Auto Fibo Swing Target mt4

Automatic Fibonacci swing tool with one-click TP targets. Detects the main swing, inner swing and local swing, and projects TP1-TP4 from the current correction (50 / 61.8 / 75 / 100%).

Auto Fibo Swing Target is an automatic Fibonacci tool that measures market swings for you and projects clear Take Profit targets from the current correction. No more dragging Fibonacci lines by hand - one click and the levels are on the chart, updated in real time as price develops.

HOW IT WORKS

The indicator finds the dominant swing in the selected range (the lowest low and the highest high, whichever came last) and builds Fibonacci levels on it. When price corrects from the swing extreme, it projects Take Profit targets from the correction low (or high) back toward the swing extreme. If the correction breaks the swing start, the anchor automatically jumps to the next deeper low/high, so the measurement always stays valid.

FOUR MODES - ONE CLICK EACH

1. Swing Fibo - the main swing from low to high (or high to low) with 0%, 50%, 61.8%, 75% and 100% levels. Detects double bottoms / double tops using an adjustable equal-level tolerance.

2. Inner Swing - the last wave inside the main swing, with its own Fibonacci levels. Ideal for timing entries within a larger move.

3. Correction TP - Take Profit targets projected from the current correction:

   - TP1 = 50%

   - TP2 = 61.8%

   - TP3 = 75%

   - TP4 = swing high / swing low

   Includes correction size in pips and correction depth as % of the swing.

4. Local Swing - the most recent small swing after the extreme, with 0-100% levels and an optional extension level (default 127.2%). The low can be confirmed by candle close or by wick.

KEY FEATURES

- Fully automatic swing detection - no manual drawing

- Automatic re-anchoring when a swing start is broken

- Swing size and correction size shown in pips

- Range based on a fixed number of bars or on the bars currently visible on the chart

- Compact control panel: place it in any chart corner, adjust X/Y offset, collapse it with one click

- Button states are remembered per chart

- Fully customizable colors, line styles, widths, label positions and font sizes

- Works on any symbol: Forex, gold, indices, crypto, commodities

- Works on any timeframe from M1 to MN1

- No DLL, no external connections

INPUT PARAMETERS

Swing range

- Use visible bars - measure the swing on the bars visible on the chart

- Swing bars - number of bars back from the current bar

- Equal lows/highs tolerance - % of the swing used to detect double bottoms/tops

- Pivot strength - bars on each side required to confirm a pivot

- Inner swing retracement - minimum retracement that defines a new wave

Visual settings

- Separate colors, styles and widths for Swing Fibo, Inner Swing, Correction TP and Local Swing

- Label position (left / center / right), label color and size

- Line extension to the right and label gap

Panel

- Corner, X offset, Y offset, width

HOW TO USE

- Turn on Swing Fibo to see where price is within the current swing and where the key 50% / 61.8% / 75% zones are.

- Turn on Correction TP after a pullback to see realistic targets for the next move.

- Use Inner Swing and Local Swing on lower timeframes to refine entries and stop placement.

The indicator does not open trades. It is an analytical tool that helps you read swing structure and plan targets. Always combine it with your own trading plan and risk management.