$
2.382 Target4 238 = %$
-1.382 Target4 238 = %$
-1.618 Target5 262 = %$
2.618 Target5 262 = %$
The demark indicator is attached. I use it on 30M chart and set the LevDP to 12
/go?link=https://www.forexfactory.com/attachment.php?attachmentid=89732&d=1203959519
Thanks for the share Naatha,
Something new to me regarding the fib tool. I just used to put the levels like this and never thought of labelling them and use the %$....
It looks nice and more understandable...
Seems you are someone who will bring lots of good to this board.
All the best
my new mtf inds:https://www.mql5.com/go?link=http://www.tradingrooms.com/chartpost/_tr_naathanaatha_img/naatha2272008175912.pnghttps://c.mql5.com/3/139/icon12.gif
Thanks man
'
Good stuff, keep posting... 
New stuff should go in new threads.... 
I like to say it's wondefull site
Thanks for the share Naatha,Something new to me regarding the fib tool. I just used to put the levels like this and never thought of labelling them and use the %$....It looks nice and more understandable...Seems you are someone who will bring lots of good to this board.In the fibo properties box if you put for example %$followed by 2 spaces and then your fibo value e.g.38.2 then the price for that fibo level will appear on your fibo line.All the best
HI I got an problem, which is the Zip file I download not anble to unzip it!!! can advised What to do ?
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Hi,
I'm finding it extremely difficult in knowing which level will hold in Fib. Retracements !
I've seen on the charts that prices reverse midway between 50% & 61.8% sometimes. Price can under shoot or over shoot a Fib. level.
Can somebody pls. give me a few tips/helpful advice on this subject matter ?
Do we look for Trend Reversal patterns @ Fib. Levels or can we incorporate few simple indicators to help determine probable price turning points etc,etc..
Thanks, Stef