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Automated Fibonacci Retracement Indicator

Fibonacci retracement is an object or function that is often used by traders to determine values of fibonacci levels. When to open position, where is the breakout or limit point, stop loss position and take profit position can be determined based on fibonacci levels. But commonly, this object only can be used manually in Metatrader 4 (MT4). 

Therefore we need an indicator of fibonacci retracement. The use of indicator will make decision making easier, faster, and more consistence.

We recommend testing the indicator in the back test before making a purchase.

Automated Fibonacci Retracement Indicator is an indicator that can be used to determine trend direction and values of fibonacci levels but it doesn't provide in the MT4 platform.

This indicator can be used on many pairs and all timeframes as well.

This indicator is consist of Moving Average indicator and other calculations are needed.

In this indicator you can choose to use Moving Average function or not.

This indicator can choose the best position, range and values of Fibonacci Retracement.

You can combine this indicator with other indicator based on your trading style.

Try this indicator and define how good the results of this indicator!

Main Inputs

  • EMA_1_Period
  • EMA_2_Period
  • Max_History_Bars
  • Using_EMA_Filter

Other Inputs:

  • Bullish_Fibo_Color
  • Bearish_Fibo_Color
  • Buffers_Size
Trading wisely with always using money management strategy! Good Luck!!!


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The last optimized of LT Gzeta EA MT4 version 1.4 has been done on 9 October 2024. The optimization in many functions and strategies has been done. LT Gzeta EA MT4 is an expert advisor that works based on simple support resistance, chart pattern, time cycle and ATR calculations. This EA is a free version of Zeta EA MT4 because the main strategy is same. In the LT Gzeta EA MT4 Expert Advisor, the setup features is limited, few open positions but fairly good perfomance. LT Gzeta EA MT4 can only wo
FREE
LT Triple Support Resistance Screen Method is a kind of levels indicator that consist of three SR lines. It is built by MQL4 programming language and can be used to MT4 platform.  A free version indicator to determine the support and resistance levels easily This indicator works based on the screen method to calculate the most appropriate value for each buffer. A complex algorithm based on long research is applied to this free custom indicator. But this indicator has limited features and simpler
FREE
Moving Average is one of the indicators that is widely used in technical analysis which can help to smooth price movements by eliminating some price fluctuations that are less relevant based on past price calculations, so that an average line of price movements is formed within a certain time period. Simple Moving Average Over Flow is an indicator writen by MQL$ language that is given a special additional moving average line based on certain calculations so as to make this moving average better
FREE
The ASRS is a powerful support and resistance custom indicator that can help traders determine the level of support and resistance values. This indicator is built using the MQL4 programming language and is used in the MetaTrader 4 platform. Metatrader 4 (MT4) doesn't provide any support and resistance indicator, making ASRS an essential tool for traders. This indicator also suitable for all time frames and all markets, including indices, forex, and more. ASRS can works intelligently and accurat
Exponential moving average (EMA) and super trend are popular and good indicators that is often and used to determine the trend direction. One of the best trading strategies with trailing stop is trading strategy with using a combination of Exponential Moving Average (EMA) and Super Trend indicators. EMA SuperTrend Strategy Indicator is the indicator consist of  EMA, Super Trend and Alert function also other calculations are needed. It's also has extra indicator there are Automated Fibonacci Retr
Zeta EA MT4 is an expert advisor that built based on complex algorithm like chart patterns, simple support resistance, automatic lots function and others functions. The last optimized of Zeta EA MT4 version 1.14 has been done on 11 October 2024. The optimization in many functions and strategies has been done. This EA uses the same trading strategies for all currency pairs on the time frame D1 and has been tested theoretically and practically through backtesting in many pairs (currencies) and tim
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