Waves-Fibo Button

Name: Waves-Fibo Button

Type: Indicator

Platform: MT4

Description:

The Waves-Fibo Button indicator combines the ZigZag pattern with Fibonacci retracement and extension levels to help traders identify potential reversal points and key support/resistance zones. This indicator provides a comprehensive set of features, including interactive Fibonacci level buttons, trend analysis, and visual aids. It is ideal for traders who wish to analyze price movements based on the ZigZag pattern while incorporating Fibonacci levels for additional market insights.

1. Input Parameters

ExtDepth (int): Defines the lookback period for finding the highest highs and lowest lows in the ZigZag pattern. A larger value looks further back in time for peaks and troughs.
ExtDeviation (double): Specifies the tolerance (in pips) for determining significant highs and lows. Adjust based on the timeframe being used.
ExtBackstep (int): Number of bars to look back for recalculating the ZigZag, affecting the frequency of updates to the ZigZag pattern.
ShowPanel (bool): Toggles the display of the panel on the chart showing additional information.
ShowZigZag (bool): Controls whether the ZigZag pattern is shown on the chart.
ShowFibo (bool): Enables or disables the display of Fibonacci retracement and extension levels.
ShowFiboLevel1 to ShowFiboLevel10 (bool): Controls the display of specific Fibonacci levels
FiboLevel1 to FiboLevel10 (double): Defines the values for each Fibonacci level 
FibColor1 to FibColor3 (color): Sets the color for the different Fibonacci levels.
Show_ABCD (bool): Displays the ABCD pattern that may assist in identifying harmonic price movements.
ABCD_Color (color): Defines the color for the ABCD pattern lines.
ButtonPos (int): Adjusts the position of Fibonacci level buttons on the chart.
AlertMode (int): Enables or disables alerts based on ZigZag movement (0 = no alerts, 1 = alerts for ZigZag direction changes).
code (string): A custom string for further use in API requests or other custom functionalities (optional).

2. Panel Information
The indicator displays two information panels on the chart. The first panel shows rent indicator details, such as days and date of subscription. The second panel provides details such as:

Account balance
Equity
Profit
Free margin
Margin level
Open trade percentage
Total open lot size