Thread: SpudFibo

Here is the SpudFibo, this is the best automated fibonacci indicator.

I have added arrows signal, a sound alert, a pop-up alert and an email alert.

The crossing is determined by a bar with an opening over/under a level and a closing over/under this level. It seems to be the best way to define the crossing.

I have tried to get the alerts as soon as the price is over/under the levels, but it doesn't work (false signals).

Another version that should be better for the crossing.

If the previous bar has opened under the level and the current bar has opened over the fibo level, then we have a buy alert.

If the previous bar has opened over the level and the current bar has opened under the fibo level, then we have a sell alert.

Good job !

Indeed, you were right.

Here is another version, which will allow you to modify the period of calculation of the fibonacci (M1, M5, M15, M30, H1, H4, D1, W1, M1). This one is a special version used in the SpudFibo EA, it presents only x.0 and x.5 levels.