you cannot directly import the indicator. You would have to add a buffer into it to provide some usable output. Another option would be to read the object value (price in this case) by a custom function if you know in advance the name of the object drawn. There is already an example on reading object price you can check here https://strategyquant.com/forum/topic/7352-horizontal-lines-for-range-breakout-trading/
Let me know if you need any help
Yes need some help , I want to use my fibo indicator in strategy quant 4 , since the indicator produce object values with unique names how can I custom code this so strategy quant can use this indicator, also I do not understand why I would need to use EA Wizard or how to use it in new SQ4 program since there are no docs on this yet. Can you help me further with this conversion? Thanks
Am I able to use this indicator to make an ea that opens trades at fibo levels? I imported it to custom indicators and made a very simple ea with it but it doesn’t seem to be working? Also I think I am using an old version of EA Wizard. Would I be better off installing the latest SQ4 which I believe has been recently released?
Thank you, Brett
it should work as shown in the attached file. You can try and let me know if any issues
Thanks Tomas, with the sqw you sent does it open a trade at the moment it crosses the fib level or only on a close at bar opening?
Also, what is the actual fib level in your example? If I want to be able to change the desired fib level do I need to set up a variable value and would that be in parameters eg Parameter ‘Fib Level” 0.5?
Yes, you need to use Close crosses and “Every tick” testing in MT4 to backtest correctly
Hello, how can i set fibo levels without custom indicator with Entry, TP and SL?
For example: Low is Lowest Low of 20 barsback and High is Highest High of 10 Barsback.
So i like to go long fibo level 38,2 percent from High to Low. If close cross above fibolevel 38,2 percent, go long.
TP is fibo105 percent
SL is fibo 80 percent
Thank you, Uwe
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