Fibonacci Retracement
From the Old Kings archive: Fibonacci Retracement, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It can send alerts. It has 26 settings, for example Depth (default 30), Deviation (default 5) and Backstep (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Fibonacci Retracement
Fibonacci Retracement is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 26 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: Fibonacci_Retracement.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 30 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Fibo1 color | DodgerBlue | Colour on the chart |
| Fibo1 width | 1 | |
| Fibo1 style | STYLE_DOT | |
| Fibo1 levels style | STYLE_SOLID | |
| Fibo2 color | DarkSlateGray | Colour on the chart |
| Fibo2 width | 1 | |
| Fibo2 style | STYLE_DOT | |
| Fibo2 levels style | STYLE_SOLID | |
| Show previous | true | |
| _ | alerts behaviour | |
| Alerts on | false | Turn this alert on or off |
| Alerts tolerance | 1.0 | Turn this alert on or off |
| Touch chanell | false | |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Alerts show touched | true | Turn this alert on or off |
| Bars to show candles | 1000 | |
| Bar up color | Green | Colour on the chart |
| Bar down color | Red | Colour on the chart |
| Wick color | Gray | Colour on the chart |
| Candle width | 3 |
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 · Alerts · MT4 Indicator · MQL4 Source Code