Drag Fib MT4
- Indicators
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Part-time Day Trader
I build practical MT4 and MT5 tools that help traders follow consistent execution routines with more structure, discipline, and confidence.
Because consistency is the real edge behind any trading strategy — and without it, no strategy works. - Version: 3.4
- Updated: 17 July 2026
- Activations: 8
Place Fibonacci retracement levels with speed, consistency, and wick-to-wick precision.
Drag Fib lets traders place Fibonacci levels on a selected trend leg using a simple vertical drag line. As the trend leg extends, the Fibonacci levels update automatically.
Try and test Drag Fib directly in the Strategy Tester by downloading the demo version.
Built for Traders Who Want To:
- Place Fibonacci retracement levels faster than with the standard MetaTrader Fibonacci tool.
- Maintain more manual control than with fully automatic Fibonacci tools.
- Place Fibonacci levels with precise wick-to-wick accuracy.
What Drag Fib Does:
Drag Fib combines the speed of an automatic Fibonacci tool with the control of manual trend-leg selection.
Click the button to display the vertical drag line. Move the line to the selected trend leg, and the tool automatically places the Fibonacci retracement from wick to wick.
The levels remain locked when changing timeframes. The Fibonacci levels also readjust automatically when the selected trend leg extends.
Key benefits
Place precise wick-to-wick Fibonacci levels in seconds: Use the vertical drag line to create accurately aligned retracement levels faster than with the standard MetaTrader Fibonacci tool.
Reduce repetitive chart work: Avoid manually dragging and readjusting Fibonacci levels again and again.
Keep levels across timeframes: Fibonacci levels remain unaffected when switching timeframes, to keep the same levels on other timeframes.
Save levels per symbol: When scrolling through multiple symbols in the same chart window, active Fibonacci levels are stored separately for each symbol.
Main features
7 Customizable Fib Levels
Customize each Fibonacci level individually, including ratio, line width, and line style.
Quick On / Off Button
Use the chart-corner buttons to show, reset, or remove the Fibonacci levels when needed.
Multi-Symbol Fib Memory
Fib levels are saved per symbol, making it easier to work across multiple charts and markets.
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. To remove or reset a lost Fib, clear the Fibonacci structure first, then place it again.
Notes and Limitations
Drag Fib is designed for drawing Fibonacci levels on recent price action. It is not intended for backtesting older historical moves.
