Fib Progression
Fib Progression — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It has 5 settings, for example high Low (default 0.0), fib Prog Lines (default 6) and progression Upward (default FALSE). Load it on a demo chart and check whether its signals repaint before trusting them. 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.
Indicator · MT4 · v1.0 · Free
About Fib Progression
Fib Progression is an indicator for MetaTrader 4. It has 5 settings, such as High low, Fib prog lines and Progression upward. MQL source code included.
Files in the download: FibProgression.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| High low | 0.0 | |
| Fib prog lines | 6 | |
| Progression upward | FALSE | |
| Color1 | Yellow | Colour on the chart |
| Line thickness | 1 |
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 → Indicators.
- 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 indicator from the Navigator onto a chart and adjust the settings.
Tags: Fibonacci · MT4 Indicator · MQL4 Source Code