Zz Fibo Generator 7
From the Old Kings archive: Zz Fibo Generator 7, an indicator for MetaTrader 4. Judging by its name, it is built around Fibonacci retracement or extension levels. It has 6 settings, for example Depth (default 21), Deviation (default 13) and Backstep (default 34). 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 Zz Fibo Generator 7
Zz Fibo Generator 7 is an indicator for MetaTrader 4. It has 6 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: zz_fibo_generator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 21 | |
| Deviation | 13 | |
| Backstep | 34 | Distance between orders |
| Fib color1 | Green | Colour on the chart |
| Fib color2 | RoyalBlue | Colour on the chart |
| Fib color3 | Gold | 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 · MT4 Indicator · MQL4 Source Code