ChannelsFIBO_v2_MTF - MetaTrader 4 Script - MT4/MT5 Resources
Multi-time frame version channel FIBO_v2 indicator. Different from the parent of the Source Data Time Range parameter. Therefore, regardless of the current time frame selected, the indicator is able to display the current situation corresponding to the specified chart period.
The image shows an example of indicator values for the current period М5 on the chart. Value for the Source Data Time Range parameter - "1 hour":
Attachment download
📎 channelsfibo_v2_mtf_ad.mq4 (28.17 KB)
Source: MQL5 #14845
ChannelsFIBO_v2_MTF - MetaTrader 4 script usage and filtering suggestions
ChannelsFIBO_v2_MTF - MetaTrader 4 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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