FibGenerator TRO MODIFIED
I found a pretty cool fib generator while surfing the net.
I added user inputs so you can control the colors.
FREE MT4 version of FibGenerator TRO MODIFIED, including SOURCE CODE, attached.
2009.03.01 FibGenerator TRO MODIFIED
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- TheRumpledOne
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2009.03.01 FibGenerator TRO MODIFIED
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- prochargedmopar
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Neat,
Reading in the mp6140 thread that fibs are on their way out in forex. S/R taking over.
??
Reading in the mp6140 thread that fibs are on their way out in forex. S/R taking over.
??
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Ok, so which is better for a noob if all I want is the zig/zag lines?
The fib generator or the TRO modified zig zag that has the little chart that tells how many lines to wait.....
The fib generator or the TRO modified zig zag that has the little chart that tells how many lines to wait.....
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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How to use this indicator
I found this indicator in the donational indicators list, and tried to search online on how to exactly use this, but I am having a bit of trouble understanding this.
For example how does the zig-zag lines help me understand which way the market is going. I understand the general retracements of FIB, but I dont really understand this one.
Additionally, what is the "A" , "B" , AND "C" signifying here.
Thanks in advance
For example how does the zig-zag lines help me understand which way the market is going. I understand the general retracements of FIB, but I dont really understand this one.
Additionally, what is the "A" , "B" , AND "C" signifying here.
Thanks in advance
- TheRumpledOne
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They don't.
The indicator is plotting fib lines so those who use fibs can see where the levels are automatically instead of plotting by hand. A, B, C are when price changed direction,
The indicator is plotting fib lines so those who use fibs can see where the levels are automatically instead of plotting by hand. A, B, C are when price changed direction,
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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