ChannelsFIBO_v2 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The extended version of channel FIBO implements the indicator selected by the reference distance (the distance is considered as 100% of the channel width of each individual bar):
For example, when selecting the reference distance "by SD", the channels will look like this:
Attachment download
📎 channelsfibo_v2_ad.mq4 (27.11 KB)
Source: MQL5 #14749
ChannelsFIBO_v2 - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ChannelsFIBO_v2 - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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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