AutoFiboLevels

The indicator is created for professional trading by Fibonacci levels. AutoFiboLevels plots Fibonacci retracement and extension levels on impulse and corrective wave. The indicator unambiguously interprets a market situation. Points of extremum for level plotting are calculated using fractal analysis. A trader can independently set retracement and extension levels and calculation time frame adjusting the indicator for various strategies.

Parameters:

• WorkTF - time frame for indicator calculation, if (= 0) - current time frame;
• fiboPercLevel_1...11 - Fibonacci retracement levels;
• upFiboLevelColor - Color of upward grid lines of Fibonacci retracement levels;
• dnFiboLevelColor - Color of downward grid lines of Fibonacci retracement levels;
• ShowFiboImpuls - if (= true) - display Fibonacci retracement levels on an impulse wave;
• ShowFiboCorrection - if (= true) - display Fibonacci retracement levels on a corrective wave;
• FiboShowCorrect - level of an impulse level retracement, Fibonacci retracement levels are displayed on a corrective wave when this level is reached and if ShowFiboCorrection = true;
• ShowExpImpuls - if (= true) - display impulse wave extension level;
• ShowExpCorrection - if (= true) - display corrective wave extension level;
• fiboPercExpansion_1...5 - Fibonacci extensions;
• upFiboExpansionColor - Color of upward grid lines of Fibonacci extensions;
• dnFiboExpansionColor - Color of downward grid lines of Fibonacci extensions.