FiboRetracement3_v1

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Author: Copyright � 2005, MetaQuotes Software Corp.
FiboRetracement3_v1

This script is designed for the MetaTrader platform to automatically identify key price levels and project Fibonacci retracement zones on a trading chart. Instead of requiring a trader to manually draw these lines, the logic scans historical price data to find significant "peaks" (highs) and "valleys" (lows) based on your specific preferences.

Core Logic Overview

1. Peak and Valley Identification (Fractals) The tool starts by analyzing the price movement to find "fractals." It looks at a specific number of bars to the left and right of a candle to determine if a point is a significant local high or low.

  • If a candle’s high is higher than all surrounding candles within your defined range, it is flagged as an Upper Level.
  • If a candle’s low is lower than all surrounding candles within that same range, it is flagged as a Lower Level.

2. Dynamic Support and Resistance Tracking Rather than just marking a single point in time, the script maintains "stages" for these levels.

  • It tracks the current active Upper and Lower boundaries.
  • If the price breaks above a previous high or below a previous low, the script adjusts these buffers to reflect the new price action.
  • A "Filter" setting allows you to add a buffer of sensitivity; this prevents the levels from jumping erratically due to minor price fluctuations, ensuring the lines only update when the price movement is substantial enough to meet your criteria.

3. Automatic Fibonacci Projection Once the script identifies the most recent significant high and low points, it calculates the geometry of the price move:

  • Primary Fibo: It automatically draws a primary Fibonacci retracement from the most recent major structural point.
  • Secondary Fibo: The logic identifies the subsequent "swing" in the market to draw a second, secondary Fibonacci tool.
  • This provides a visual representation of where the price might "retest" or "bounce" based on standard mathematical proportions (like the 50% or 61.8% levels).

4. Calculation of Intermediate Zones While identifying these boundaries, the script also calculates five intermediate price points between the Upper and Lower levels. These represent standard mathematical divisions (e.g., 1/3, 1/2, 2/3, etc.). These help define the "trading range" or "channel" in which the current price is moving.

Summary of Behavior

For a user, this means the chart will automatically display updated Fibonacci levels as the market moves. The script continuously re-evaluates the "highest high" and "lowest low" of recent trends and redraws the visual objects (the dotted lines) to match the most current market structure. It effectively automates the "drawing" phase of technical analysis, allowing you to see potential support and resistance zones in real-time based on historical price geometry.

Miscellaneous
Implements a curve of type %1
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FiboRetracement3_v1 
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                              FiboRetracement.mq4 |
//|                      Copyright © 2005, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"


#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 Black
#property indicator_color2 Black
#property indicator_color3 Black
#property indicator_color4 Black
#property indicator_color5 Black
#property indicator_color6 Black
#property indicator_color7 Black
#property indicator_color8 Black
//---- input parameters
extern int nLeft=50;
extern int nRight=50;
extern int filter=10;
//---- buffers
double UpBuffer[];
double DnBuffer[];
double f_2[];
double f_3[];
double f_4[];
double f_5[];
double f_6[];

//----
int draw_begin1=0, draw_begin2=0, d_b3=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   double nfUp;
//---- indicators
   IndicatorBuffers(8);
   SetIndexStyle(0,DRAW_LINE,0,3);
   SetIndexStyle(1,DRAW_LINE,0,3);
   SetIndexStyle(2,DRAW_LINE,2);
   SetIndexStyle(3,DRAW_LINE,2);
   SetIndexStyle(4,DRAW_LINE,2);
   SetIndexStyle(5,DRAW_LINE,2);
   SetIndexStyle(6,DRAW_LINE,2);
   SetIndexBuffer(0,UpBuffer);
   SetIndexBuffer(1,DnBuffer);
   SetIndexBuffer(2,f_2);
   SetIndexBuffer(3,f_3);
   SetIndexBuffer(4,f_4);
   SetIndexBuffer(5,f_5);
   SetIndexBuffer(6,f_6);

//---- name for DataWindow and indicator subwindow label
   string short_name; //îáÿâëåíèå ïåðåìåííîé short_name òèïà "ñòðîêîâûé"
   //ïåðåìåííîé short_name ïðèñâàèâàåì ñòðîêîâîå çíà÷åíèå ðàâíîå âûðàæåíèþ
   short_name="rvmFractalsLevel("+nLeft+","+nRight+","+filter+")"; 
   IndicatorShortName(short_name); //äëÿ îòîáðàæåíèÿ íà ãðàôèêå ïðèñâîèì èíäèêàòîðó êðàòêîå
                                   //íàèìåíîâàíèå
   //äëÿ îòîáðàæåíèÿ íà ãðàôèêå ïðèñâîèì ìåòêå îòîáðàæàþùåé çíà÷åíèÿ 0 áóôåðà èìÿ Up Channel
   SetIndexLabel(0,"Up Level ("+nLeft+","+nRight+","+filter+")");
   //äëÿ îòîáðàæåíèÿ íà ãðàôèêå ïðèñâîèì ìåòêå îòîáðàæàþùåé çíà÷åíèÿ 1 áóôåðà èìÿ Down Channel
   SetIndexLabel(1,"Down Level ("+nLeft+","+nRight+","+filter+")");
   SetIndexLabel(2,"f_2 ("+nLeft+","+nRight+","+filter+")");
   SetIndexLabel(3,"f_3 ("+nLeft+","+nRight+","+filter+")");
   SetIndexLabel(4,"f_4 ("+nLeft+","+nRight+","+filter+")");
   SetIndexLabel(5,"f_5 ("+nLeft+","+nRight+","+filter+")");
   SetIndexLabel(6,"f_6 ("+nLeft+","+nRight+","+filter+")");

//---- Çäåñü îïðåäåëèì íà÷àëüíûå òî÷êè äëÿ ïðîðèñîâêè èíäèêàòîðà
   int n,k,i,Range=nLeft+nRight+1;
   //ïåðåáåðåì ñâå÷êè îò (âñåãî ñâå÷åê ìèíóñ ìèíèìóì ñâå÷åê ñëåâà) äî (ìèíèìóì ñâå÷åê ñïðàâà)
   for(n=Bars-1-nLeft;n>=nRight;n--)
   {
      //âåðõíèå ôðàêòàëû
      //åñëè íà÷àëî îòðèñîâêè âåðõíåãî óðîâíÿ íå îïðåäåëåíî
      if(draw_begin1==0)
      {
      //òåêóùàÿ ñâå÷à ìàêñèìóì íà ëîêàëüíîì ïðîìåæóòêå?
      if(High[n]>=High[Highest(NULL,0,MODE_HIGH,Range,n-nRight)])
      {
         int fRange=nvnLeft(n,nLeft)+nvnRight(n,nRight)+1;
         //åñëè îíà æå - ôðàêòàë
         if(High[n]>=High[Highest(NULL,0,MODE_HIGH,fRange,n-nvnRight(n,nRight))])
         {
            draw_begin1=Bars-n;//íà÷àëî îòðèñîâêè âåðõíåãî óðîâíÿ îïðåäåëåíî
            for(i=Bars-1;i>draw_begin1;i--)
            {
               UpBuffer[i]=High[Bars-draw_begin1];
            }
         }
      }//êîíåö äåéñòâèé åñëè if(High[n]>=High[Highest(NULL,0,MODE_HIGH,Range,n-nRight)]=èñòèíà
      }//êîíåö óñëîâèÿ if(draw_begin1==0)
      
      //íèæíèå ôðàêòàëû
      //åñëè íà÷àëî îòðèñîâêè íèæíåãî óðîâíÿ íå îïðåäåëåíî
      if(draw_begin2==0)
      {
      //òåêóùàÿ ñâå÷à ìèíèìóì íà ëîêàëüíîì ïðîìåæóòêå?
      if(Low[n]<=Low[Lowest(NULL,0,MODE_LOW,Range,n-nRight)])
      {
         fRange=nvnLeft(n,nLeft)+nvnRight(n,nRight)+1;
         //åñëè îíà æå - ôðàêòàë
         if(Low[n]<=Low[Lowest(NULL,0,MODE_HIGH,fRange,n-nvnRight(n,nRight))]) 
         {
            draw_begin2=Bars-n;//íà÷àëî îòðèñîâêè íèæíåãî óðîâíÿ îïðåäåëåíî
            for(i=Bars-1;i>draw_begin2;i--)
            {
               DnBuffer[i]=Low[Bars-draw_begin2];
            }
         }
      }//êîíåö óñëîâèÿ if(Low[n]<=Low[Lowest(NULL,0,MODE_LOW,Range,n-nRight)])=true
      }//êîíåö óñëîâèÿ if(draw_begin2==0)
      
      //åñëè îáà íà÷àëà îòðèñîâêè óðîâíåé îïðåäåëåíû, âûõîäèì èç öèêëà for(n=Bars-1-nLeft;n>=nRight;n--)
      if(draw_begin1>0&&draw_begin2>0) break;
   }//êîíåö öèêëà for(n=Bars-1-nLeft;n>=nRight;n--)
//----
   if(draw_begin1>draw_begin2)
   {
      d_b3=draw_begin1;
   }
   else
   {
      d_b3=draw_begin2;
   }
   SetIndexDrawBegin(0,draw_begin1); //óñòàíîâêà íà÷àëüíîé òî÷êè ïðîðèñîâêè äëÿ 0 áóôåðà
   SetIndexDrawBegin(1,draw_begin2); //óñòàíîâêà íà÷àëüíîé òî÷êè ïðîðèñîâêè äëÿ 1 áóôåðà
   SetIndexDrawBegin(2,d_b3);
   SetIndexDrawBegin(3,d_b3);
   SetIndexDrawBegin(4,d_b3);
   SetIndexDrawBegin(5,d_b3);
   SetIndexDrawBegin(6,d_b3);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   double UpStage=0.0,DnStage=0.0;
   int i,j,fRange,Range=nLeft+nRight+1;
   int counted_bars=IndicatorCounted();
//---- 
   //ïåðåáèðàåì ñâå÷êè îò (Bars-counted_bars-nLeft) äî (nRight) âêëþ÷èòåëüíî
   for(i=Bars-1-counted_bars-nLeft;i>=nRight;i--)
   {
      //åñëè ñâå÷à ëîêàëüíûé ìàêñèìóì
      if(High[i]>=High[Highest(NULL,0,MODE_HIGH,Range,i-nRight)])
      {
         //Print(TimeToStr(Time[i]), "******Ëîêàëüíûé ìàêñèìóì");
         fRange=nvnLeft(i,nLeft)+nvnRight(i,nRight)+1;
         //åñëè îíà æå - ôðàêòàë
         if(High[i]>=High[Highest(NULL,0,MODE_HIGH,fRange,i-nvnRight(i,nRight))])
         {
            UpStage=High[i];
            //Print("    îíà æå ôðàêòàë");
         }
         else
         {
            if(High[i]<=UpBuffer[i+1])
            {
               UpStage=UpBuffer[i+1];
               //Print("    íå ôðàêòàë, íî íèæå ïðåäûäóùåãî óðîâíÿ");
            }
            else
            {
               UpStage=nfUp(i);
               //Print("    íå ôðàêòàë, âûøå ïðåäûäóùåãî óðîâíÿ");
            }
         }
      }
      else
      {
         //Print(TimeToStr(Time[i]), "******íå ëîêàëüíûé ìàêñèìóì");
         if(High[i]<=UpBuffer[i+1])
         {
            UpStage=UpBuffer[i+1];
            //Print("    íèæå ïðåäûäóùåãî óðîâíÿ");
         }
         else
         {
            UpStage=nfUp(i);
            //Print("    âûøå ïðåäûäóùåãî óðîâíÿ");
         }
      }
      
      //åñëè ñâå÷à ëîêàëüíûé ìèíèìóì
      if(Low[i]<=Low[Lowest(NULL,0,MODE_LOW,Range,i-nRight)])
      {
         fRange=nvnLeft(i,nLeft)+nvnRight(i,nRight)+1;
         //Print(TimeToStr(Time[i])," ",nvnLeft(i,nLeft)," ",nvnRight(i,nRight)+1);
         //åñëè îíà æå - ôðàêòàë
         if(Low[i]<=Low[Lowest(NULL,0,MODE_HIGH,fRange,i-nvnRight(i,nRight))]) 
         {
            DnStage=Low[i];
         }
         else
         {
            if(Low[i]>=DnBuffer[i+1])
            {
               DnStage=DnBuffer[i+1];
            }
            else
            {
               DnStage=nfDn(i);
            }
         }
      }
      else
      {
         if(Low[i]>=DnBuffer[i+1])
         {
            DnStage=DnBuffer[i+1];
         }
         else
         {
            DnStage=nfDn(i);
         }
      }
      UpBuffer[i]=UpStage;
      DnBuffer[i]=DnStage;
//---- ðàñ÷åò îñòàëüíûõ áóôåðîâ
      f_2[i]=NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/6,4);
      f_3[i]=NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/3,4);
      f_4[i]=NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/2,4);
      f_5[i]=NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])*2/3,4);
      f_6[i]=NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])*5/6,4);

   }//êîíåö öèêëà for(i=Bars-counted_bars-nLeft;i>=nRight;i--)
   for(i=nRight-1;i>=0;i--)
   {
      if(High[i]<=UpBuffer[i+1])
      {
         UpStage=UpBuffer[i+1];
      }
      else
      {
         UpStage=nfUp(i);
      }
      if(Low[i]>=DnBuffer[i+1])
      {
         DnStage=DnBuffer[i+1];
      }
      else
      {
         DnStage=nfDn(i);
      }
      UpBuffer[i]=UpStage;
      DnBuffer[i]=DnStage;
//---- ðàñ÷åò îñòàëüíûõ áóôåðîâ
      f_2[i] =NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/6,4);
      f_3[i] =NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/3,4);
      f_4[i] =NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])/2,4);
      f_5[i] =NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])*2/3,4);
      f_6[i] =NormalizeDouble(DnBuffer[i]+(UpBuffer[i]-DnBuffer[i])*5/6,4);

   }
//---- ïîñòðîåíèå âååðà Ôèáîíà÷÷è
   double LastUp, LastDn, st_h, st_l, st_3, y1, y2, y3;
   int tmp, x1=0, x2=0, x3=0, cb, dn_x, up_x;
   string fibo="Fibo 1", fibo2="Fibo 2";
   LastDn=DnBuffer[0];
   for(cb=1;cb<=Bars-1;cb++)
   {
      if(tmp!=1 && LastDn>DnBuffer[cb])
      {
         tmp=1;
         continue;
      }
      if(tmp==1 && DnBuffer[cb]>DnBuffer[cb-1])
      {
         tmp=0;
         dn_x=cb-1;
         break;
      }
   }
   LastUp=UpBuffer[0];
   for(cb=1;cb<=Bars-1;cb++)
   {
      if(tmp!=1 && LastUp<UpBuffer[cb])
      {
         tmp=1;
         continue;
      }
      if(tmp==1 && UpBuffer[cb]<UpBuffer[cb-1])
      {
         tmp=0;
         up_x=cb-1;
         break;
      }
   }
   st_h=High[Highest(NULL,0,MODE_HIGH,MathMax(dn_x,up_x),0)];
   st_l=Low[Lowest(NULL,0,MODE_LOW,MathMax(dn_x,up_x),0)];
   //y1=MathMin(Open[x1],Close[x1]);
   //y1=MathMax(Open[x1],Close[x1]);
   for(cb=MathMax(dn_x,up_x)-1;cb>=0;cb--)
   {
      if(High[cb]==st_h || Low[cb]==st_l)
      {
         if(High[cb]==st_h && (x1==0 || x2==0) )
         {
            if(x1==0)
            {
               x1=cb;
               y1=High[x1];
               continue;
            }
            else
            {
               x2=cb;
               y2=High[x2];
               break;
            }
         }
         else
         {
            if(x1==0)
            {
               x1=cb;
               y1=Low[x1];
               continue;
            }
            else
            {
               x2=cb;
               y2=Low[x2];
               break;
            }
         }
      }
   }
   //Print("x1="+x1+" y1="+y1+" x2="+x2+" y2="+y2);
   if( ObjectFind(fibo)!=-1 )
   {
      ObjectSet(fibo,OBJPROP_TIME1,Time[x1]);
      ObjectSet(fibo,OBJPROP_PRICE1,y1);
      ObjectSet(fibo,OBJPROP_TIME2,Time[x2]);
      ObjectSet(fibo,OBJPROP_PRICE2,y2);
   }
   else
   {
      ObjectCreate(fibo,OBJ_FIBO,0,Time[x1],y1,Time[x2],y2);
      ObjectSet(fibo,OBJPROP_COLOR,DodgerBlue);
      ObjectSet(fibo,OBJPROP_STYLE,STYLE_DOT);
   }
//----- à ýòî îòðèñîâêà âñïîìîãàòåëüíîãî âååðà ôèáîíà÷÷è
   if(y2>y1)
   {
      st_3=Low[Lowest(NULL,0,MODE_LOW,x2,0)];
   }
   else
   {
      st_3=High[Highest(NULL,0,MODE_HIGH,x2,0)];
   }

   for(cb=0;cb<x2;cb++)
   {
      if(y2>y1 && Low[cb]==st_3)
      {
         x3=cb;
         y3=Low[cb];
         break;
      }
      else
      {
         if(y2<y1 && High[cb]==st_3)
         {
            x3=cb;
            y3=High[cb];
            break;
         }
      }
   }
   if( ObjectFind(fibo2)!=-1 )
   {
      ObjectSet(fibo2,OBJPROP_TIME1,Time[x2]);
      ObjectSet(fibo2,OBJPROP_PRICE1,y2);
      ObjectSet(fibo2,OBJPROP_TIME2,Time[x3]);
      ObjectSet(fibo2,OBJPROP_PRICE2,y3);
   }
   else
   {
      ObjectCreate(fibo2,OBJ_FIBO,0,Time[x2],y2,Time[x3],y3);
      ObjectSet(fibo2,OBJPROP_COLOR,Yellow);
      ObjectSet(fibo2,OBJPROP_STYLE,STYLE_DOT);
   }

//----
   return(0);
}
//+------------------------------------------------------------------+

//****************************************************************************//
// Ôóíêöèÿ nfUp âîçâðàùàåò áëèæàéøåå ñëåâà ê ïåðåäàííîé ñâå÷å çíà÷åíèå áóôåðà //
// èíäèêàòîðà, áîëüøåå èëè ðàâíîå çíà÷åíèþ High(Close) äëÿ ïåðåäàííîé ñâå÷è   //
//****************************************************************************//
double nfUp(int i)
   {
   int l,flag=0;
   double Price=0.0;
//----------
   for(l=i+1;l<Bars-draw_begin1-1;l++)
   {
      if(filter>0)
      {
         if(Close[i]<=UpBuffer[l]+(UpBuffer[l]-DnBuffer[l])*filter/100)
         {
            Price=UpBuffer[l];
            flag=1;
            //Print(TimeToStr(Time[i])," ",l," ",Bars," ",Price," ",UpBuffer[l]);
         }
      }
      else
      {
         if(High[i]<=UpBuffer[l])
         {
            Price=UpBuffer[l];
            flag=1;
         }
      }
      if(Price>0) break;
   }
   if(flag==0) Price=High[i];
//----------
   return(Price);
   }
//+------------------------------------------------------------------+

//****************************************************************************//
// Ôóíêöèÿ nfDn âîçâðàùàåò áëèæàéøåå ñëåâà ê ïåðåäàííîé ñâå÷å çíà÷åíèå áóôåðà //
// èíäèêàòîðà, ìåíüøåå èëè ðàâíîå çíà÷åíèþ Low(Close) äëÿ ïåðåäàííîé ñâå÷è    //
//****************************************************************************//
double nfDn(int i)
   {
   int l,flag=0;
   double Price=0.0;
//----------
   for(l=i+1;l<Bars-draw_begin2-1;l++)
   {
      if(filter>0)
      {
         if(Close[i]>=DnBuffer[l]-(UpBuffer[l]-DnBuffer[l])*filter/100)
         {
            Price=DnBuffer[l];
            flag=1;
         }
      }
      else
      {
         if(Low[i]>=DnBuffer[l])
         {
            Price=DnBuffer[l];
            flag=1;
         }
      }
      if(Price>0) break;
   }
   if(flag==0) Price=Low[i];
//----------
   return(Price);
   }
//+------------------------------------------------------------------+

//*****************************************************************************************//
// Ôóíêöèÿ âîçâðàùàåò äëÿ ïåðåäàííîé åé ñâå÷è, ìèíèìàëüíîå êîëè÷åñòâî ñâå÷åé ñëåâà         //
// âêëþ÷àÿ "âíóòðåííèå", äëÿ òîãî, ÷òîáû ÷èñëî íå âíóòðåííèõ ñâå÷åé â ïîëó÷åííîì äèàïàçîíå //
// áûëî íå ìåíüøå, ÷åì óêàçàíî âî âòîðîì ïàðàìåòðå                                         //
//*****************************************************************************************//
int nvnLeft(int i,int n)
   {
   int k=0,l;
   for(l=i+1;l<=Bars-1;l++)
   {
      if(High[l]<High[l+1]&&Low[l]>Low[l+1]) continue;
      k++;
      if(k==n)
      {
         k=l-i;
         break;
      }
   }
//----------
   return(k);
   }
//+------------------------------------------------------------------+

//*****************************************************************************************//
// Ôóíêöèÿ âîçâðàùàåò äëÿ ïåðåäàííîé åé ñâå÷è, ìèíèìàëüíîå êîëè÷åñòâî ñâå÷åé ñïðàâà        //
// âêëþ÷àÿ "âíóòðåííèå", äëÿ òîãî, ÷òîáû ÷èñëî íå âíóòðåííèõ ñâå÷åé â ïîëó÷åííîì äèàïàçîíå //
// áûëî íå ìåíüøå, ÷åì óêàçàíî âî âòîðîì ïàðàìåòðå                                         //
//*****************************************************************************************//
int nvnRight(int i,int n)
   {
   int k=0,l;
   for(l=i-1;l>=0;l--)
   {
      if(High[l]<High[l+1]&&Low[l]>Low[l+1]) continue;
      k++;
      if(k==n)
      {
         k=i-l;
         break;
      }
   }
//----------
   return(k);
   }

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 
   string fibo="Fibo 1", fibo2="Fibo 2";
   ObjectDelete(fibo);
   ObjectDelete(fibo2);
//----
   return(0);
  }

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