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Indicators

Auto Fibonacci Retracement Levels MT4 - indicator for MetaTrader 4

Kestutis Balciunas
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220
Rating:
(1)
Published:
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Automatically draws Fibonacci retracement and extension levels based on the most recent ZigZag swing high and low. Updates dynamically as new swing points form.

Features:

  • Levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, 127.2%, 161.8%
  • Each level individually toggleable
  • Price labels at every level
  • Optional ZigZag connector line
  • Configurable ZigZag depth/deviation/backstep
  • Performance optimized — recalculates on new bars only

Fibonacci ratios are the foundation of harmonic pattern trading.



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