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Auto Fibonachi Levels

Simply drop the indicator to the chart and Fibonacci levels will be shown automatically!

The indicator is developed for automatic drawing of Fibonacci levels on the chart. It provides the abilities to:

  • Select the standard Fibo levels to be shown
  • Add custom levels
  • Draw the indicator on the timeframes other than the current one. For example, the indicator is calculated on the weekly period (W1) and is displayed on the monthly period (MN1)
  • Select the timeframes the indicator will be available on
  • Calculate the Fibo based on the main trend (original behavior) or rollbacks (new behavior)
You can also specify a number of candles the indicator shall look back for plotting the levels and specify which colors will be used for drawing the indicator.

Please contact the author for requesting additional levels or other enhancements.

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Simply drop the indicator to the graph and support and resistance levels will be shown automatically! The indicator for automatic drawing of support and resistance levels based on THREE points. Identified points are marked on the chart Indicator shows break through price for both bullish and bearish trends (if found) You can specify on how many bars the indicator shall look in order to identify supporting points. In addition, you can select on which time frame the indicator will work. That means
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Kostbar
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Kostbar 2017.08.28 19:45 
 

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cvdestyfx
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cvdestyfx 2015.08.19 11:03 
 

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Version 1.6 2020.03.25
The indicator was recompiled on MT4 build 1260 in order to improve the performance, get the latest fixes and support the latest features of the MT4 library.
Version 1.5 2016.05.17
Fibo calculation based on the main trend (behavior before v1.5) or rollbacks (new from v1.5)
Version 1.4 2015.08.27
It is possible now to show not only standard Fibo levels, but also custom ones.
Version 1.3 2015.03.13
Now, you can specify which colors will be used for drawing the indicator.
Version 1.2 2015.03.06
Now you can also specify on how many bars the indicator shall look back for building the levels.