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The PipTick Fibo indicator allows you to display the Fibonacci correction levels, which represent significant support and resistance levels. The range for calculating the indicator can be selected from the previous day, week, month, year or a user-defined session.

  • 100 % (High) of the range of the previous session.
  • 0 % (Low) of the range of the previous session.
  • 76.4 % of the range of the previous session.
  • 61.8 % of the range of the previous session.
  • 50 % of the range of the previous session.
  • 38.2 % of the range of the previous session.
  • 23.6 % of the range of the previous session.
  • 138.2 % of the range of the previous session.

  • It is very useful to run several copies of this indicator on the chart and observe the levels of daily, weekly and monthly sessions. As a rule, they act as strong support and resistance levels.

  • The indicator shows the Fibonacci levels based on the range of the previous session.
  • Six customizable levels.
  • Pop-up alerts along the indicator lines.
  • User session time.
  • It works on all timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN).
  • The indicator is not redrawn.
  • Ready for testing.
  • Customizable parameters (color, line thickness, visibility…).
  • Very fast calculations.
  • Designed for MT4 and MT5.
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  • Session_Mode – session mode: Daily( Daily), Weekly( Weekly), Monthly( Monthly), Yearly (Annual) and Custom (custom).
  • Session_Start_Hour – the hour of the session start, if the custom session time mode is set. Otherwise, the parameter is ignored.
  • Session_Start_Minute – the minute of the session start, if the user session time mode is set. Otherwise, the parameter is ignored.
  • Session_End_Hour – the end hour of the session, if the custom session time mode is set. Otherwise, the parameter is ignored.
  • Session_End_Minute – the minute of the end of the session, if the custom session time mode is set. Otherwise, the parameter is ignored.
  • Sessions_Back – the number of sessions displayed. If the value is zero, all sessions are displayed.
  • Text_Size – the size of the text at the indicator levels.
  • Level_1_Value – the value of the correction level 1.
  • Level_2_Value – the value of the correction level 2.
  • Level_3_Value – the value of the correction level 3.
  • Level_4_Value – the value of the correction level 4.
  • Level_5_Value – the value of the correction level 5.
  • Level_6_Value – the value of the correction level 6.
  • Visibility_Line_Description – enable / disable the display of line descriptions.
  • Visibility_Level_100-enable / disable the display of the High line of the previous session.
  • Visibility_Level_0-enable / disable the display of the Low line of the previous session.
  • Visibility_Level_1-enable / disable the display of the correction level line 1.
  • Visibility_Level_2-enable / disable the display of the correction level line 2.
  • Visibility_Level_3-enable / disable the display of the correction level line 3.
  • Visibility_Level_4-enable / disable the display of the correction level line 4.
  • Visibility_Level_5-enable / disable the display of the correction level line 5.
  • Visibility_Level_6-enable / disable the display of the correction level line 6.
  • Color_Level_100 – the color of the High line of the previous session.
  • Color_Level_0 – the color of the Low line of the previous session.
  • Color_Level_1 – the color of the line of the correction level 1.
  • Color_Level_2 – the color of the line of the correction level 2.
  • Color_Level_3 – the color of the line of the correction level 3.
  • Color_Level_4 – the color of the line of the correction level 4.
  • Color_Level_5 – the color of the line of the correction level 5.
  • Color_Level_6 – the color of the line of the correction level 6.
  • Alert – enable / disable alerts when the price touches one of the indicator lines.
  • Alert_Sound-select an audio file for alerts.

  • Level_100 – the maximum value of the range.
  • Level_0 – the value of the minimum of the range.
  • Level_1 – the value of the correction level 1.
  • Level_2 – the value of the correction level 2.
  • Level_3 – the value of the correction level 3.
  • Level_4 – the value of the correction level 4.
  • Level_5 – the value of the correction level 5.
  • Level_6 – the value of the correction level 6.

Key Features of Algorithmic Trading Software

14 September 2017

1.0

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