Autofibo
Autofibo — a MetaTrader 4 script kept in the Old Kings collection. Its source code uses ZigZag. It has 5 settings, for example ZZDepth (default 12), ZZDeviation (default 5) and ZZBackstep (default 3). Drop it on a demo chart first to see exactly what it does. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Script · MT4 · v1.0 · Free
About Autofibo
Autofibo is a script for MetaTrader 4 based on ZigZag. It has 5 settings, such as Zz depth, Zz deviation and Zz backstep. MQL source code included.
Files in the download: autofibo.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Zz depth | 12 | ZigZag Depth |
| Zz deviation | 5 | ZigZag Deviation |
| Zz backstep | 3 | ZigZag Backstep |
| Fibo line | clrMagenta | Fibo Line Color |
| Fibo levels | clrBlue | Fibo Levels Color |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Scripts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the script onto a chart to run it once.
Tags: Fibonacci · ZigZag · MT4 Indicator · MQL4 Source Code