IMA True Fibs Below
From the Old Kings archive: IMA True Fibs Below, an indicator for MetaTrader 4. In the code it works with moving averages. It has 9 settings, for example MAPeriod (default 157), MAType (default 1) and fibo1 (default 21). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 IMA True Fibs Below
IMA True Fibs Below is an indicator for MetaTrader 4 based on Moving Average. It has 9 settings, such as Ma period, Ma type and Fibo1. MQL source code included.
Files in the download: iMA_TrueFibs_Below.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 157 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Fibo1 | 21 | |
| Fibo2 | 34 | |
| Fibo3 | 55 | |
| Fibo4 | 89 | |
| Fibo5 | 144 | |
| Fibo6 | 233 | |
| Fibo7 | 377 |
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: Moving Average · MT4 Indicator · MQL4 Source Code