IFibonacci MT5
- Indicatori
- Marco Engstermann
- Versione: 1.0
Fibonacci MT5
Converted from MT4, Optimized MT5 Version. original MT4 code by Awran5 https://www.mql5.com/en/code/14393
Non-Repainting Fibonacci Tool for MT5
Professional Fibonacci indicator with a stable non-repainting swing detection engine.
Main Functions
Custom Swing Detection Uses proprietary Reverse-Scan plus Peak-Climbing algorithm to find reliable swing highs and lows without repainting Includes right-side priority for equal highs and lows Supports AutoSwingDepth per timeframe or manual setting
Fibonacci Tools
Fibonacci Retracement with standard levels plus optional extra levels 146 236 764 886 1272 and price labels option
Fibonacci Arc with auto scaling
Fibonacci Fan Fibonacci Time Zones based on
Fibonacci sequence Fibonacci Expansion with 3-point projection and optional extra levels
Market Structure Lines
Daily High and Low
Weekly High and Low
Monthly High and Low Daily Pivot Point
Visual and Alert Features Pending Swing markers to show unconfirmed extremes
Fibo Level Touch Alerts with sound and popup adjustable tolerance
Key Settings
Show or hide any tool individually Adjustable colors line styles and widths for all elements
Auto or manual swing depth
Option to use swings from a different timeframe
Extra levels for Retracement Arc Fan and Expansion
Fully optimized for MT5 with efficient object handling and caching for smooth performance on all timeframes.
This indicator draws all Fibonacci projections based on confirmed non-repainting swing points
Suitable for trend trading retracement entries target projection and confluence strategies
Note Pure graphical indicator.
Disclaimer
This indicator is provided for informational purposes only and does not constitute financial advice. Past performance calculated using historical data does not guarantee future results, and trading involves risk of loss. Always test the product in a demo account, combine it with appropriate risk management, and consult a professional advisor if necessary. The developer assumes no liability for any trading decisions made based on this tool. Translations are available via MQL5 tools for global accessibility.
