ZigZag Fibonacci levels

ZigZag Fibonacci levels

This indicator plot Fibonacci levels based on the ZigZag indicator of the platform.

The zigzag tops and bottoms are calculated within the “percent” setting and on candlesticks Close (not highs/lows).

Levels colours can be modified with the R,G,B setting, by default levels are plotted in yellow.

The “DaysBefore” setting is important, because it prevents or not previous Fibonacci levels to be plot or not on the price chart. Expand its value to a large number will ensure the levels will be detected and plotted for the higher timeframes. In fact, it all depends of the zigzag percentage and the timeframe you are using.


Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Gianluca • 10/17/2018 #

    WOW! i was looking for something like this! Thank you!

  2. iloco17 • 10/17/2018 #

    Bonjour Nicolas
    Je dĂ©bute et j’ai installĂ© votre indicateur sur l’Ă©cran du prix mais je ne comprends pas comment il fonctionne car je n’ai aucun trait qui se dessine. J’ai installĂ© aussi l’indicateur zigzag. Pourriez vous m’indiquer comment le mettre en place?

    • Nicolas • 10/17/2018 #

      Le seul paramètre c’est le pourcentage du zigzag, Ă  modifier selon convenance et le timeframe employĂ©. Assurez vous d’avoir suffisamment d’unitĂ©s affichĂ©es sur l’Ă©cran.

  3. YEOMAN999 • 10/17/2018 #

    How can I see the ZigZag? Only Fibo is drawn. THX ./alex

    • Nicolas • 10/17/2018 #

      Add the ZigZag indicator on the chart, and with the same percent setting as this indicator.

  4. Kris75 • 10/17/2018 #

    Hello Nicolas,
    Il semble que la variable DaysBefore fasse planter la représentation graphique = quand je la supprime ça fonctionne parfaitement ;
    pour ma gouverne, quelle est l’idĂ©e derrière ?
    Bien Ă  toi,

    • Nicolas • 10/17/2018 #

      Peut-ĂŞtre Ă  cause du manque d’historique. Celle-ci est utile pour limiter la quantitĂ© de retracement Ă  afficher/trouver. C’est Ă©crit dans la description pourtant 🙂

  5. s00071609 • 269 days ago #

    Would it be possible to use 2 or 3 points to do the calculations done in this case using zigzag indicator. For example, use an object and plot 3 points then use these coordinates to get fib levels rather than using automatic zigzag? So, instead of top and bottom of zigzag, we would use two points indicated by an object eg, a simple line or in new version elliot ABC plots? Are these kinds of indicator generation supported?

    • Nicolas • 269 days ago #

      Sure, I suggest you open a new topic in the forum to discuss about your ideas.

Register or


avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+4 more likes

Related users ' posts
max-trading Bonjour, C'est bizarre, quand j'installe cet indicateur mon graphique des prix se resserr...
Nicolas Dans les paramètres du prix, il faut choisir la mise à l'échelle basée sur le prix uniquement.
Nick FX Junkie Good evening all, Is there any way this indicator can be transferred into a strategy code?
Bhanu Pratap Great Work Sir, Hats Off.
JayD Dans "modifier" Il faut ajouter les variables en cliquant sur la clé dans le bar en haut. Vo...
Kris75 Merci Jeanguy, suis très preneur de vos stratégies profitables avec cet indicateur !!
Screw27 Salut je vient d’installer ton indicateur mais il fonctionne pas ça m’indique un message d’e...
bertrandpinoy hello juanj, can you send the code repair by your good care to try scalping please?
rama what is the buy condition or sell condition for this can you suggest a code k1=1 buy and k1...
rama I would like to know at point 1 an alert or binary indicator so that I can place order
Bard Very interesting approach Vonasi! I'm getting a 404 error when trying to download though?
Vonasi I just tested and I was able to download with no error.
Psari Hi Vonasi, I am a newbie and was wondering whether you could possibly help me with this pro...
Dari when I put the indicator does not put it on the price, sn in a new box like many indicators....
Nicolas by adding it on price instead. Use the wrench on the left upper side of your price chart.
Vonasi It is a long time since I coded this. You may have found a coding error. At a glance I think...
Vonasi Yes that was the issue. I have posted an updated ITF file here: https://www.prorealcode.com/...
crolakstrading @vonasi Thank you for fixing the issue! This is a great indicator.
Vonasi It is possible but I will need to reread the code and remind myself how it works as I coded ...
Giogio hello dear Vonasi, thank you for your indicator, can I ask you for some help in order to let...
Pottar24 HI Vonasi I would like to know how can this algorithm give me the value of the last max e mi...
Pottar24 VONAZI super indicator thank you. Can you provide me a code that gives me the two latest max...
tobytarczy hi, Is there a simple way to draw downwards and upwards trend lines on a specific timeframe...
Vonasi Images are not possible in library posts. It is best to start a topic in the forums.
thierrybl [URL=https://www.casimages.com/i/200515043914185668.jpg.html][IMG]https://nsa40.casimages.co...
Vonasi That should be possible - I'll add it to my list to work on!
thierrybl Thanks a lot
Nicolas That's not possible because the code uses ZigZag instruction from the platform which is not ...
MrMUCKIE Thanks Nicolas. Do you have any idea of how I could generate support/resistance figures for ...
Nicolas Try fractals, swing high/low points, donchian channel, ..
Nicolas Add indicator on price doesnt require any specific type of subcription. Click on the wrench ...
tahiti bonjour j'ai une petite question comment peux on enlevé la bar blanche sur la bougie en cour...
sixeight Hi Kris, is there a way to increase the number of rows? I get a loop error
Kris75 Hi, This is great !! anyone ever developped a strategy about it ???
swapping hello Kris75, not that I know but it is possible to make a scenario ;)
digitation Hi swapping, Thanks for sharing this useful tool. I was wondering how difficult it would be...
Vonasi There is another version of this indicator that can plot the same lines but onto an indicato...
Martin35 Hello Vonasi, do you think it is possible with PRT to code with the same principle as on thi...
abhay I am getting a shading between the lines, how can I avoid that. I just want to see lines as ...
Vonasi Delete the 'Color Zone' in the indicator settings window.
1 year ago
swapping https://www.prorealcode.com/topic/prc_quickfibtl/ Please Hans63 and robdav follow to uppe...
Hans63 Thank you swapping
FREDNC @Nicolas merci pour se remarquable indicateur, reste à voir comment on va pourvoir l'intégre...
swapping fib1236 = (hiday-lowday)*1.236+lowday DrawSegment(startbar,fib1236,barindex,fib1236) colou...
swapping Oups ! Nicolas il y a un problème avec l'insertion de code en utilisant le bouton [Add PRT ...
swapping fib1236 = (hiday-lowday)*1.236+lowday DrawSegment(startbar,fib1236,barindex,fib1236) colour...