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PZ Fibonacci MT5

Are you tired of plotting Fibonacci retracements or extensions manually? This indicator displays Fibo retracements or extensions automatically, calculated from two different price points, without human intervention.

  • Easy to use
  • Manual anchoring is not needed
  • Perfect for price confluence studies
  • The indicator evaluates if retracements or extensions are needed
  • Once drawn, you can manually edit the Fibo anchors

The indicator adapts to your chart size and zoom:

  • Zoom out to get the big picture
  • Zoom in to dive into price action


Settings

  • Amplitude - amount of bars between alternative price points of the short term Fibo object
  • Behavior - indicator can draw two Fibo objects, just the latest one, or just the complete chart one
  • Drawing Settings - the block is self-explanatory


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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