Fibonacci Sniper XAUUSD

GOLD FIBONACCI SNIPER M5

Description

GOLD FIBONACCI SNIPER M5 is a professional MetaTrader 5 indicator specially developed for XAUUSD (Gold) on the M5 timeframe.

The indicator uses Fibonacci retracements combined with trend analysis, volatility filters, candle rejection patterns, and market strength confirmation to identify high-probability entry opportunities.

The system automatically detects retracement zones between the 38.2, 50, and 61.8 Fibonacci levels, which are commonly considered institutional reaction areas.

When all setup conditions are met, the indicator displays visual BUY or SELL signals directly on the chart and can generate real-time sound alerts.

How the Indicator Works

The indicator automatically performs the following processes:

  • Detects strong market swings.

  • Calculates Fibonacci retracement levels automatically.

  • Identifies high-probability retracement zones.

  • Analyzes higher timeframe trend direction (M15).

  • Uses ATR to validate market volatility.

  • Filters signals using candle rejection and volume confirmation.

  • Displays BUY and SELL arrows on the chart.

  • Generates sound alerts and notifications.

Main Advantages
  • Fully automatic operation.

  • Specifically optimized for XAUUSD.

  • Ideal for scalping and intraday trading.

  • Clean and user-friendly interface.

  • Built-in information panel.

  • Real-time sound alerts.

  • Trend filter to avoid low-quality signals.

  • Volatility filter for better market conditions.

  • Institutional Fibonacci retracement logic.

  • Easy to use even for beginners.

Recommended Timeframe
  • M5 (recommended)

Recommended Symbol
  • XAUUSD (Gold)

Indicator Features
  • Automatic Fibonacci levels

  • Entry zones

  • BUY and SELL signals

  • Information panel

  • Sound alerts

  • ATR filter

  • Trend filter

  • Volume filter

  • Candle confirmation

Input Parameters

TrendTF

Defines the higher timeframe used for trend analysis.

SwingLookback

Number of candles used to detect the latest significant market swing.

MinSwingDistancePoints

Minimum swing distance required for Fibonacci validation.

FastEMA

Fast EMA period used in trend analysis.

SlowEMA

Slow EMA period used in trend analysis.

TrendEMA

Main EMA used as directional filter.

UseTrendFilter

Enables or disables the trend filter.

UseATRFilter

Enables or disables the ATR volatility filter.

ATRPeriod

ATR calculation period.

MinATRPoints

Minimum ATR value required for signal generation.

MaxATRPoints

Maximum ATR value allowed for signal generation.

UseVolumeFilter

Enables or disables the volume filter.

VolumeLookback

Number of candles used for average volume calculation.

VolumeMultiplier

Minimum volume multiplier required for signal validation.

FibZoneTolerancePoints

Tolerance distance around the Fibonacci zone.

SignalScoreMinimum

Minimum score required to generate a valid signal.

DrawFibLevels

Enables or disables Fibonacci level drawing.

DrawEntryZone

Enables or disables entry zone visualization.

ShowPanel

Shows or hides the information panel.

EnableSoundAlert

Enables or disables sound alerts.

SoundFile

Sound file used for alerts.

EnablePopupAlert

Enables popup alerts inside MetaTrader 5.

EnablePushNotification

Enables mobile push notifications.

Recommendations

For best performance:

  • Use the indicator on XAUUSD.

  • Use the M5 timeframe.

  • Avoid trading during high-impact news events.

  • Always use proper risk management.

  • Wait for candle confirmation before entering trades.

Risk Warning

Trading financial markets involves risk. No system or indicator can guarantee profits or future results.


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