Zig Zag NK Fibo Fan 2
This Old Kings indicator for MetaTrader 5 is called Zig Zag NK Fibo Fan 2. Its name points to Fibonacci retracement or extension levels and the ZigZag swing tracer. It has 13 settings, for example Depth (default 12), 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 (.mq5) 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 · MT5 · v1.0 · Free
About Zig Zag NK Fibo Fan 2
Zig Zag NK Fibo Fan 2 is an indicator for MetaTrader 5. It has 13 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: ZigZag_NK_FiboFan.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Dynamic fibo flag | true | Dynamic Fibo display flag |
| Dynamic fibo color | Blue | Dynamic Fibo color |
| Dynamic fibo style | STYLE_DASHDOTDOT | Dynamic Fibo style |
| Dynamic fibo width | 1 | Dynamic Fibo line width |
| Dynamic fibo as ray | true | Dynamic Fibo ray |
| Static fibo flag | true | Static Fibo display flag |
| Static fibo color | Red | Static Fibo color |
| Static fibo style | STYLE_DASH | Static Fibo style |
| Static fibo width | 1 | Static Fibo line width |
| Static fibo as ray | false | Static Fibo ray |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · ZigZag · MT5 Indicator · MQL5 Source Code