What is DF-Donchian Fibo MTF?
DF-Donchian Fibo MTF builds a range from Donchian highs and lows and places Fibonacci ratios between the extremes. Seven lines create reference levels for pullbacks, reactions, and breaks inside the selected range.
The display can use another timeframe and includes a button for turning the plotted layer on or off. The upper and lower boundaries provide context for both trend and range review.
How to use DF-Donchian Fibo MTF
Add DF-Donchian Fibo MTF to an MT4 chart and compare the seven Fibonacci lines with the current Donchian high-low range.
Set TimeFrame, Donchian Period, Donchian Price, the Fibonacci coefficients, line colors, and button settings to control the analysis window and presentation.
Where it helps
Uses recent high and low boundaries as the frame for the plotted levels.
Places several ratios inside the range for pullback and reaction review.
The chart button can hide or show the layer while keeping its settings.
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| TimeFrame | Sets this calculation or display option. Default: PERIOD_CURRENT. |
| Copyright | Controls this indicator option. Default: "http://donforex.com". |
| DFPeriod | Sets this calculation or display option. Default: 55. |
| DFPrice | Sets this calculation or display option. Default: STO_LOWHIGH. |
| Coef236 | Sets this calculation or display option. Default: 0.236. |
| Coef382 | Sets this calculation or display option. Default: 0.382. |
| Coef500 | Sets this calculation or display option. Default: 0.500. |
| Coef618 | Sets this calculation or display option. Default: 0.618. |
| Coef764 | Sets this calculation or display option. Default: 0.764. |
| ShowPrices | Enables or disables this display option. Default: true. |
| ColorLowest | Sets the display color for this option. Default: clrOrchid. |
| Color236 | Sets the display color for this option. Default: clrDarkOrange. |
| Color382 | Sets the display color for this option. Default: clrChartreuse. |
| Color500 | Sets the display color for this option. Default: clrSteelBlue. |
| Color618 | Sets the display color for this option. Default: clrChartreuse. |
| Color764 | Sets the display color for this option. Default: clrDarkOrange. |
| ColorHighest | Sets the display color for this option. Default: clrOrchid. |
| buttSize | Sets the display width or text size. Default: 10. |
| buttColor | Sets the display color for this option. Default: clrLime. |
| backColor | Sets the display color for this option. Default: clrMediumVioletRed. |
| axisX | Controls this indicator option. Default: 0. |
| axisY | Controls this indicator option. Default: 387. |
| buttCorner | Sets this calculation or display option. Default: CORNER_LEFT_UPPER. |
| buttWindow | Controls this indicator option. Default: 0. |
| buttName | Controls this indicator option. Default: "DONFIBO". |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
