Indicator of the flat zone breakouts, created about 10 years ago, 5 versions have been published since then. Several thousand copies are already in use around the world.

The idea of the indicator is to track the breakouts of the night flat zone, also known as morning flat. Narrow channels are usually formed around that time. According to statistics, a breakout of such a zone occurs at the beginning of the European session.

The purpose of the indicator is to show when the price reaches Fibo level 161. The indicator provides an option to place a Fibo grid at the levels of the morning flat.

According to statistics, once this level is reached, the price often bounces back inside the channel, where the rollback can be used for entering a trade in the direction of the breakout.

Parameters

• piTimeEndFlatAsiaHour - End hour of the flat period
• piTimeEndFlatAsiaMin - End minute of the flat period
• piTimeEndFlatAsiaSizeMin - The number of flat period minutes before the end hour and minute
• gpInfoParameter - Display additional options
• pNumOfDaysLevel - The number of advance days to display the levels
• pDrawSym - Draw the CH% indicator
• pShowStatistic - Display statistics of the average movement of the pair
• gpyzSH - The number of days to collect statistics of the average movement of the pair
• pDayHistory - The number of days for displaying the levels in history
• FlatSBuy - Points of the flat levels breakout
• FlatSSell - Points of the flat levels breakdown
• gDeleteObjectChart - Delete objects from the chart
  
• pColorFriDayHIGH - Color of the HIGH level for Friday
• pColorFriDayLOW - Color of the LOW level for Friday
• pColorHIGHDAY - Color of the HIGH level for normal days
• pColorLOWDAY - Color of the LOW level for normal days
• plColorFAH - Color of the HIGH level for flat
• plColorFAL - Color of the LOW level for flat
• plColorSignalBUY - Color of the flat breakout
• plColorSignalSELL - Color of the flat breakdown
• gsFibo31 - 1109.0
• gsFibo30 - 685.4
• gsFibo29 - 598.0
• gsFibo28 - 510.8
• gsFibo27 - 423.6
• gsFibo26 - 369.6
• gsFibo25 - 315.7
• gsFibo24 - 261.8
• gsFibo23 - 211.8
• gsFibo22 - 161.8
• gsFibo21 - 130.2
• gsFibo20 - 0.0/100
• gsFibo19 - 11.8/88.2
• gsFibo18 - 23.6/76.4
• gsFibo17 - 38.2/61.8
• gsFibo16 - 50.0/50.0
• gsFibo15 - 61.8/38.2
• gsFibo14 - 76.4/23.4
• gsFibo13 - 88.2/11.8
• gsFibo12 - 0.0/100
• gsFibo11 - 130.2
• gsFibo10 - 161.8
• gsFibo09 - 211.8
• gsFibo08 - 261.8
• gsFibo07 - 315.7
• gsFibo06 - 369.6
• gsFibo05 - 423.6
• gsFibo04 - 510.8
• gsFibo03 - 598.0
• gsFibo02 - 685.4
• gsFibo01 - 1109.0
• gFiboInfo - Display the FIBO grid
• gFiboColor - Color of the FIBO
• gFiboTLColor - Color of the FIBO (TUNING LINE)
• gFiboStyle - Style of the FIBO 0 1 2 3 4
• gFiboTLStyle - Style of the FIBO (TUNING LINE) 0 1 2 3 4
• gFiboStyle_WIDTH - Width of the FIBO Line 0 1 2 3 4
• gFiboTLStyle_WIDTH - Width of the FIBO Line (TUNING LINE) 0 1 2 3 4
• gFiboFONE - Show the FIBO grid in the background of the chart behind the objects or in the foreground
  
• gTextSt - Text color
• gTextStatistic - Text color of the statistics labels
• pColorCURRENCY - Text color of the pair names

about the author

I have been developing programs for FOREX since 2006.