Using Fibonacci

[jstap]

I keep seeing people asking about how to use Fibonacci, although this is quite specific to someone's requirements, I will add an MQL4 shared link on how I use it (MT5 is the same). This moves high/low to a new top and bottom in trend, then moves as price moves while constantly moving Fibonacci to match.

I hope this helps people.

https://fxdreema.com/shared/POQmTHk7c

[l'andorrà]

Great idea. Thanks for sharing.

[jstap]

@l-andorrà You are welcome.

[nasserminaei]

@jstap
Hi, thanks for sharing the idea, I have tried to build the same EA but when I plot it on the chart it doesn't draw the Fib on the chart. Here is the link to the project.
https://fxdreema.com/shared/qiY2bUO5d
I would appreciate your comment on that. thanks

[jstap]

Separate your trees, the reason I have them separate is so blocks work when others don't

[nasserminaei]

@jstap first I have tried that. was the same didn't work. it doesn't show me anything on the chart

[jstap]

Add the latest shared link with all in the correct order. Just download and use mine.

[nasserminaei]

@jstap
this is the shared link for separated trees but still can't figure it out
https://fxdreema.com/shared/4gaK1FNUb

[nasserminaei]

@jstap
I have also tried yours. The same. the problem is that I can't see anything on the chart when I put the EA on the chart.

[nasserminaei]

@jstap
Here is the snapshot of when I plot the EA on the chart

[jstap]

It does work, you just have to wait for the low line to be drawn, set high/low to candle 0 close price on init.

[xingleba]

@jstap 中国用户亚马逊书记已经停运，如何够吗呢

[VHV-Profit-Masters]

@jstap Thank you very much friend, for sharing this code, it is very useful

[tiagocys]

@jstap You forgot to share the code of "TimeCurrent()" :))))
It'll never works

[Alietehrani]

Hi how to upload the JSON file to the site?

[Miksen5Andrstq]

I started using Fibonacci retracement levels about a year ago, and honestly, they changed the way I look at price action. At first, I didn’t really believe in them — I thought it was just another overhyped tool. But after testing them on major pairs like EUR/USD and gold, I noticed how often price reacts around the 38.2%, 50%, and 61.8% levels.

My favorite setup now is combining Fibs with support/resistance zones. When they line up, entries become much more reliable.

Give it a try on a demo — you might be surprised how often the market respects those levels!

[VHV-Profit-Masters]

@Miksen5Andrstq said in Using Fibonacci:

Fibonacci con zonas de soporte/resistencia.

Tu puedes unir estos dos video tutoriales y resolverás tu problema:

https://www.youtube.com/watch?v=Vl70r7j1x_0&pp=ygUwZmlib25hY2NpIHN1cHBvcnQgYW5kIHJlc2lzdGFuY2UgbGV2ZWxzIGZ4ZHJlZW1h

https://www.youtube.com/watch?v=cjiJ0pYmOWI&pp=ygUwZmlib25hY2NpIHN1cHBvcnQgYW5kIHJlc2lzdGFuY2UgbGV2ZWxzIGZ4ZHJlZW1h