fibo Colored Levels Indicator
Overview :
The Fibo Colored Levels Indicator is a custom MetaTrader 4 indicator developed by OLX Forex. It combines ZigZag analysis with Fibonacci retracement levels to identify key price levels and visually represent them on the chart. Traders can use these colored levels for technical analysis and decision-making.
Indicator Inputs
ZigZag Settings
Depth: Parameter controlling the depth of the ZigZag analysis.
Deviation: Parameter controlling the deviation for ZigZag swings.
Backstep: Parameter controlling the backstep for ZigZag swings.
Fibonacci Retracement Levels
Levels: User-defined Fibonacci retracement levels, e.g., "0.0, 23.6, 38.2, 50, 61.8, 76.4, 100."
Color Customization
Colors for each Fibonacci retracement level for easy identification.
Information Panel
Show Panel: Option to display an information panel on the chart.
Information Panel (Optional):
If enabled, refer to the information panel for real-time account details, including balance, equity, profit, free margin, and open trade percentage.
