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Jimmy Page

MT4 Arrow Indicator

By Jimmy Page, in Coding Forum

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Jimmy Page    10

Jimmy Page
Posted

Hi, I would like developing an arrow indicator based on confluence zones, but I don't really know if it's possible. I would like using Fibonacci level, Murrey maths lines, pivots, highs, lows, support and resistance and round numbers.

 

My main problem is that the levels never fit in the same price, so obviously I don't know how to put all those levels into an arrow indicator. The arrow should appear when at least two of those levels meet into a zone.

 

Other problem is putting all best setting into those indicator, my main problem is fibo level, I've tried few autofibo, but when I draw manually it doesn't fit with the autofibo. I've tried to change the numbers of bars taken, but I don't know which setting is the best for that.

 

I use to trade 5m trades in 5m graphics in binary options (I don't trade Forex... yet). Any suggestion?

 

Thanks.

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