"AutoFibo" MT4 Indicator

​This MT4 indicator automatically draws Fibonacci levels. It should make trading easier and be quite useful, especially if you trade often with both Fibonacci retracements and extensions.

automatic Fibonacci Levels indicator metatrader 4
Example displayed on the EuroDollar hourly chart

​How the indicator works:

This indicator first automatically detects the high and low values ​​of the chart. After this, the Fibonacci level is drawn based on the high and low prices (see the image below).

mt4 indicator Fibonacci drawing metatrader

How to use Fibonacci levels:

This indicator automatically draws the Fibonacci levels, but some people may not know yet how to use the Fibonacci levels in the first place.

You can read these articles to learn more about the Fibonacci retracements and extensions:
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Compatibility: MT4

Parameters:

  • None

Download the "AutoFibo" MT4 indicator from the button below

free download


Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Try WinRAR for Windows or The Unarchiver for Mac .


Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.





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