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Fibonacci Trend Indicator

FREE

Published: 23 April 2025

Current version: 1.1

Fibonacci Trend Indicator

Indicators
Vinoth Durairaj Durairaj
Version: 1.1
Updated: 23 April 2025

Fibonacci Trend Indicator for MT5

Unlock the power of Fibonacci analysis on your MetaTrader 5 charts!

Our Fibonacci Trend Indicator automatically plots dynamic support and resistance levels so you can spot trends, reversals, and breakout opportunities at a glance.

Features & Advantages

Automatic Fibonacci Levels
Instantly displays seven key Fibonacci retracement levels based on the highest and lowest prices from your chosen lookback period — no manual work required.
Dynamic Trend Adaptation
Levels adjust with each new bar to provide the most current view of the market, helping you make decisions in real time.
Clear, Color-Coded Lines
Each Fibonacci level is color-coded and plotted with a bold, clear line for instant visual recognition, even on busy charts.
Simple & Customizable
Change the analysis period (lookback) with a single parameter to match your strategy and timeframe.
Ultra-Fast Performance
Lightweight code ensures minimal impact on your charting experience.
Broad Application
Works for any instrument and timeframe on MT5.

Inputs (Parameters)

Parameter
Description

fiblookback
Number of candles used to calculate the highest high and lowest low. Default: 50. Adjust to fit your preferred analysis period.

Parameter	Description
fiblookback	Number of candles used to calculate the highest high and lowest low. Default: 50. Adjust to fit your preferred analysis period.

How It Works

LooksBack:
Examines the last fiblookback candles to find the highest high and lowest low.
Calculates Seven Levels:
Plots 0% (low), 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100% (high) lines.
Stays Up-To-Date:
Auto-updates with every new bar, so your chart always shows the latest market structure.

Perfect For:

Trend followers and breakout traders
Swing traders using Fibonacci strategies
Anyone wanting clean, no-fuss levels on their MT5 chart

Supercharge your trading with real-time Fibonacci insights. Install the Fibonacci Trend Indicator and discover clearer, smarter trades today!

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