Fibo Box Santai

Fibo Box Santai — Indicator Description

What is this indicator?

A custom MetaTrader 5 (MQL5) indicator that combines three main features in one tool: a colored ZigZag, automatic Fibonacci levels, and candle coloring based on trend direction.

Main Features

1. Color ZigZag Draws a classic ZigZag line connecting swing high and swing low points. The line turns blue when price moves up (toward a peak) and red when moving down (toward a bottom). 

2. Automatic Fibonacci Levels Each time a new confirmed swing is formed, the indicator automatically draws Fibonacci level lines from that swing. Levels include:

3. Fibonacci Zones (Background Highlight) Two color-shaded zones (with adjustable transparency) that highlight key price areas:

  • Zone 1  (strong support/resistance area)
  • Zone 2 (shallow retracement area)

4. Candle Coloring All candles on the chart are recolored to match the active ZigZag direction — candles turn green when ZigZag is red (uptrend), and red when ZigZag is blue (downtrend), making it easier to visually read the trend bias.

5. Info Panel A text panel displayed in the upper-right corner of the chart showing the active trend direction: "TREND UP / BUY" or "TREND DOWN / SELL".

Input Parameters

Parameter Default Description


Show Fibonacci true Display Fibo levels
Fibo Timeframe Current Timeframe for Fibo calculation
Max History Bars 500 Maximum bars to calculate
Show Labels false Display Fibonacci number labels
Fibo Zone 1 true Enable first highlight zone
Fibo Zone 2 true Enable second highlight zone
Color Candles true Color candles based on ZigZag

How to Read the Signals

  • Blue ZigZag + Red Candles + Panel "TREND DOWN / SELL" → bearish bias, look for sell opportunities at Fibonacci zone levels
  • Red ZigZag + Green Candles + Panel "TREND UP / BUY" → bullish bias, look for buy opportunities at Fibonacci zone levels
  • Zone 1 is a deep retracement area — commonly acts as a reversal or trend continuation zone

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