The indicator is created for professional trading by Fibonacci levels. AutoFiboLevels plots Fibonacci retracement and extension levels on impulse and corrective wave. The indicator unambiguously interprets a market situation. Points of extremum for level plotting are calculated using fractal analysis. A trader can independently set retracement and extension levels and calculation time frame adjusting the indicator for various strategies.
Parameters:
- WorkTF – time frame for indicator calculation, if (= 0) – current time frame;
- fiboPercLevel_1…11 – Fibonacci retracement levels;
- upFiboLevelColor – Color of upward grid lines of Fibonacci retracement levels;
- dnFiboLevelColor – Color of downward grid lines of Fibonacci retracement levels;
- ShowFiboImpuls – if (= true) – display Fibonacci retracement levels on an impulse wave;
- ShowFiboCorrection – if (= true) – display Fibonacci retracement levels on a corrective wave;
- FiboShowCorrect – level of an impulse level retracement, Fibonacci retracement levels are displayed on a corrective wave when this level is reached and if ShowFiboCorrection = true;
- ShowExpImpuls – if (= true) – display impulse wave extension level;
- ShowExpCorrection – if (= true) – display corrective wave extension level;
- fiboPercExpansion_1…5 – Fibonacci extensions;
- upFiboExpansionColor – Color of upward grid lines of Fibonacci extensions;
- dnFiboExpansionColor – Color of downward grid lines of Fibonacci extensions.
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