Fibo Fan 8 TRO Modified Version
This Old Kings indicator for MetaTrader 4 is called Fibo Fan 8 TRO Modified Version. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. The file name marks it as a modified edition. 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
Fibo Fan 8 TRO Modified Version 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 (1).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