I'm looking to start a thread base on Fibonacci Expansion for entering the trade at the start of a trend base on the ABC fractal/zigzag swing pattern .
Using a starting point LL (lower low) zigzag/fractal swing low = A
B point = Higher High
C = Higher Low
Once a engulfing candle pattern form at zigzag/fractal swing point C Fibonacci expansion Auto plot on chart.
I need additional Confirmation.
Here is a system but no mql5 or mql4 available.
Could someone study the red fibex indicator and see the strategy and If they could develop a mql5 version ?
The blue mode 100% non repaint what kind of indicator is it ?
Using a starting point LL (lower low) zigzag/fractal swing low = A
B point = Higher High
C = Higher Low
Once a engulfing candle pattern form at zigzag/fractal swing point C Fibonacci expansion Auto plot on chart.
I need additional Confirmation.
Here is a system but no mql5 or mql4 available.
Could someone study the red fibex indicator and see the strategy and If they could develop a mql5 version ?
The blue mode 100% non repaint what kind of indicator is it ?