CandlesAutoFibo_Grand - MetaTrader 5 Script - MT4/MT5 Resources

The indicator candle AutoFibo has a wider range of settings to display Fibonacci levels. For input parameters, variables have been added to change the line style and width of the levels. It is now possible to change the width of Fibonacci levels by changing just one parameter, and move the geometry of all levels simultaneously proportionally:

 Enter double Fibonacci ratio = 1.000 ; //multiplier of all Fibonacci levels

For example, if the ratio is set to 2, the zero level remains in its position, Fibonacci widths below one hundred percent will be doubled, and other levels below the zero level will similarly be removed on a doubled basis.

Now we can also move the Fibonacci vertically, with steps proportional to the Fibonacci width:

 Enter double Fibonacci level transition = 0.000 ; //all Fibonacci levels move vertically from zero horizontally

For example, if the value of this parameter is 0.5, the Fibonacci levels will move half their width towards the zero level.

Figure 1. CandlesAutoFibo_Grand indicator with default settings.

Figure 2. Indicator CandlesAutoFibo_Grand, doubled in width and moved vertically by half of its width

Attachment download

📎 candlesautofibo_grand.mq5 (44.14 KB)

Source: MQL5 #23590