This is an updated version of MACFibo indicator published earlier. Original post like here.
Many traders have complained that previous indicator looks in future for trend determination. But in fact the indicator wont draw the trend unless the new bar has completed. Just for the sake of simplicity and better understanding, I have modified the indicator to look at previous 2
bar for trend determination.
bar for trend determination.
Changes done to this version:
1. Done bar adjustment. Now it looks at 2 previous bars for trend determination.
2. Alert added.
2. Alert added.
Updated indicator can be found on mql4 website here. Indicator Name: MACFibo v1.1.mq4
How you like it, say in comments.
Can we get a maximum number of bars drawn, don't need more than a months worth.
ReplyDeleteIn for loop, replace limit variable with the number of bars you want to be analyzed. Remember current bar is always 0.
Delete