Forex Auto Fibonacci Trade Zones Indicator
From the Old Kings archive: Forex Auto Fibonacci Trade Zones Indicator, an indicator for MetaTrader 4. Its name points to Fibonacci retracement or extension levels and price zones drawn on the chart. It has 10 settings, for example Fib Period (default 240), Show Start Line (default false) and Show End Line (default false). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Forex Auto Fibonacci Trade Zones Indicator
Forex Auto Fibonacci Trade Zones Indicator is an indicator for MetaTrader 4. It has 10 settings, such as Fib period, Show start line and Show end line. MQL source code included.
Files in the download: AutoFib TradeZones.ex4, AutoFib TradeZones.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fib period | 240 | Period or timeframe used by the calculation |
| Show start line | false | |
| Show end line | false | |
| Show channel | false | |
| Fib style | 5 | |
| Fib color | Gold | Colour on the chart |
| Start line color | RoyalBlue | Colour on the chart |
| End line color | FireBrick | Colour on the chart |
| Buy zone color | MidnightBlue | Colour on the chart |
| Sell zone color | FireBrick | Colour on the chart |
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