fibonacci - Indicator for MetaTrader 4

The indicator allows monitoring the situation in the market and identifying the most favorable point for opening and closing of trading orders. Its operation is based on the use of Fibonacci tools and the vibrations of the ZigZag indicator.

The possibilities of iFibonacci include:

• Monitoring of ZigZag indications;
• Reflection of the highs and lows of the price over different periods (day, week, month, etc.) and the reference pivot point;
• an opportunity to work on different time frames;
• constructing a triangle on the last 6 points of ZigZag.

In the indicator’s settings, you can show/hide any tool of Fibonacci (arc, fan, expansion, etc.) or additional levels (14.6,88.6,127,2, etc.). You can also change the display styles of the selected tools, color, and width of lines.