Fibo Fan 8 TRO Modified Version 8
This Old Kings indicator for MetaTrader 4 is called Fibo Fan 8 TRO Modified Version 8. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. The file name marks it as version 8. It can read another timeframe. It has 15 settings, for example Time Frame (default 0), n Left (default 8) and n Right (default 8). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Fan 8 TRO Modified Version 8
Fibo Fan 8 TRO Modified Version 8 is an indicator for MetaTrader 4. It can show data from another timeframe (MTF). It has 15 settings, such as Time frame, N left and N right. MQL source code included.
Files in the download: FiboFan_8_TRO_MODIFIED_VERSION.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| N left | 8 | |
| N right | 8 | |
| Filter | 10 | |
| Fibo1 color | Red | Colour on the chart |
| Fibo1 width | 1 | |
| Fibo1 style | 2 | |
| Fibo2 color | Blue | Colour on the chart |
| Fibo2 width | 1 | |
| Fibo2 style | 2 | |
| Fib level1 | 0.236 | |
| Fib level2 | 0.382 | |
| Fib level3 | 0.500 | |
| Fib level4 | 0.618 | |
| Fib level5 | 0.764 |
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 · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code