1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Fibtree indicator

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Synchronicity, Mar 14, 2012.

  1. Major_Tom

    Major_Tom Corporal

    Joined:
    Jan 15, 2016
    Messages:
    70
    Likes Received:
    67
    Hello, thank you Michael.
    I've tried beta version:
    a) It works better only if the description trend line not contain the level choices (f.e. fibo or track only) and it draw ALL levels.
    b) I think that to set custom level editing the input of the indicator is not a good choice, because that custom level will work for ALL the fibo line that I draw (and not for specific one).
    c) The (+3) default level must be set to 27.2 to have 127.2 and not 38.2

    All the best
     
  2. Synchronicity

    Synchronicity Sergeant

    Joined:
    Apr 28, 2009
    Messages:
    166
    Likes Received:
    65
    Hi Tom

    Thanks for taking the time to comment. I have fixed a few bugs and am working on some more before updating the file. I think I have all of the problems with drawing specific levels sorted.

    I can't think of another way of having the inputs specified rather than using the inputs. You could draw different levels for specific trendlines by showing only specific lines and adjusting the inputs accordingly.
    An example would be to have lines 1, 2 and 3 set to 0.382, 0.5 and 0.618 and lines 4, 5 and 6 set to 0.25, 0.5 and 0.75. You could then select which set to use by puting 123 or 456 in the trendline description.

    Please let me know if you have any other ideas how to do this.

    All the best

    Michael
     
  3. Major_Tom

    Major_Tom Corporal

    Joined:
    Jan 15, 2016
    Messages:
    70
    Likes Received:
    67
    Hi,
    It's ok!! I agree with you. It seems the best way. However, i think is a good choice to set default 4=0.5, 3=0.382, 5=61.8 like the other versions
    Thank you!
    Tom
     
  4. butcher

    butcher Private

    Joined:
    Jun 28, 2014
    Messages:
    44
    Likes Received:
    47
    Hi Michael,

    Have you checked the fibonacci indicator at mql5.com ?

    COMMERCIAL LINK REMOVED

    Regards
     
    yousimon and Mystery_Fx like this.
  5. Mystery_Fx

    Mystery_Fx Recruit

    Joined:
    May 24, 2016
    Messages:
    7
    Likes Received:
    11
    Hello Butcher;
    This indicator is much more better than Fibtree indicator.

    Thanks
     
    yousimon likes this.
  6. Synchronicity

    Synchronicity Sergeant

    Joined:
    Apr 28, 2009
    Messages:
    166
    Likes Received:
    65
    Hi Butcher

    That looks good - I'm assuming that you helped with the coding? If so then well done!!

    All the best

    Michael
     
    butcher likes this.
  7. Major_Tom

    Major_Tom Corporal

    Joined:
    Jan 15, 2016
    Messages:
    70
    Likes Received:
    67
    The Butcher's indicator is a very good indicator...but Michael's indicator is free for all...and this is a very good thing!
     
    butcher and Synchronicity like this.
  8. butcher

    butcher Private

    Joined:
    Jun 28, 2014
    Messages:
    44
    Likes Received:
    47
    Hi Tom,

    Thanks for your comments. It is not my indicator I just helped :)

    Regarding the cost ;

    It is not possible to trade lower time frames such as 1min, 5min at different markets at the same time with fibtree or others. As you know this indicator is very fast and time saving so it is up to trader to save his/her time and be one step forward than others. 12 usd per month is like a one trade's spread cost. So for myself i see it like a free tool as well :)

    Regards
     
    yousimon likes this.
  9. yousimon

    yousimon Private, 1st Class

    Joined:
    Oct 9, 2016
    Messages:
    33
    Likes Received:
    14
    agree great work
     
  10. Major_Tom

    Major_Tom Corporal

    Joined:
    Jan 15, 2016
    Messages:
    70
    Likes Received:
    67
    Hello,
    This is a beta version of an indicator to support Michael FibTree. You have to load FibTree and this indicator in the same chart.
    Press CTRL (one time) and touch 2 candle. It draws line after touching high and low candles (it detects low and high of the candle touched). For another fibline press CTRL again.
    IMPORTANT: after draw line you have move the chart a little bit for fibo levels...I don't know why...maybe the problem is the initialization of Fibtree or...I don't know. I'm not a programmer.......
    You also have buttons "F3", "F4" ,"F5". The default is 35 in fibo trend line description. If you touch the button it add a fibo levels or cancel the fibo level. For Example: if you have drawn Fibo 35 and press F3, the level 3 will be cancelled. If you have drawn 35 and press F4, level 4 will be added. It works for THE LAST fibo line.
    The button "CANCEL ALL", delete all fibo lines.

    This is FREE.
    It is only an experiment but I hope it will be usefull.

    Thanks to Michael for FibTree and Sive for great work!
    Regards

    MT
     

    Attached Files:

    Sive Morten likes this.

Share This Page