Drag Fib MT4

Place Fibonacci retracement levels with control, consistency, and wick-to-wick precision.
Drag Fib combines the speed of an automatic Fib tool with the flexibility of letting the trader choose the exact trend leg to trade from.

Simply drag a vertical line onto the chosen trend leg, and the Fibonacci retracement is placed automatically. As the trend extends, the levels adjust with it, helping traders keep the same structure on the chart while planning alerts, entries, targets, or trade decisions.

This makes Drag Fib useful for Set and Forget trading workflows where the goal is to plan trades strategically, step away from the screen, and return only when action is needed.

Who this tool is for:

Traders who frequently use Fibonacci retracement levels.

Traders who want faster Fibonacci placement than MetaTrader’s built-in tool.

Traders who want manual control without relying on a fully automatic Fibonacci tool.

Traders who use Fibonacci levels for pullbacks, targets, or planned decision points.

Key benefits

• Place accurately aligned Fibonacci retracement levels in seconds

• Keep full control over the chosen trend leg, instead of relying on a fully automatic selection

• Reduce repetitive manual chart work

• Let the Fibonacci levels adjust automatically as the selected trend leg extends

• Keep levels locked when changing timeframes

• Built-in Fib memory supports multi-symbol scrolling.

Main features

Drag-Line Fibonacci Placement
Show the drag line, move it just to the left of the chosen trend leg, and let the tool place the Fibonacci retracement automatically.

Automatic Trend Extension Updates
When the selected trend leg extends, the Fibonacci levels update with it.

7 Customizable Levels
Customize each level individually, including ratio, width, and style.

Quick Fib/Clear Button
Use the Fib button in the chart corner to show or remove the fib when needed.

Multi-Symbol Memory
Each symbol keeps its own Fibonacci position, so levels stay correct while scrolling through symbols.

How to use

1. Attach the tool to the chart.

2. Click the Fib button to show the vertical line, then drag it onto the trend leg.

3. Drop the line when the Fibonacci levels are aligned with the chosen trend.

4. As the trend extends, the retracement updates automatically.

5. Click Clr Fib to remove the Fibonacci. Click Fib again to reset it.

Notes and Limitations