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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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1 (1)
One of the main definitions for monitoring the currency market is the trend. The Trins indicator is designed to display the trend in a visual form. Trend is a stable direction of price movement. To find it, the indicator uses calculations designed to smooth out sharp fluctuations that do not affect the overall picture of price movement. The trend can be increasing (bullish trend) and decreasing (bearish trend). In most cases, the trend is growing for a long time and drops sharply, but in all
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Eko Baskoro
5 (1)
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