Don
Forex Donchian Fibo is a Donchian-channel with Fibonacci retracement
levels, Adjustable period,Candle wicks can be ignored,
Color
settings, Shift possibility.
How
to use this tool:
This
indicator is based on a Donchian
Channel
with Fibonacci zones it suggests when to open either a long or a
short position, it provides suggestions for a stop loss level and
suggests a take profit level, the calculation of the take profit
suggestion can be altered in the inputs. The user should devise a
trading strategy on his own, several strategies are possible.Install
Don Forex Donchian Fibo (Donchian channel with Fibonacci retracement
indicator) instructions:
1.
Unzip the *.zip file
2.
Copy the indicator (*.ex4 file) into the {MT4 Data
Folder}\MQL4\Indicators folder
3.
Refresh the Navigator window (right click and Refresh) or restart
the MT4
4.
Open a chart and load the indicator
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