Forex FX5 Fibo Spiral Indicator
This Old Kings indicator for MetaTrader 4 is called Forex FX5 Fibo Spiral Indicator. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It can send alerts. It has 6 settings, for example radius (default 5), golden Spiral Cycle (default 1) and accurity (default 0.2). 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 Forex FX5 Fibo Spiral Indicator
Forex FX5 Fibo Spiral Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 6 settings, such as Radius, Golden spiral cycle and Accurity. MQL source code included.
Files in the download: FX5_FiboSpiral_v1_0.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Radius | 5 | |
| Golden spiral cycle | 1 | |
| Accurity | 0.2 | |
| Clock wise spiral | true | |
| Spiral color1 | Blue | Colour on the chart |
| Spiral color2 | Red | 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 · Alerts · MT4 Indicator · MQL4 Source Code