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The indicator draws an equidistant trend channel and overlays
according to the latest extremes, the Fibonacci levels (expansion). Has a set of
settings that allow you to adapt it to your strategy and trading
style, as well as determine the appearance. For those who
trades in a channel, the indicator reflects the inclined or
inclined side channels to choose from and writes the width of the side channel in the window
terminal. Each trader can make up a set of Fibonacci levels for himself from
It is possible to place several
indicators simultaneously displaying channels from different periods. They
are recalculated automatically.
- TimeFrame – selection of the period from which it will be
the channel is displayed (Current – current).
- AllBars – the number of bars to calculate the channel.
- BarsForFract – the number of bars to determine the extremum (if 0, it is determined automatically for each TF).
- Fibo – choice,
how Fibo levels will be drawn (disabled, levels, extension).
- ExpansionLevels – a set of levels for Fibonacci expansion (write with “;”
without spaces), maximum 30.
- FiboLevels – a set of Fibo levels (write with “;” without spaces), maximum 30.
- lengthening_Fibo – lengthening of the Fibo levels to the right (fiboray = false). The value in bars.
- Channel – draw a channel (true by default).
- ChannelBack – channel fill (false by default).
- CannelRay – the channel is drawn without a side channel.
- FiboRay – Fibo levels as a ray.
- PriceCannel – display the channel width.
- ColorChannel – color
- ColorFib – color
- Price_color – the color of the channel width.
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