Simple FIbo MT5
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# Simple Fibo MT5 - Professional Fibonacci Indicator
A lightweight and efficient Fibonacci retracement indicator designed for professional traders who need clean, automatic technical analysis without chart clutter. This indicator automatically identifies swing highs and lows, draws Fibonacci levels, detects key Support/Resistance zones, and displays a real-time candle countdown timer.
Perfect for day traders, swing traders, and scalpers who rely on Fibonacci retracements and key price levels for their trading decisions.
## Key Features
### Automatic Fibonacci Retracement
- **Smart Detection**: Automatically identifies the most recent swing high and swing low using fractal analysis
- **Standard Levels**: Displays all major Fibonacci levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%)
- **Dynamic Updates**: Levels adjust automatically as new swing points form
- **Timeframe Adaptive**: Works seamlessly on any timeframe from M1 to MN1
- **Clean Visualization**: Thin, non-intrusive lines that do not clutter your chart
### Support & Resistance Detection
- **Fractal-Based S/R**: Identifies key support and resistance levels from historical fractal points
- **Touch Strength**: Only displays levels with a minimum number of touches (configurable)
- **Smart Filtering**: Automatically groups nearby levels to avoid redundancy
- **Visual Clarity**: Thin dashed lines that provide information without visual noise
- **Level Labels**: Shows price and touch count for each S/R level
### Real-Time Candle Timer
- **Countdown Display**: Shows remaining time for the current candle to close
- **Format**: MM:SS display for easy reading
- **Customizable Position**: Adjust X/Y coordinates to place anywhere on your chart
- **Adjustable Style**: Change color and font size to match your chart theme
## Fully Customizable
### Fibonacci Settings
- Fractal bars period (sensitivity)
- Line color, style, and width
- Show/hide labels
- Lookback period
### Support & Resistance Settings
- Lookback period (bars to analyze)
- Minimum strength (number of touches)
- Resistance color
- Support color
- Line style and width
### Timer Settings
- Show/hide timer
- Color customization
- Font size adjustment
- Position (X/Y coordinates)
## How to Use
1. **Attach to Chart**: Drag the indicator onto any chart and timeframe
2. **Automatic Analysis**: The indicator immediately identifies swing points and draws Fibonacci levels
3. **Monitor S/R Levels**: Watch for price reactions at key support and resistance zones
4. **Time Your Entries**: Use the candle timer to time your entries/exits precisely
5. **Customize**: Adjust colors, styles, and parameters to match your trading style
### Trading Applications
- **Retracement Trading**: Enter trades at key Fibonacci levels (38.2%, 50%, 61.8%)
- **Breakout Trading**: Watch for breaks above resistance or below support
- **Confluence Zones**: Identify areas where Fibonacci levels align with S/R
- **Timing**: Use the candle timer to avoid entering too early or too late in a candle
## Why Choose Simple Fibo MT5?
- **Lightweight & Fast**: Minimal CPU usage, no lag even on lower timeframes
- **Clean Interface**: No visual clutter - only essential information
- **Automatic Updates**: Levels adjust dynamically as market structure changes
- **Professional Design**: Coded with best practices for stability and performance
- **Multi-Timeframe**: Works on all timeframes from M1 to MN1
- **Easy to Use**: No complex settings - works great with default parameters
- **No Repainting**: Fibonacci and S/R levels are based on confirmed fractals
## Technical Specifications
- **Platform**: MetaTrader 5
- **Type**: Chart Indicator
- **Timeframes**: All (M1, M5, M15, M30, H1, H4, D1, W1, MN1)
- **Assets**: Forex, Stocks, Indices, Commodities, Cryptocurrencies
- **Language**: English
- **Version**: 1.00
## Perfect For
- Day traders looking for precise entry/exit points
- Swing traders identifying key retracement levels
- Scalpers who need clean charts with essential information
- Price action traders who rely on S/R and Fibonacci
- Traders who want automatic analysis without manual drawing
**Developed by Gori Germán Pablo © 2026**
*Professional trading tools for serious traders*
