Auto Fibonacci Retracement – indicator for MetaTrader 4

Auto Fibonacci Retracement – indicator for MetaTrader 4

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Real author: Jeff West

Automatically draws Fibonacci retracements on chart.

Added the following inputs:

  • Fib Line Color
  • Fib Line Style
  • Fib Line Width

The Fibonacci retracement automatic calculated position can be adjusted by dragging the top or bottom of the red diagonal line. If the chart period is changed, the Fibonacci retracement will revert to automatic calculation.

Further research:

MT4 Indicators – Download Instructions

Auto Fibonacci Retracement is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway 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 the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file 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 the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.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:

Auto Fibonacci Retracement – indicator for MetaTrader 4

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