Fibo S 600 2
Fibo S 600 2 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It has 5 settings, for example Target Period (default 34), Fibo Period (default 17) and Show Target (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 S 600 2
Fibo S 600 2 is an indicator for MetaTrader 4. It has 5 settings, such as Target period, Fibo period and Show target. MQL source code included.
Files in the download: fibo_s 600+.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Target period | 34 | Period or timeframe used by the calculation |
| Fibo period | 17 | Period or timeframe used by the calculation |
| Show target | true | |
| Show fibo lines | false | |
| Show high low | false |
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