Auto Fibonacci indicator


Auto Fibonacci indicator for MetaTrader 4 is trend and entry indicator which is suitable for all major Forex pairs. The preferred timeframe will be M5 or higher. Also, it generates enough valid entries per pair per day.

Using Auto Fibonacci indicator

This indicator can be used in any currency pairs and on any time frame, but preferably on higher time frames. Moreover, it’s relatively easy to trade with Auto Fibonacci indicator.

Buy Scalp trade 3 box check, Superscalper 5 blue line, Market watch green bar.

Sell Scalp trade 3 box check, Superscalper 5 red line.

Auto Fibonacci indicator

Settings and Input Parameters

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many because parameters are grouped into self-explanatory blocks.

Indicator Settings: The amplitude represents the size of the patterns. The max. history bars parameter is a number of bars in the chart to look back. Fewer bars to evaluate means the indicator will load faster.

Patterns: Choose the colors of the patterns.

Breakouts: The indicator implements breakouts to make trading easier. Moreover, you can select the breakout period (in bars) and the color of the arrows to be displayed in the chart.

Alerts: Enable or disable alerts at will.

Want to trade with this auto Fibonacci indicator? Open a free account with AtoZ Markets approved forex brokers:

How to download and install an indicator?

In order to install the indicator on your MT4 platform, you need to follow these steps:

  1. Click on the “Download Indicator” button located at the bottom of the post.
  2. Save the file to your computer.
  3. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select the "NAME_template" to apply it on the chart.

Note:This indicator was developed by third-party. AtoZ Markets does not carry any copyrights over this trading tool.

Should you trade with Auto Fibonacci Indicator on your own at all?

Before you start trading with auto Fibonacci indicator, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

Want to see which ones?

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  4. Aman Butt says:

    the download is not showing 3 check bar or super bar. only fibo levels. should we use it with by default setting? thanks

    • Aman says:

      Thanks for downloading the indicator from AtoZ's Indicator directory. Yes, you can use it with default settings. For 3 check bar, you will need to add an additional indicator.

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