Float is a free custom indicator for MT4 and MT5 coded by EarnForex.com. It was originally developed by Barry Stander. It detects major trend waves on a given number of bars and draws Fibonacci and DiNapoli levels across them.
This indicator uses tick volume to analyze trends. You must be aware that tick volume is a rather controversial tool in spot Forex trading.
More information about this custom MetaTrader indicator is available here: https://www.earnforex.com/indicators/Float/
Any contributions to the code are welcome!