Fibonacci Retracement Indicator

The Fibonacci indicator automatically displays the Fibonacci retracement levels, representing significant support and resistance. The range for calculating the indicator can be taken from the previous day, week, month, year or user-specified session.

Levels

100 % (High) of the range from the previous session.
0 % (Low) of the range from the previous session.
76,4 % of the range from the previous session.
61,8 % of the range from the previous session.
50 % of the range from the previous session.
38,2 % of the range from the previous session.
23,6 % of the range from the previous session.
138,2 % of the range from the previous session.

Recommendations

Main Features

The indicator shows the Fibonacci of the range from the previous session.
Six user-definable levels.
Alert notifications for indicator lines.
Custom session time.
Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN).
The indicator is non-repainting.
Ready for backtesting.
Customizable parameters (Colors, Line thickness, Visibility...).
High-speed calculation.
Available for MT4 and MT5.

Input Parameters

Session_Mode - Allows choosing between Daily, Weekly, Monthly, Yearly and Custom Session modes.
Session_Start_Hour - Allows setting start hour if the session time mode is selected. In another case, the parameter is ignored.
Session_Start_Minute - Allows setting start minute if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Hour - Allows setting end hour if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Minute - Allows setting end minute if the session time mode is set. In another case, the parameter is ignored.
Sessions_Back - Allows setting the number of sessions to display. When the value is zero, all sessions are displayed.
Text_Size - Text size of the indicator levels..
Level_1_Value - Allows setting retracement 1 value.
Level_2_Value - Allows setting retracement 2 value.
Level_3_Value - Allows setting retracement 3 value.
Level_4_Value - Allows setting retracement 4 value.
Level_5_Value - Allows setting retracement 5 value.
Level_6_Value - Allows setting retracement 6 value.
Visibility_Line_Description - Allows enabling or disabling the description of lines displaying.
Visibility_Level_100 - Allows enabling or disabling the previous session's high line displaying.
Visibility_Level_0 - Allows enabling or disabling the previous session's low line displaying.
Visibility_Level_1 - Allows to enable or disable the retracement level 1 line displaying.
Visibility_Level_2 - Allows enabling or disabling the retracement level 2 line displaying.
Visibility_Level_3 - Allows to enable or disable the retracement level 3 line displaying.
Visibility_Level_4 - Allows to enable or disable the retracement level 4 line displaying.
Visibility_Level_5 - Allows to enable or disable the retracement level 5 line displaying.
Visibility_Level_6 - Allows to enable or disable the retracement level 6 line displaying.
Color_Level_100 - Color of the previous session's high line.
Color_Level_0 - Color of the previous session's low line.
Color_Level_1 - Color of the retracement level 1 line.
Color_Level_2 - Color of the retracement level 2 line.
Color_Level_3 - Color of the retracement level 3 line.
Color_Level_4 - Color of the retracement level 4 line.
Color_Level_5 - Color of the retracement level 5 line.
Color_Level_6 - Color of the retracement level 6 line.
Alert - Allows enabling or disabling alert notifications when the market touches one of the indicator lines.
Alert_Sound - Allows choosing the alert sound.