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ADD FIBONACCI TO DINAPOLI-MALAY-TARGET INDICATOR

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bumsky

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GoodDay administrator. I am a new member an have Dinapoli-target-malay indicator with

setting of barn(300) and length (10). Please i want automatic fibonacci or autofibo of 75 or

76.1% to be added to it any time it changes direction. It will be useful to people on the

forum. Please kindly send it to bumskynwabufo@yahoo.com after it have been modified


Linkback: https://www.forex.zone/indicator-modifications/16/add-fibonacci-to-dinapoli-malay-target-indicator/192/
#1 - August 22, 2018, 12:37:05 PM
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Some questions:

Where does the 76.1% come from? This is not a typical Fib. level.

What do you mean by "any time it changes direction"?
#2 - August 22, 2018, 06:43:25 PM

Jedi Star

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I believe he must be referring to 76.4 level, which only very few use (as much as I know) but quite an effectively level.

Regars
JS
#3 - August 23, 2018, 04:41:26 AM

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Quote from: Jedi Star on August 23, 2018, 04:41:26 AM
I believe he must be referring to 76.4 level, which only very few use (as much as I know) but quite an effectively level.

I thought it was 78.6. It's been a while though since I read about it. Whatever it is, you're right and not many people use it.
#4 - August 23, 2018, 01:02:56 PM

Jedi Star

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Just to further add, this target indicator works effectively and I have been watching it (not trading it yet), and it is bang on (in equity futures/commodities not sure about Forex but since everything is price action I am sure this goes for Forex as well).  

But again, this has the same issue as the VP indicator which we have been discussing in the other thread.  It doesnt change the levels, until you remove it off the chart and add it again and then you suddenly see the change and some good points.

Just thought of letting you know, in case if you are working on this one.

Warm Regards
~ JS
#5 - August 23, 2018, 02:02:43 PM

bumsky

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I mean 76.4 fib level . What i mean is any time the indicator indicate buy or sell level
#6 - August 23, 2018, 02:50:45 PM

bumsky

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I mean buy or sell direction not level. I need an automated fib. level above 50 fib . It can be 76.4 or 78.6 but can be accepted by mt4 platform
#7 - August 23, 2018, 02:58:30 PM

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I think you guys might be right. The 76.4 does seem more accurate based on the math. I don't know why I was thinking 78.6. I'll look at the code then and possibly change the indicator.
#8 - August 23, 2018, 06:36:29 PM

bumsky

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ok? Thanks! Waiting urgently and anxiously
#9 - August 23, 2018, 11:01:52 PM

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Quote from: bumsky on August 23, 2018, 02:58:30 PM
I mean buy or sell direction not level. I need an automated fib. level above 50 fib . 
I read everything you said, but cannot make much sense of it. Here is an example. In the first sentence, you said not a level, but the next sentence says you need a level. Also, you mentioned before when it changes direction, but the indicator doesn't seem to change direction. It doesn't seem to update any lines until it is reloaded. So please be more clear about what you want done and I will try and help.
#10 - August 24, 2018, 12:29:18 AM

bumsky

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Anytime the indicator reload thats what i mean. To get the next exit target of 76.4 fib
#11 - August 24, 2018, 09:21:41 PM

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I'll make a newer version of this indicator. There are too many parts in the code that I don't like and which can be improved. I'll post the updated version as soon as possible.
#12 - August 26, 2018, 02:21:18 PM

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Here is the new 'Dinapoli Target Malay Indicator'. I had to re-code most of it.


Changes:

- Added the 76.4 Fibonacci level
- The indicator updates the lines now without needing to reload it
- The alerts wont go off every time you load the indicator now
- The indicator is more efficient and faster
- Added adjustable colors
#13 - August 26, 2018, 09:58:43 PM
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bumsky

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Thanks! Admin for the recoding of the indicator. But i have a Nonlag zigzag i need assistance

whenever it reload i need the same 76.4 fib target to be added to it. The setting is lenght(6)

and pct filter(0.5)
#14 - August 27, 2018, 10:37:44 AM
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Quote from: bumsky on August 27, 2018, 10:37:44 AM
Thanks! Admin for the recoding of the indicator. But i have a Nonlag zigzag i need assistance

whenever it reload i need the same 76.4 fib target to be added to it.
This indicator doesn't draw any Fibonacci levels to begin with. So it's not a simple addition of this Fib. level. It would be best to add the more important levels like 61.8 also. This would be more useful to everyone, but there is probably an indicator out there that does this already. Try searching for one. I just spent a lot of time coding your other indicator and now you are asking for something else free right away. Slow it down a little bit buddy :)
#15 - August 27, 2018, 03:53:51 PM
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