2009.03.01 FibGenerator TRO MODIFIED

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TheRumpledOne
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2009.03.01 FibGenerator TRO MODIFIED

Postby TheRumpledOne » Sun Mar 01, 2009 2:55 pm

FibGenerator TRO MODIFIED

Image

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.
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FibGenerator_TRO_MOD.zip
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Postby prochargedmopar » Sun Mar 01, 2009 4:31 pm

Neat,
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby TheRumpledOne » Sun Mar 01, 2009 5:07 pm

Fibs are plotted from S/R...LOL!!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby prochargedmopar » Thu Mar 05, 2009 12:43 am

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.....
#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

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 05, 2009 1:23 am

I don't know which is "better".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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How to use this indicator

Postby sammychak » Sun Apr 27, 2014 2:40 am

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

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Postby TheRumpledOne » Sun Apr 27, 2014 3:10 pm

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,
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