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Free Automatic Fibonacci MT5

FREE

Published: 8 October 2018

Current version: 1.20

Free Automatic Fibonacci MT5

Name: Free Automatic Fibonacci MT5
Rating: 4.8541665 (48 reviews)
Author: Tonny Obare

4.85

Indicators
Tonny Obare
Version: 1.20
Updated: 9 March 2021

Free automatic Fibonacci is an indicator that automatically plots a Fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The Fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with different settings and colors. The settings are explained below:

BarsToScan - Set number of bars for the indicator to check for values
Level_1 - First level of the Fibonacci
Level_2 - Second level of the Fibonacci
Level_3 - Third level of the Fibonacci
Level_4 - Fourth level of the Fibonacci
Level_5 - Fifth level of the Fibonacci
Level_6 - Sixth level of the Fibonacci
LevelsColor - Setting to customize the color of the Fibonacci levels
FiboName - Setting for the name of the Fibonacci. If you attach several times then each Fibonacci should have a different name.

This indicator can be used by all traders both armatures and professional traders as it does not require any expert knowledge to get it working. Simply attach it and it will scan the chart based on your preferences then it will plot a Fibonacci at the most suitable places.

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Screenshot #1 Free Automatic Fibonacci MT5

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Hansaben Gayakvad 2025.09.22 13:37 #

"The indicator works well and automatically plots Fibonacci levels correctly, which is very useful. However, it only shows the Fibonacci ratios (0, 0.236, 0.382, 0.5, 0.618, etc.) without displaying the corresponding price levels on the chart. It would be much more helpful if the indicator also showed both the ratio and the exact price value (e.g., 0.618 – 1.12345). This improvement would make the tool more practical for traders when identifying entry and exit levels."

3091

Benjamin Afedzie 2025.07.30 17:13 #

great product

PONKO 2025.06.28 05:37 #

Easy to install, simple, very practical, and precise. A must-have tool in your arsenal. Thank you.

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Profitstat premium version scans your trading history and displays performance on the chart. The premium version is far more flexible than the free one. The premium version contains the following features that you won't find in the free version: Ability to horizontally position the indicator as you prefer. Ability to display results in money or in pips with the option to hide or display one or both of them. An option to show stats for only the chart symbol. An option to only show data from a cer

30 USD

Automatic stops monitors your account and automatically sets the values you enter in the EA for stop loss, take profit and also trailing stop. As long as the EA is attached on a chart it will set stops and offer automatic trailing to any new trades for that currency pair so you wont have to manually enter them every time you open a trade. Features include: Ability to select which trades should be monitored via magic number. You can leave the value to 0 to only monitor manual trades or to any one

30 USD

MA strategies EA is a moving average cross EA that can support multiple MA cross strategies that involve two or three moving averages. Purchasing this EA can save you the time taken to automate your existing MA strategy through coding a custom EA and it also helps you discover profitable moving average strategies as its fully compatible with the strategy tester and all settings are editable. The EA supports both scalping, short term and long term strategies. The various supported settings are e

30 USD

RSI strategies EA supports multiple RSI based strategies. Purchasing this EA can save you the time taken to automate your existing RSI strategy, through coding a custom EA and it also helps you discover profitable RSI strategies as its fully compatible with the strategy tester and all settings are editable. The EA supports both scalping, short term and long term strategies. The various supported settings are explained below: NOTE: The default settings in the EA are simply place holders. Before

30 USD

Fibonacci strategies EA trades Fibonacci levels. You can choose whether the EA should trade a manually plotted fibonacci or whether it should automatically plot a fibonacci. In automatic fibonacci drawing mode, the EA automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values

30 USD

MACD strategies EA is a EA that can support multiple MACD strategies. Purchasing this EA can save you the time taken to automate your existing MACD strategy through coding a custom EA and it also helps you discover profitable MACD strategies as its fully compatible with the strategy tester and all settings are editable. The EA supports both scalping, short term and long term strategies. The various supported settings are explained below: NOTE: The default settings in the EA are simply place ho

30 USD

Trade simplifier premium is a trade panel that simplifies trade opening. It is simple and easy to understand, with key features to ease trading. Features include: Order type selection Fixed lot entry from the chart user interface Easy Take profit entry field on the chart user interface Visual take profit selection and adjustment via the line that appears when you click the Take Profit button Easy Stop loss entry field in points on the chart user interface Visual Stop Loss selection and adjustm

30 USD

Filter:

Hansaben Gayakvad 2025.09.22 13:37 #

3091

Benjamin Afedzie 2025.07.30 17:13 #

great product

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Reply from developer Tonny Obare 2025.08.02 19:00 #

Thank you.

PONKO 2025.06.28 05:37 #

Easy to install, simple, very practical, and precise. A must-have tool in your arsenal. Thank you.

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Reply from developer Tonny Obare 2025.06.28 08:44 #

Many thanks.

azamfr 2025.05.14 20:59 #

Super indicator, well done! Excellent work, thank you! For the next update, would it be possible to add the possibility of displaying percentage lines on the indicator? Thanks in advance

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Reply from developer Tonny Obare 2025.05.15 08:06 #

Thank you for the feedback.

Hans778 2025.03.16 14:08 #

OK thanks for the help!

IsmaGomes 2025.03.13 20:21 #

Top!

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Rafal Krzysztof Manuszewski 2024.10.05 19:18 #

👍

Moe Bitar 2024.06.01 14:08 #

User didn't leave any comment to the rating

632

Peter Williams 2024.01.15 16:40 #

Looks good but if I load a chart with this indicator plus others then save as template I don't appear to see indicator loaded when I load template on another chart. The indicator shows in the list of indicators but nothing shows - for this indicator - on the chart

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Reply from developer Tonny Obare 2024.01.15 20:15 #

Hello. Kindly countercheck your procedure. We tested as mentioned and it works okay. Perhaps one of the other indicators is causing the bug.

JUAN HERNANDO 2023.06.27 18:14 #

seria importante poder cambiar el color y el groser en una linea individulmente

Tt70598732 2023.02.13 11:01 #

DavidJose 2023.02.09 15:38 #

Buen indicador

palopalo 2023.01.25 00:15 #

Es bueno gracias

youko7 2023.01.22 03:17 #

使いやすいです♪

hugrusi 2022.11.13 06:51 #

Muy bueno, muchas gracias!

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gobonaone chikanda 2022.11.10 17:10 #

useful

JerryOwens1 Granados 2022.11.08 03:07 #

Excelente Indicador, muchas gracias por hacerlo libre aunque debería poderse configurar con mas niveles

Edemilson Souza 2022.11.02 21:20 #

How can I change the line colors? Yellow doesn't work for me!

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Reply from developer Tonny Obare 2022.11.03 08:05 #

Hello. You can use the LevelsColor input.

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HOGJoerch63 2022.10.08 10:49 #

nice to have someone that makes the work for u. Thumbs up

Lusky 2022.08.29 00:38 #

Works as advertised, it's what I was looking for and I might purchase some additional options for it I would need along with one other I forgot to mention.

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