i-IntradayFibonacci - MetaTrader 5 Script - MT4/MT5 Resources
Intraday Fibonacci levels. The previous day's daily candlestick parameters are used to draw support and resistance levels. These levels are constructed based on the Fibonacci distance of the high and low prices of these candlesticks. The unit of measurement is the size of the candlestick on the daily chart.
The indicator can use the TimeFrame input parameter to analyze not only the daily timeframe, but also any other timeframe that must be larger than the current chart period.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 26, 2007. Metrics discussed here .
Figure 1 i-Intraday Fibonacci indicator
Attachment download
📎i-intradayfibonacci.mq5 (8.58 KB)
Source: MQL5 #1613
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