Drag Fib MT4

Place Fibonacci Retracements in Seconds—with Wick-to-Wick Precision.
Drag Fib combines fast automatic placement of full-automatic Fibonacci tools with manual control over the selected trend leg. A simple vertical drag line defines the move, and the tool places the Fibonacci retracement precisely from wick to wick.
As the trend extends, the levels update automatically. 

Built for Traders Who Want To

• Place Fibonacci retracements faster and more precise than with the standard MetaTrader tool
• Maintain more control than fully automatic Fibonacci indicators provide
• Achieve consistent wick-to-wick alignment
• Reduce repetitive drawing and readjustment
• Keep the same structure visible across multiple timeframes

What Drag Fib Does

Drag Fib turns Fibonacci placement into a fast, repeatable process.

Click the chart button to display the vertical drag line, move it onto the selected trend leg, and release it when the levels align with the intended move. The tool then places the retracement automatically from wick to wick.

The Fibonacci structure remains locked when switching timeframes and readjusts automatically when the selected trend leg extends.

Key Benefits

Precise Fibonacci Placement in Seconds
Create accurately aligned wick-to-wick retracement levels faster than with the standard MetaTrader Fibonacci tool.

Less Repetitive Chart Work
Avoid repeatedly dragging, repositioning, and correcting manually drawn Fibonacci structures.

Consistent Levels Across Timeframes
The selected Fibonacci structure remains unchanged when switching timeframes, allowing the same levels to be analyzed from different chart timeframes.

Separate Memory for Each Symbol
Active Fibonacci structures are stored per symbol, keeping levels organized when moving through multiple markets in the same chart window.

Core Features

Seven Customizable Fibonacci Levels
Configure each level individually, including its ratio, line width, and line style.

Quick On/Off Control
Use the chart-corner button to display, reset, or remove the Fibonacci structure within seconds.

Automatic Trend-Leg Extension
When the selected move continues, the retracement updates automatically to reflect the extended trend leg.

Multi-Symbol Fibonacci Memory
Fibonacci structures are saved separately for each symbol, supporting a cleaner multi-market workflow.

How to use

1. Attach Drag Fib to the chart.

2. Click the Fib button to display the vertical drag line.

3. Drag the line to the start of the chosen trend leg. 

4. Release it when the Fibonacci levels align with the intended move. Allow the retracement to update automatically as the trend extends.

5. Clear the structure with a button click.

Notes and Limitations

Drag Fib is designed for placing Fibonacci retracements on recent price action. It is not intended for analyzing older historical trend legs.