This indicator will create a Fibonacci Retracement Object on your chart, and auto-update its values.
You can indicate if you prefer to use the classic High/Low values, or the less classic Open/Close ones (price_type: 0 = High/Low, 1 = Open/Close).
You can also define how many bars to look back maximum (Band_period).
MT4 Indicator Download – Instructions
Auto-Fibonacci is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Auto-Fibonacci provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Auto-Fibonacci.mq4?
- Download Auto-Fibonacci.mq4
- Copy Auto-Fibonacci.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Auto-Fibonacci.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Auto-Fibonacci.mq4 is available on your Chart
How to remove Auto-Fibonacci.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: