Fibo assistance please

[TipsyWisdom]

Hey everyone, just wondering if someone would be able to show me how to draw a fib from the last fractal down to last fractal up.

When I look at it, I cant figure out how to make sense of the time vs price within the draw fib block. Not sure when selecting either side of the fib why I'd need to identify time and price.

[TipsyWisdom]

https://fxdreema.com/shared/Ko59Dxsrb

I cant imagine why it isn't this simple.

[bk7]

@jsauter86
try calculate it
fractal up
fractal down
custom block with calculation for your fibo levels

[l'andorrà]

@jsauter86 Sadly, fxDreema is not eficient at plotting fibox on chart. You should calculated levels with simple math instead. Not visually appealing with 100% effective.

[TipsyWisdom]

@bk7 i dont code custom blocks, not sure how to do all that.

[TipsyWisdom]

@l-andorrà once I can get it to draw the fibs how I am thinking, I'll take that into consideration. Thank you!

[bk7]

@jsauter86

What are your fib levels and the formula for those levels ?

[TipsyWisdom]

I think I only want to use the 50...but that this point im only trying to figure out how to auto draw the fib from last "fractal up" to last "fractal down"

[ajmd97fx]

hola @jsauter86 , well, see if I can help you.

1º. Prefix/Name
It is very important to assign a name to the object because later we will have to refer to it.

2º. Bloq "pass"
You are missing the "pass" block to start drawing anything on the graph. "pass" or something that tells you to draw, or if not, it doesn't draw

3º. Time (1)

here you must refer to a candle, if you use daily TF use the daily candle of the previous day.

Something like that.

You can use the same for Time (2)

4º. Price
I think this is well configured

5º. Levels (comma separated)
this is where you define the levels you want to use, separated by commas, for example 0,50,61,8,100

If you select "Yes" in Ray rigth, it will draw the fibo from the time you have configured (the candle of the previous day) to the right edge of the chart and there it will draw the number of levels

6º refer to levels
Finally, you would have to refer to the levels. FxDreema refers to the levels by numbering them from 0, in this example I have given you we have the levels 0,50,61,8,100. Well, the first is 0, the second 1, the third 2, etc. It would be something like this:
0 -> 0
50 -> 1
61.8 -> 2
100 -> 3

Let's suppose that you want to open a buy when it crosses up level 3 which in this case is the fibo 100. You would have to use this block

I think I have not forgotten anything, but ask any questions and surely someone will help you

[bk7]

@ajmd97fx

if am not completely wrong, i think you must finde the candle id which is the latest fractal up and down, otherwise your value will be zero all the time, unless your current candle is at the same time fractal up and down candle?

sry if i am wrong, but iam not so familiar with the output value of the fractal indicator since i dont use it...

[ajmd97fx]

@bk7 said in Fibo assistance please:

if am not completely wrong, i think you must finde the candle id which is the latest fractal up and down, otherwise your value will be zero all the time, unless your current candle is at the same time fractal up and down candle?
sry if i am wrong, but iam not so familiar with the output value of the fractal indicator since i dont use it...

I'm sorry but I don't understand what you mean, have you tried the configuration that I have told you?

[bk7]

@ajmd97fx

does it work on your chart?
i didn't have time make it, i have to fix something ...

[ajmd97fx]

@bk7 said in Fibo assistance please:

of course it works

[TipsyWisdom]

@ajmd97fx thank you, I will create it on my flight today and let you know how it goes.

Thank you again very much!

[TipsyWisdom]

i dont know if that will work, I dont want it to use a candle ID at all, I want the last visible fractal up and last visible fractal down to be used as the fib anchors.

I think logically it is better to store the last fractals as variables, and then when price crosses at the 50% mark either up or down, go long or short. Anyone have a minute to teach me how to logically write that using mt5 blocks

[ajmd97fx]

@jsauter86 in this case, the time parameters 1 and 2 are only to tell you where to put the fibo on the chart, where, not at what price. You indicate the price in the price parameters, and there you are already telling it to take the highest and lowest fractals as a reference, so that's fine.

anyway, let's see if you're lucky and someone else explains it better

[bk7]

@jsauter86

you would need something like this:
check if 2 previous bars is a fractal up/down and if true modify your up down variable otherwise no change.
if change mid level = down+( (up - down)/2)

you have to check if the last fractal is 1 bar or 2 bars check, depends on the indicator you are using

[TipsyWisdom]

@bk7 I'm just using the basic fractals built into fxdreema.

[TipsyWisdom]

@ajmd97fx
thank you

[TipsyWisdom]

@bk7 perhaps I can use the indicator appear block to make this easy?