Fibonacci Fans
Fibonacci Fans is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around Fibonacci retracement or extension levels. Its source code uses MACD and fractals. It draws arrows on the chart. It has 21 settings, for example Serial, Symbols and Target Color (default Red). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Fans
Fibonacci Fans is an indicator for MetaTrader 4 based on MACD and Fractals. It draws buy and sell arrows on the chart. It has 21 settings, such as Serial, Symbols and Target color. MQL source code included.
Files in the download: fibo font file.zip, Fibonacci_Fan.ex4, Fibonacci_Fan.mq4, Filtr.ex4, Filtr.mq4, Fibonacci_Fan.tpl, ¤«ï ª®à४⮣® ®â®¡à ¦¥¨ï.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Serial | ||
| Symbols | ||
| Target color | Red | Colour on the chart |
| Level1 | Crimson | |
| Level2 | Brown | |
| Level3 | Chocolate | |
| Level4 | Blue | |
| Level5 | Gray | |
| Level6 | Silver | |
| Level7 | Honeydew | |
| Shadow color | Silver | Colour on the chart |
| Corerc color | Silver | Colour on the chart |
| Maxbar | 1000 | |
| Windows | 4 | |
| Clr one wind | AliceBlue | |
| Too windows simbol | _DXY | |
| Clr too wind | LightGoldenrod | |
| Three windows simbol | GOLD | |
| Clr three wind | Seashell | |
| For windows simbol | GBPUSD | |
| Clr for wind | Beige |
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 · MACD · Fractals · MT4 Indicator · MQL4 Source Code