Use it for range trading or breakouts as the image shows. Either use a period value for auto retracing or the Start and End lines to place it where you want. Colors are customizable.
The signals were added to illustrate how to use it.
MT4 Indicators – Download Instructions
AutoFib TradeZones is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
AutoFib TradeZones 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 AutoFib TradeZones.mq4?
- Download AutoFib TradeZones.mq4
- Copy AutoFib TradeZones.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 AutoFib TradeZones.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator AutoFib TradeZones.mq4 is available on your Chart
How to remove AutoFib TradeZones.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
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MT4 Indicators Download here: AutoFib TradeZones