Helpful indicator, thanks for the generosity.
Free automatic fibonacci
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with different settings and colors. The settings are explained below:
- BarsToScan - Set number of bars for the indicator to check for values
- Level_1 - First level of the fibonacci
- Level_2 - Second level of the fibonacci
- Level_3 - Third level of the fibonacci
- Level_4 - Fourth level of the fibonacci
- Level_5 - Fifth level of the fibonacci
- Level_6 - Sixth level of the fibonacci
- LevelsColor - Setting to customise the color of the fibonacci levels
- FiboName - Setting for the name of the fibonacci. If you attach several times then each fibo should have a different name.



Very useful for setting key levels. Much better than the stock MT4 fib indicator. It would be better if you would change the default colour from bright yellow to say, purple so I don't have to keep changing it every time I add it to a chart. Good work!

I think it's useful. I have won some trades using this as a help. Adjusts when I change time frames. Adjusts as price action exceeds low or high for the period. I like it. Would love this for Trading View. Great job!

EXACTLY what i was looking for!! thank you sooo much!!!

1 Star (20%) = Bad
2 Star (40%) = Undecided
3 Star (60%) = Acceptable
4 Star (80%) = Good
5 Star (100%) = Excellente!


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Great indicator just needs like 10 levels and alerts when touches certain levels to be spot on


I think it's useful. I have won some trades using this as a help. Adjusts when I change time frames. Adjusts as price action exceeds low or high for the period. I like it. Would love this for Trading View. Great job!