Fibonacci Bands Trading System
Fibonacci Bands Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around Fibonacci retracement or extension levels. Its source code uses moving averages and ATR. It draws arrows on the chart. It has 25 settings, for example MAPeriod (default 55), MAType (default 2) and fibo1 (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 10 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 Fibonacci Bands Trading System
Fibonacci Bands Trading System is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 25 settings, such as Ma period, Ma type and Fibo1. MQL source code included.
Files in the download: Fibonacci Bands Trading System\buy zone fibs.ex4, Fibonacci Bands Trading System\buy zone fibs.mq4, Fibonacci Bands Trading System\Fibonacci BandsTrading System.tpl, Fibonacci Bands Trading System\MACD 3(m).ex4, Fibonacci Bands Trading System\MACD 3(m).mq4, Fibonacci Bands Trading System\MultiFilter Signal.ex4, Fibonacci Bands Trading System\MultiIndicator Alerts v1.3.ex4, Fibonacci Bands Trading System\sell zone fibs.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 55 | Period or timeframe used by the calculation |
| Ma type | 2 | |
| Fibo1 | 1 | |
| Fibo2 | 2 | |
| Fibo3 | 3 | |
| Fibo4 | 4 | |
| Fibo5 | 5 | |
| Fibo6 | 6 | |
| Fibo7 | 7 | |
| Price | 0C, 1O, 2H, 3L, 4Md:(Md(HL/2)4), 5Tp:(Tp | |
| Price | 6 | |
| Length com | 9 | |
| M amode | 3 | |
| Up color | Aqua | Colour on the chart |
| Down color | Yellow | Colour on the chart |
| Chncolor | White | Colour on the chart |
| High chan color | Lime | Colour on the chart |
| Low chan color | Red | Colour on the chart |
| Zero2 | White | |
| Zero line up color | Green | Colour on the chart |
| Zero line down color | Red | Colour on the chart |
| St dv | 1.0 | |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Periods atr | 20 | Number of bars in the calculation |
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 · Buy/Sell Arrows · Moving Average · ATR · MT4 Indicator · MQL4 Source Code