Ifibonacci
From the Old Kings archive: Ifibonacci, an indicator for MetaTrader 4. In the code it works with ZigZag. It can send alerts. It has 40 settings, for example lb 0, Depth (default 24) and Deviation (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Ifibonacci
Ifibonacci is an indicator for MetaTrader 4 based on ZigZag. It can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Lb 0, Depth and Deviation. MQL source code included.
Files in the download: ifibonacci.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lb 0 | ---------- Z I G Z A G S E T T I N G | |
| Depth | 24 | ZigZag Depth |
| Deviation | 5 | ZigZag Deviation |
| Backstep | 3 | ZigZag Backstep |
| Max bars | 500 | Maximum Bars |
| Fixed period | 0 | Time Frame to use |
| Lb 1 | -------------------------------------------------------- | |
| Lb 2 | ---------- F I B O R E T R A C E M E N T | |
| Show retracement | true | Show Retracement |
| R style | 0 | Levels Style |
| R color | clrGold | Levels Color |
| R width | 1 | Levels Width |
| L0 | 0.0 | Level 0 |
| L38 | 0.382 | Level 38.2 |
| L50 | 0.5 | Level 50 |
| L61 | 0.618 | Level 61.8 |
| L100 | 1.0 | Level 100 |
| Extra levels | false | Extra levels: 14.6, 23.6, 76.4, 88.6, 127.2 |
| L14 | 0.146 | Level 14.6 |
| L23 | 0.236 | Level 23.6 |
| L74 | 0.764 | Level 76.4 |
| L88 | 0.886 | Level 88.6 |
| L127 | 1.272 | Level 127.2 |
| Level price | false | Show Prices |
| Lb 3 | -------------------------------------------------------- | |
| Lb 4 | ---------- F I B O A R C | |
| Show arc | false | Show Arc |
| Scale method | Math | Scalling Method |
| Info | If ClientRect, you must allow DLL import | ---------- NOTE! |
| Manual scale | 0 | Manual Scale value |
| A color | clrTomato | Arc Color |
| A style | 0 | Arc Style |
| A width | 1 | Arc Width |
| ARC38 | 0.382 | Level 38.2 |
| ARC50 | 0.500 | Level 50 |
| ARC61 | 0.618 | Level 61.8 |
| Extra arc | false | Show extra levels: 14.6, 23.6, 76.4 |
| ARC14 | 0.146 | Level 14.6 |
| ARC23 | 0.236 | Level 23.6 |
| ARC74 | 0.764 | Level 76.4 |
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 · ZigZag · MT4 Indicator · MQL4 Source Code