The Auto Fibonacci Retracement Indicator MT4 is designed to automatically draw Fibonacci retracement levels on the main chart of MetaTrader 4. The Indicator calculates and displays lines on the key Fibonacci levels—23.6%, 38.2%, 50%, and 61.8%. which are potential price reversal points.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for indication of Fibonacci retracement levels.
Indicator Settings
How to Install Auto Fibonacci Retracement Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
