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Fibonacci Golden Zone indicator

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Dita

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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
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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
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Dita

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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

Mirsal

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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

Dita

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Quote from: Mirsal on November 03, 2019, 06:38:10 PM
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

Ginan

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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 »

Dita

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Quote from: Ginan on November 04, 2019, 03:48:56 AM
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

Bordeo

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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

alrazeen

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Excellent . nut i use default template in mt5 
#9 - April 18, 2020, 11:09:16 AM

kisumam

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Quote from: Dita on October 31, 2019, 06:40:00 PM
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 »

AWAY21

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Good morning too it so good indicator
#11 - June 03, 2020, 01:18:08 AM
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