Fibo Bars 2
From the Old Kings archive: Fibo Bars 2, an indicator for MetaTrader 4. Judging by its name, it is built around Fibonacci retracement or extension levels. It has 4 settings, for example period Fast (default 2), period Med (default 19) and period Slow (default 190). 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 Fibo Bars 2
Fibo Bars 2 is an indicator for MetaTrader 4. It has 4 settings, such as Period fast, Period med and Period slow. MQL source code included.
Files in the download: FiboBars_3.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period fast | 2 | Number of bars in the calculation |
| Period med | 19 | Number of bars in the calculation |
| Period slow | 190 | Number of bars in the calculation |
| Fibo level | 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