Fibo Trend
This Old Kings indicator for MetaTrader 4 is called Fibo Trend. Judging by its name, it is built around Fibonacci retracement or extension levels and following the trend. In the code it works with moving averages and ATR. It draws arrows on the chart and can read another timeframe. It has 24 settings, for example Ma1Period (default 5), Ma1Type (default MODE_EMA) and Ma1Price (default PRICE_CLOSE). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 11 indicator files 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 Trend
Fibo Trend is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 24 settings, such as Ma1 period, Ma1 type and Ma1 price. MQL source code included.
Files in the download: Fibo Trend\35_MA_SquizeMA_Ed_FLET.ex4, Fibo Trend\35_MA_SquizeMA_Ed_FLET.mq4, Fibo Trend\Daily Average Fibo Historical v1.0.ex4, Fibo Trend\MiniSinyal_v1_1.ex4, Fibo Trend\Pulse Flat.ex4, Fibo Trend\QuickFib.ex4, Fibo Trend\QuickFib.mq4, Fibo Trend\S60M5.15binary options.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma1 period | 5 | Period or timeframe used by the calculation |
| Ma1 type | MODE_EMA | |
| Ma1 price | PRICE_CLOSE | |
| ___ | ___ | |
| Ma2 period | 21 | Period or timeframe used by the calculation |
| Ma2 type | MODE_EMA | |
| Ma2 price | PRICE_CLOSE | |
| _____ | _______ | |
| M as thre s hold pips | 15 | |
| At rmode | true | |
| At rperiod | 50 | Period or timeframe used by the calculation |
| At rmultipl | 0.4 | How much the lot size grows after a loss |
| Time frame | 0 | Period or timeframe used by the calculation |
| Note ma type | SMA0 EMA1 SMMA2 LWMA3 | |
| Note price | 0C 1O 2H 3L 4Md 5Tp 6WghC: Md(HL/2)4,Tp( | |
| Color uptrend | DarkSlateGray | Colour on the chart |
| Color downtrend | Maroon | Colour on the chart |
| Color retracement remaining | Bisque | Colour on the chart |
| Color high price | Crimson | Colour on the chart |
| Color low price | Green | Colour on the chart |
| Draw retracement blocks | true | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · Trend · Buy/Sell Arrows · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code