Di Napoli and Fibos
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Di Napoli and Fibos
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Basic code for fast and handy Fibos and DiNapoli objectives (OP, COP, XOP) ploting on chart.
Every Blue line is indicating averaged Fibo levels calculated from: .328, .500, .618 for corrisponding fractals specified by user.(lighter color is meaning nearest fractals (H/H, L/L).
Fibo nodes averaged to eliminate to many lines ploted on chart.
Red, Violet, Pink, Brown lines are indicating DiNapoli targets. (lighter lines for COP's, darker for XOP's)
Happy trading.
extern int FracsFromBar = 6; // this is number of bar from which indi calculates back fractals specified below，"0" means current bar.
extern int FibFractals01 = 12; // first and nearest to bar specified before range for fractals (H/H,L/L for spec. nr of bars)
extern int FibFractals02 = 22; // second range for fractals (H/H,L/L for spec. nr of bars)
extern int FibFractals03 = 32; // third range
extern int FibFractals04 = 45; // fourth, wider range
extern bool CommentsOn = false; // short description on chart, leave it "false" if to chart is attached another indi with comments. Image:
