fe fibo expansion
Info
The fe fibo expansion is a Indicator for MetaTrader 4 that hello to all traders. this is fe fibo expansion that i create using 2 object(p[2]) in array that represent their properties for each direction up or down.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use fe fibo expansion
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.
What this tool does
hello to all traders.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: fibo color indicator - another powerful indicator for MetaTrader 4 traders.
hello to all traders..
this is fe fibo expansion that i create using 2 object(p[2]) in array that represent their properties for each direction up or down.
Also recommended: fibonacci support and resistance indicator - similar indicator with strong performance on MetaTrader 4.
here is a class look like:where for each direction they must have 3 prices a, b and c that is upper, lower and a price between upper and lower.while, aa, bb, and cc are the bar locations for their respective prices a, b and c earlier.
then, i used the fractal formula and a little modification to determine the 3 points upper, lower and price between them along with its directions.
i use loop from the recent bar location:
if it found 3 points of either up or down direction, the loop breaks.
i have to take out the 3 points earlier.
and finally draw using obj_expansion object..and i use a single function drawexpansion(...).
here, i use
0.618,
1.000,
1.618,
2.618 and
4.236 level.
You may also like: din fibo next - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.10"
#property strict
#property indicator_chart_window
string tool="fiboexpansion";
class ___
{
public:
int.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.