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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
his preferences.

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
    channel.
  • ColorFib – color
    levels.
  • Price_color – the color of the channel width.
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