FE Fibonacci Extension - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources

Hello fellow traders...

This is a FE Fibonacci extension I created using 2 objects (P[2]) in an array that represent properties for each upward or downward direction.

This is a class:

 class___
  { people :
integers aa, bb, cc;
Double one,
  Second,
  C;
                    ___():
                    Ah ( 0 ), bb ( 0 ), CC ( 0 ),
                    A( 0.0 ),B( 0.0 ),C( 0.0 )
    {}
                    ~___(){}
  } P[ 2 ];

I then used the fractal formula with a few modifications to determine the upper, lower and price between three points and their direction.

I use a loop with the nearest bar position:

//--- Integer i = 0 ;
Integer meters = 0 , n = 0 ;
boolean stop = false ;
Double hello= 0.0 ,lo= 0.0 ; //--- A= 0.0 ;
  B= 0.0 ;
  C= 0.0 ;
for (m= 0 ,n= 0 ,i= 0 ;i< bar - 5 &&!stop;i++)
    {
      Hello =(
love high ( _symbol , 0 ,i+ 2 )>= love high ( _symbol , 0 ,i+ 0 )&&
love high ( _symbol , 0 ,i+ 2 )>= love high ( _symbol , 0 ,i+ 1 )&&
love high ( _symbol , 0 ,i+ 2 )>= love high ( _symbol , 0 ,i+ 3 )&&
love high ( _symbol , 0 ,i+ 2 )>= love high ( _symbol , 0 ,i+ 4 ))
        ? lovehigh ( _symbol , 0 ,i+ 2 ): 0.0 ;
      Luo=(
low ( _symbol , 0 ,i+ 2 )<= low ( _symbol , 0 ,i+ 0 )&&
low ( _symbol , 0 ,i+ 2 )<= low ( _symbol , 0 ,i+ 1 )&&
low ( _symbol , 0 ,i+ 2 )<= low ( _symbol , 0 ,i+ 3 )&&
low ( _symbol , 0 ,i+ 2 )<= low ( _symbol , 0 ,i+ 4 ))
        ? low ( _symbol , 0 ,i+ 2 ): 0.0 ;
//--- //--- //------------------------------------------------------------------------------------------------------------------------------------------------ //---------------------------------------------------------------------------------------------------------------------------------------- if (Hi! = 0.0 ) // - - - - - - Up - - - - {
if (P[ 1 ].C!= 0.0 )
          {
if (n== 2 )
              {
if (P[ 1 ].B  1 ].C  1 ].B)
                {
                  P[ 1 ].B=Hi; //Modify B[1] before A[1] exists P[ 1 ].bb=i+mber">2; } } if (n== 1 ) { if (P[ 1 ].C<hi) { P[ 1 ].B=hi; //This B[1] dn P[ 1 ].bb=i+ 2 ; n++; } other { n--; P[ 1 ].C= 0.0 ; } } } //--- if (P[ 0 ].C== 0.0 ) { if (m < 1 ) { P[ 0 ].C = hi; // initial C[0] up P[ 0 ].cc = i+ 2 ; m++; } } else { if (m == 2 ) { if (P[ 0 ].C < hi) { P[ 0 ].A = hi; // this A[0] up P[ 0 ] .aa = i+ 2 ; m = 0 ; stop = true ; } } if (m == 1 ) { if (P[ 0 ].C < hi) { P[ 0 ].C = hi ; //Modify C[ 0 ] before B[0] exists P[ 0 ].cc=i+ 2 ; } } } //--- } //Other if (voila! = 0.0 ) // ------------ dn ------------ { if (P[ 0 ].C!= 0.0 ) { if (m == 2 ) { if ( P[ 0 ] .B>lo&&P [ 0 ] .C>P[ 0 ].B) { P[ 0 ].B=lo; //Modify B[0] before A[0] exists P[ 0 ].bb=i+ 2 ; } } if (m == 1 ) { if (P[ 0 ].C> lo ) { P[ 0 ].B=lo; //This B[0] goes up P[ 0 ].bb=i+ 2 ; m ++ ; } else { m—— ; {if ( P [ 1 ].C>lo) {P[ 1 ].A=lo; //This A[1] dn P[ 1 ].aa=i+ 2 ; n= 0 ; stop= true ; } } if (n== 1 ) { if (P[ 1 ].C>lo) { P[ 1 ].C=lo; //Modify C[1] before B[1] exists P[ 1 ].cc=i+ 2 ; } } } //--- } //Others // //--- //--- //--- if ((P[ 0 ].C== 0.0 &&P[ 1 ].C== 0.0 )||(Hi== 0.0 &&lo== 0.0 )) { continue ; } } // Ring

If 3 points in the UP or DOWN direction are found, the cycle is interrupted.

I have to come up with 3 points early.

 if (P[ 0 ].A!= 0.0 &&P[ 0 ].B!= 0.0 &&P[ 0 ].C!= 0.0 )
    {
      Draw extension (tool, "FE->" , time [P[ 0 ].aa], P[ 0 ].A, time [P[ 0 ].bb], P[ 0 ].B, time [P[ 0 ].cc], P[ 0 ].C,- 1 );
    } //--- if (P[ 1 ].A!= 0.0 &&P[ 1 ].B!= 0.0 &&P[ 1 ].C!= 0.0 )
    {
      Draw extension (tool, "FE->" , time [P[ 1 ].aa], P[ 1 ].A, time [P[ 1 ].bb], P[ 1 ].B, time [P[ 1 ].cc], P[ 1 ].C, 1 );
    }

Finally draw using OBJ_EXPANSION object..and I use single function DrawExpansion(...).

blank draw expand( string name, string label, datetime t1, double p1, datetime t2, double p2, datetime t3, double p3, integer flor = 0 )
  { //--- Object delete (name);
Color wrn=(fl> 0 )? clrsky blue:(fl< 0 )? Tomato : innocent ;
if ( object lookup ( 0 , name)! = 0 )
Object creation (name, OBJ_EXPANSION , 0 ,t1,p1,t2,p2,t3,p3);
  ObjectSet(name, OBJPROP_FIBOLEVELS, 5 );
  ObjectSet(name, OBJPROP_FIRSTLEVEL+ 0 , 0.618 );
  ObjectSet(name, OBJPROP_FIRSTLEVEL+ 1 , 1.000 );
  ObjectSet(name, OBJPROP_FIRSTLEVEL+ 2 , 1.618 );
  ObjectSet(name, OBJPROP_FIRSTLEVEL+ 3 , 2.618 );
  Object set (name, OBJPROP_FIRSTLEVEL+ 4 , 4.236 ); //--- Object set (name, OBJPROP_LEVLCOLOR , purple in clr );
  ObjectSet(name, OBJPROP_LEVELWIDTH , 1 );
  ObjectSet(name, OBJPROP_LEVLSTYLE , 0 );
  ObjectSet(name, OBJPROP_COLOR , warning); //--- ObjectSetFiboDescription(name, 0 , label + " " +DoubleToStr( 0.618 * 100 , 1 ) + " " );
  ObjectSetFiboDescription(name, 1 , label + " " +DoubleToStr( 1.000 * 100 , 1 ) + " " );
  ObjectSetFiboDescription(name, 2 , label + " " +DoubleToStr( 1.618 * 100 , 1 )+ " " );
  ObjectSetFiboDescription(name, 3 , label + " " +DoubleToStr( 2.618 * 100 , 1 ) + " " );
  ObjectSetFiboDescription(name, 4 , label + " " +DoubleToStr( 4.236 * 100 , 1 ) + " " ); //--- } 

Attachment download

📎 fe.mq4 (7.93 KB)

Source: MQL5 #31891

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