Zig Zagy Auto Fibo All Levels 3
This Old Kings indicator for MetaTrader 4 is called Zig Zagy Auto Fibo All Levels 3. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It draws arrows on the chart. It has 17 settings, for example Depth (default 90), Deviation (default 5) and Backstep (default 3). 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 Zig Zagy Auto Fibo All Levels 3
Zig Zagy Auto Fibo All Levels 3 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 17 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: ZigZagy Auto Fibo ALL LEVELS.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 90 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Zig zag color | Red | Colour on the chart |
| Zig zag width | 4 | |
| Show current fibo expansion | true | |
| Current fibo expansion color | Blue | Colour on the chart |
| Show last fibo expansion | true | |
| Last fibo expansion color | Green | Colour on the chart |
| Fibo 000 color | OrangeRed | Colour on the chart |
| Fibo 236 color | OrangeRed | Colour on the chart |
| Fibo 382 color | OrangeRed | Colour on the chart |
| Fibo 500 color | OrangeRed | Colour on the chart |
| Fibo 618 color | OrangeRed | Colour on the chart |
| Fibo 764 color | OrangeRed | Colour on the chart |
| Fibo 100 color | OrangeRed | Colour on the chart |
| Fibo 161 color | OrangeRed | 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 · ZigZag · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code