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2009.03.01 FibGenerator TRO MODIFIED

Posted: Sun Mar 01, 2009 2:55 pm
by TheRumpledOne
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.

Posted: Sun Mar 01, 2009 4:31 pm
by prochargedmopar
Neat,
Reading in the mp6140 thread that fibs are on their way out in forex. S/R taking over.
??

Posted: Sun Mar 01, 2009 5:07 pm
by TheRumpledOne
Fibs are plotted from S/R...LOL!!!

Posted: Thu Mar 05, 2009 12:43 am
by prochargedmopar
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.....

Posted: Thu Mar 05, 2009 1:23 am
by TheRumpledOne
I don't know which is "better".

How to use this indicator

Posted: Sun Apr 27, 2014 2:40 am
by sammychak
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

Posted: Sun Apr 27, 2014 3:10 pm
by TheRumpledOne
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,