LZ Auto Fibo Retracement
- Indicatori
- Lukasz Tomasz Zychal
- Versione: 1.1
LZ Auto Fibo Retracement automatically detects the most significant swing highs and lows on your chart and instantly draws accurate Fibonacci retracement levels between them. Stop drawing Fibs manually—let the indicator do it for you dynamically as the market evolves.
Feature highlights
- Auto Swing Detection: identifies the most relevant market extremes based on a configurable swing period and lookback range.
- Dynamic Updates: the Fibonacci levels automatically adjust to new highs and lows as price action develops in real-time.
- Standard Levels Included: displays key retracement and extension levels (0.0, 23.6, 38.2, 50.0, 61.8, 78.6, 100.0, 161.8, 261.8).
- Ray Extension: optionally extend the Fibonacci lines infinitely to the right to see future support/resistance areas.
- Customizable Labels: show or hide price and level descriptions directly on the chart.
- Visual Styling: fully adjust the line color, line style (solid, dash, dot), and line width to match your chart template.
Input parameters
- Swing Period (Bars): number of bars used to determine a valid swing high or low.
- Lookback Bars: maximum number of historical bars analyzed to find the anchor points.
- Show Labels: enable or disable the text labels showing the Fibonacci level and price.
- Ray Right: extend the Fibonacci lines to the right edge of the chart and beyond.
- Line Color: color of the Fibonacci lines.
- Line Style: style of the lines (Solid, Dash, Dot, DashDot, DashDotDot).
- Line Width: thickness of the lines.
Installation
Copy the .ex5 file to MQL5/Indicators/. Restart MetaTrader 5 or refresh the Navigator, then drag the indicator onto a chart.
Compatibility
MetaTrader 5. All symbols. Works on any chart timeframe.
