Forex Zone | Forex Forum

Fibonacci Golden Zone indicator

Discussion started on MT4 / MT5 Indicators

  • Posts: 110
  • Points: 1006
  • Likes Received: 35
  • Reputation: +1/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_clip
Good afternoon, please ask permission for the admin because I will share the indicator that I use, namely Fibonacci golden zone. This Fibonacci is automatic and does not need to be confused to draw the fibo line. This indicator is great because it is also accompanied by a view of any timeframe. And available for mt4 and mt5. So we don't need to be confused anymore to open a position using Fibonacci enough to use this Fibonacci. Please if you want to download. thanks.

Linkback: https://www.forex.zone/mt4-mt5-indicators/8/fibonacci-golden-zone-indicator/2795/
#1 - October 31, 2019, 06:40:00 PM
Attachments:

  • Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_index
  • Posts: 2863
  • Points: 30462
  • Likes Received: 2680
  • Reputation: +147/-12
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_clip
Thanks for sharing this Fibonacci based indicator. Fibonacci is one of my favorite trading subjects.

Attached is a screenshot using the template with default settings. It seems to be a simple Fibonacci retracement indicator using the ZigZag indicator. The Fibonacci retracement levels of 38.2 to 61.8 then becomes a colored zone. So it basically does what the standard Fib. retracement tool in MT4 does, but does it automatically and adds color/alerts. 

If anyone has any tips on using this indicator or any experience, please share.
#2 - November 01, 2019, 11:14:51 AM
Attachments:

  • Posts: 110
  • Points: 1006
  • Likes Received: 35
  • Reputation: +1/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
how to use it is quite easy sir. we just need to wait until the zigzag is formed first. and if it has formed, zigzag will also be formed perfectly. we just need to wait for the price to retrace to that golden area of the colored fibo. the longer the period the better.

our example uses the H4 timeframe, don't open the position first before the zigzag is formed perfectly, wait for it to form, then open the position when retrace
#3 - November 02, 2019, 02:16:58 AM

  • Posts: 56
  • Points: 0
  • Likes Received: 4
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
good indicator sir. so this uses the zigzag reference for the highs and lows, sir. then when correction can open a position
#4 - November 03, 2019, 06:38:10 PM

  • Posts: 110
  • Points: 1006
  • Likes Received: 35
  • Reputation: +1/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
good indicator sir. so this uses the zigzag reference for the highs and lows, sir. then when correction can open a position
right sir try to wait for the zigzag to form perfectly first and then the zigzag compilation has been improved so that is the right area for the open position (the gold color indicates an area that is still fresh) whereas (the light blue color share the area that has been touched) so that it is only available in the gold area
#5 - November 03, 2019, 10:18:32 PM

  • Posts: 50
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx New!

that means we are just waiting for the formation of zigzags perfectly and waiting for the price to reach the golden fibo area right sir? where is a good timeframe?
#6 - November 04, 2019, 03:48:56 AM
« Last Edit: June 03, 2020, 10:03:53 AM by Mikser »

  • Posts: 110
  • Points: 1006
  • Likes Received: 35
  • Reputation: +1/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
that means we are just waiting for the formation of zigzags perfectly and waiting for the price to reach the golden fibo area right sir? where is a good timeframe?
absolutely right sir. A good timeframe is recommended at least H4 and if zigzag is formed perfectly it can open a position during correction
#7 - November 04, 2019, 01:01:52 PM

  • Posts: 54
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
for the zigzag settings after I tried to match the 24 period for the H4 timeframe, it is enough for 1 timeframe to avoid confusion
#8 - November 09, 2019, 11:55:18 AM

  • Posts: 2
  • Points: 1104
  • Likes Received: 0
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
Excellent . nut i use default template in mt5 
#9 - April 18, 2020, 11:09:16 AM

  • Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_index
  • Posts: 142
  • Points: 3356
  • Likes Received: 13
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx New!
Good afternoon, please ask permission for the admin because I will share the indicator that I use, namely Fibonacci golden zone. 
good afternoon too sir, I see this fibonaci indicator is good and very simple, all I ask is whether this indicator can be used for a cellphone because my laptop is being distracted / error.  thanks
#10 - May 31, 2020, 08:33:59 AM
« Last Edit: June 03, 2020, 10:04:23 AM by Mikser »

  • Posts: 161
  • Points: 683
  • Likes Received: 3
  • Reputation: +0/-0
Fibonacci Golden Zone indicator in MT4 / MT5 Indicators_xx
Good morning too it so good indicator
#11 - June 03, 2020, 01:18:08 AM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

clip
GOLDEN LINE INDICATOR

Started by Atminehomo on MT4 / MT5 Indicators

5 Replies
7814 Views
Last post June 18, 2020, 11:31:39 AM
by kisumam
xx
Fibonacci SR Indicator

Started by Admin on MT4 / MT5 Indicators

33 Replies
5529 Views
Last post August 22, 2019, 01:38:53 AM
by Izzati
clip
ADD FIBONACCI TO DINAPOLI-MALAY-TARGET INDICATOR

Started by bumsky on Indicator Modifications

17 Replies
1136 Views
Last post August 30, 2018, 02:00:42 PM
by Jedi Star
question
GOLDEN LINE V4 fx

Started by BROU on MT4 / MT5 EAs

1 Replies
3770 Views
Last post September 26, 2020, 03:20:41 AM
by kiramatkhan