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Indicators

ZigZag Fibo - indicator for MetaTrader 4

MetaQuotes Ltd.
Published by:
Cahyo Hadi Prasetyo
Views:
2475
Rating:
(2)
Published:
2025.04.14 13:10
ZigZagFibo.mq4 (13.68 KB) view
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Description: 

This is a modified version of the original MetaQuotes MQL4 indicator with an added automatic Fibonacci feature. It automatically plots Fibonacci retracement/projection levels based on selected swing highs/lows. Users can choose which swing index (e.g., 1st, 2nd, or 3rd swing) to use as the Fibonacci anchor point, simplifying technical analysis by eliminating manual drawing. This modification does not claim any rights to the original indicator—it only enhances usability.  

Input Vareable


(Short, clear, and covers key points: purpose, user control, and copyright disclaimer.)


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