Fibonacci Trend Indicator
- Индикаторы
- Vinoth Durairaj Durairaj
- Версия: 1.1
- Обновлено: 23 апреля 2025
Fibonacci Trend Indicator for MT5
Unlock the power of Fibonacci analysis on your MetaTrader 5 charts!
Our Fibonacci Trend Indicator automatically plots dynamic support and resistance levels so you can spot trends, reversals, and breakout opportunities at a glance.
Features & Advantages
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Automatic Fibonacci Levels
Instantly displays seven key Fibonacci retracement levels based on the highest and lowest prices from your chosen lookback period — no manual work required. -
Dynamic Trend Adaptation
Levels adjust with each new bar to provide the most current view of the market, helping you make decisions in real time. -
Clear, Color-Coded Lines
Each Fibonacci level is color-coded and plotted with a bold, clear line for instant visual recognition, even on busy charts. -
Simple & Customizable
Change the analysis period (lookback) with a single parameter to match your strategy and timeframe. -
Ultra-Fast Performance
Lightweight code ensures minimal impact on your charting experience. -
Broad Application
Works for any instrument and timeframe on MT5.
Inputs (Parameters)
Parameter | Description |
---|---|
fiblookback | Number of candles used to calculate the highest high and lowest low. Default: 50. Adjust to fit your preferred analysis period. |
How It Works
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LooksBack:
Examines the last fiblookback candles to find the highest high and lowest low. -
Calculates Seven Levels:
Plots 0% (low), 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100% (high) lines. -
Stays Up-To-Date:
Auto-updates with every new bar, so your chart always shows the latest market structure.
Perfect For:
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Trend followers and breakout traders
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Swing traders using Fibonacci strategies
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Anyone wanting clean, no-fuss levels on their MT5 chart
Supercharge your trading with real-time Fibonacci insights. Install the Fibonacci Trend Indicator and discover clearer, smarter trades today!