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Auto Fibo Retracement MT5

5

Just another Auto Fibonacci Retracement indicator. However, this is the most Flexible & Reliable one you can find for FREE. If you use this indicator and you like it, please leave a review/comment.

If you are looking for a more advanced Fibo indicator, check this Free Trend-Based Fibo indicator.

### FEATURES ###

  • Auto-calculate up to 7 Fibonacci levels on your customized frame.
  • Adjust levels as your need.
  • Use High/Low price or Open/Close price to calculate.
  • Freeze the levels and don't recalculate when chart moves.
  • Keep the starting point and recalculate the ending point when chart moves.
  • Auto-Recalculate everything in a fixed frame.
  • Set up the style (Line color, line style and line thickness) of each Fibonacci level to easy to see.
  • Extend the right and/or left side of lines to easy to use.
  • Move the position of level info (Level and its value) to Right or Left.
  • Show/Hide level value.


### SETTINGS ###

  • Frame: Your custom frame to calculate Fibo levels. It's the number of candles to look back.
  • UseOpenClosePrice: Set to True to use the Open/Close price to calculate instead of High/Low price. This helps to reduce noisy signals in some cases. Please note: This mode may recalculate and redraw the levels in some cases. It's right, not bug.
  • FreezeMode: Set to True to freeze the Fibo levels as initialize. It'll not recalculate the levels when chart moves.
  • KeepStartingPoint: Set to True to keep the starting point of frame. This helps to NOT move the first point of levels when the number of bars from the first bar to the current bar is more than the Frame set up. Please note: If the main trend direction is changed (from bearish to bullish or bullish to bearish), the starting point will be updated to capture the latest trend.
  • Level1 to Level7: 7 Fibonacci levels you want to calculate. Set to a number less than 0 to hide that level.
  • ExtendLeft: Set to True to draw levels to the most left of the chart (by default, it starts from the beginning of the main trend).
  • ExtendRight: Set to True to draw levels to the most right of the chart (by default, it end from the ending of the main trend).
  • ShowLevelPrice: Set to True to show the price next to the level.
  • InfoOnLeft: Set to true to move the level info to the left of levels.
  • Colors tab: Move to color tab to change Color, Style and Width of each level as your preferred.


### HOW TO USE IT ###

Just click on the indicator name to attach the indicator to the chart. You can change settings as you need. The meaning of each setting is as above.


### WHAT'S IN THE CHART ###

When the indicator is attached to the chart, you will see:

  • The line arrow is the main trend. It is from the start to the end of the trend. Green if the main trend is bullish and red if the main trend is bearish.
  • 7 horizon lines in difference colors are the Fibonacci levels.
  • Text on the line is the level and the price on that level.

If you need further support, please feel free to leave a comment.

















Reviews 3
50712345
35
50712345 2024.09.17 07:22 
 

Splendid. It has colors for levels and is very accurate

mm0079
137
mm0079 2024.03.14 17:35 
 

Very nice thanks. I only noticed it has some trouble with very big wicks. But in normal conditions its perfect for me!

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Basic Harmonic Patterns Dashboard MT5
Mehran Sepah Mansoor
5 (1)
Indicators
This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays
AW Trend Predictor MT5
AW Trading Software Limited
4.75 (51)
Indicators
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history. The indicator calculates Take Profit and Stop Loss marks. Manual and instruction ->  HERE  / MT4 version ->  HERE How to trade with the indicator:  Trading wit
Market Reversal Alerts MT5
LEE SAMSON
4.62 (21)
Indicators
Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on
Smart Price Action Concepts MT5
Issam Kassas
4.3 (10)
Indicators
First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one , combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focus
TPA True Price Action MT5 Indicator
InvestSoft
5 (9)
Indicators
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
PZ Divergence Trading MT5
PZ TRADING SLU
4 (5)
Indicators
Unlock hidden profits: accurate divergence trading for all markets Special Offer: Purchase now to receive free bonuses worth $90! (Read more for details) Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Finds regular and hidden divergences S
Easy Buy Sell Signal Alert
Franck Martin
4.33 (6)
Indicators
Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
Volume Order Blocks MT5
Suvashish Halder
5 (6)
Indicators
Introducing the Volume Order Blocks indicator, a game-changing tool designed for traders who demand precision and clarity in their market analysis. This advanced indicator not only identifies order blocks but also integrates crucial volumetric data, allowing you to gauge the strength of these blocks with unparalleled accuracy. MT4 version -  https://www.mql5.com/en/market/product/121237/ Key Features of the Volume Order Blocks: Bullish & Bearish Order Blocks: Easily visualize and differentiat
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Trend Based Fibo MT5
Nguyen Tuan Son
4.5 (4)
Indicators
T he most   Flexible   &   Reliable   Trend-Based Fibonacci indicator   by Safe Trading. This indicator helps you calculate Trend-Based Fibonacci levels base on   the main and retracement trends to predict future price . If you just looking for a simple Fibonacci Retracement indicator, please use  this Free indicator . ### FEATURES ### Auto-calculate up to 7 Trend-Based Fibonacci levels on adjustable frame. Adjust Fibonacci levels as your need. Adjust the start and the end of calculated frame
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Auto Fibo Retracement MT4
Nguyen Tuan Son
3.67 (3)
Indicators
Just another Auto Fibonacci Retracement indicator . However, this is the most Flexible & Reliable one you can find for FREE. If you use this indicator and you like it, please leave a review/comment. If you are looking for a more advanced Fibo indicator, check this  Free  Trend-Based Fibo indicator . ### FEATURES ### Auto-calculate up to 7 Fibonacci levels on your customized frame. Adjust levels as your need. Use   High/Low price or  Open/Close price to calculate. Freeze the levels and don't re
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Trend Based Fibo MT4
Nguyen Tuan Son
3 (1)
Indicators
The most Flexible & Reliable   Trend-Based Fibonacci indicator by Safe Trading. This indicator helps you calculate Trend-Based Fibonacci levels base on the main and retracement trends to predict future price . If you just looking for a simple Fibonacci Retracement indicator, please use  this Free indicator . ### FEATURES ### Auto-calculate up to 7 Trend-Based Fibonacci levels on adjustable frame. Adjust Fibonacci levels as your need. Adjust the start and the end of calculated frame in indicato
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50712345 2024.09.17 07:22 
 

Splendid. It has colors for levels and is very accurate

[Deleted] 2024.05.19 04:33 
 

User didn't leave any comment to the rating

mm0079
137
mm0079 2024.03.14 17:35 
 

Very nice thanks. I only noticed it has some trouble with very big wicks. But in normal conditions its perfect for me!

Reply to review
Version 1.2 2023.03.22
- Support Trend Direction line customization
- Fix the conflict issue with other indicators
- Optimize performance
Version 1.1 2023.03.09
Fix minor issue with Open Close Mode.