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Forums>EA Wizard>Feature Requests>Fibonacci and Pivots

• #110913 |
Participant
1 Posts

I would like to see daily Pivot points and Fibonacci levels. Daily Pivots should be really easy to calculate
Thanks!!!

#120994
Customer
383 Posts

I agree. Daily, weekly, monthly pivots. One strategy I was working on uses pip value off the pivot level as a SL and TP levels. Also, I like using a trailing stop of 68% Fibs, so would be nice to have that as a variable.

#121005
3156 Posts

do you have any indicator or formula that computes pivots?
I know several formulas for pivots, and I’m not sure if pivots are really usable in forex.
They work better with futures trading where you have defined exact trading time.

Also, I like using a trailing stop of 68% Fibs, so would be nice to have that as a variable.

ok, I’ll consider that. What range would you set for the Fibonacci?

Mark
StrategyQuant architect

#121015
Customer
383 Posts

Mark,
You are correct. There are many strategies. Maybe with time, you can add the options for people to chose which one they want to use. But in the meantime, I am learning a strategy now that uses the attached pivots. They are having good success with them and it is based upon placement compared to these pivots. So maybe they can be a good start.

Also, I have these two auto fib drawing indi’s that could get a start on the calculations. One lesson I learned about drawing fibs: you find the last supply or demand point (price that is higher than the candle before and after it), then you go back in time and find when another demand/supply point is at that level or higher/lower. Then find the lowest point in between those two points. Then draw fibs based upon those high/low points.

Second, be able to use fib levels and fib extensions as SL and TP’s.

Lastly, it would be good to be able to enter the fib levels as I know some people use .8200 instead of .786.

Anyway, hope this helps.

-Stearno

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#121889
Participant
16 Posts

I use fibs for almost all TP targets… The fib extension tool is almost worn out on my MT4 platform  :D

Would love to see it implemented

#121977
Customer
8 Posts

Let the user set the fib levels or the default levels show up at ignition

#124196
Customer
6 Posts

Sorry for bumping an old thread, but now that SQ got the pivot points implemented, can we hope to see them in EAW too?

#124218
3156 Posts

Hello,

I’ll look at it, but unlike in SQ, in EA Wizard you can “import” any custom indicator to EA Wizard and work with it just like it is build-in.

So there’s no need to add support for this to EA Wizard, simply use Manage Custom Indicators in EA Wizard to import and recognize the Pivots and then you’ll be able to use it in EAW.

In case you don’t have it I’m attaching the Pivots indicator that is used in SQ here.

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Mark
StrategyQuant architect

#139227
Participant
11 Posts

Hello,

I’ll look at it, but unlike in SQ, in EA Wizard you can “import” any custom indicator to EA Wizard and work with it just like it is build-in.

So there’s no need to add support for this to EA Wizard, simply use Manage Custom Indicators in EA Wizard to import and recognize the Pivots and then you’ll be able to use it in EAW.

In case you don’t have it I’m attaching the Pivots indicator that is used in SQ here.

Official site https://strategyquant.com/features says:

Supported Indicators and Building Blocks *

Indicators

• Simple Moving Average
• Exponential Moving Average
• Triple Exponential Moving Average
• Weighted Moving Average
• Commodity Channel Index (CCI)
• Relative Strength Index (RSI)
• Momentum
• Stochastic
• Bollinger Bands
• Keltner Channel
• * Custom Indicators
• Williams % Range
• MACD
• Parabolic SAR
• Linear Regression
• Qualitative Quantitative Estimation (QQE)
• Average Directional Movement Index (ADX)
• Average True Range (ATR)
• True Range
• Price Difference
• Highest, Lowest
• Ichimoku

But where can I obtain them if I don’t have EA Wizard?

#139245
Moderator
2349 Posts

Official site https://strategyquant.com/features says:

Supported Indicators and Building Blocks *

Indicators

• Simple Moving Average
• Exponential Moving Average
• Triple Exponential Moving Average
• Weighted Moving Average
• Commodity Channel Index (CCI)
• Relative Strength Index (RSI)
• Momentum
• Stochastic
• Bollinger Bands
• Keltner Channel
• * Custom Indicators
• Williams % Range
• MACD
• Parabolic SAR
• Linear Regression
• Qualitative Quantitative Estimation (QQE)
• Average Directional Movement Index (ADX)
• Average True Range (ATR)
• True Range
• Price Difference
• Highest, Lowest
• Ichimoku

But where can I obtain them if I don’t have EA Wizard?

Hello,

#139252
Participant
11 Posts

Hello,

Please note that you need a VALID LICENSE and internet connection in order to run the program. Program without license will not work.

I don’t have one, and don’t need to – I just need those indicators.

#139256
Moderator
2349 Posts

All these indicators (or at least most of them) should be freely available on the internet. You can install Wizard and look into the installation directory without need to open Wizard

#139257
Participant
11 Posts

All these indicators (or at least most of them) should be freely available on the internet. You can install Wizard and look into the installation directory without need to open Wizard

In the installation dir I found only TEMA indicator.

The rest of them are wastly available on the internet, but in an infinite number of variations – like Keltner Channels, for example, or BB with Ratio. I just don’t know which one to use.

#139270
Participant
118 Posts

In the installation dir I found only TEMA indicator.

The rest of them are wastly available on the internet, but in an infinite number of variations – like Keltner Channels, for example, or BB with Ratio. I just don’t know which one to use.

Perhaps you can use search engine to locate the ones you require and download the best ones for your purpose, we each have our own preferences.

#139274
Moderator
2349 Posts

These indicators are also located in StrategyQuant\custom_indicators\mt4\indicators folder

Keltner is not the same as BB. They are calculated differently.

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