AutoFibAutoTrend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator plots price channels and Fibonacci levels based on the latest ZigZag peak.

Indicator input parameters:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
//---- Input parameters of zigzag adjustment wave
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // ZigZag indicator time range used for calculation
Input integer external depth = 12 ; Input integer external deviation = 5 ; Input integer expansion back step = 3 ; //---- Indicator display settings
Enter Mr. String name = "Auto Fibonacci Trend" ; // Name of the indicator label
input boolean display Fib = true ; input color fiber color = red blood cells ; input units fibonacci size = 1 ; //----
Input boolean display FibFan= true ; input color FibFanColor= clr medium sea green ; input unit FibFanSize= 1 ; //----
Input Boolean value Show Trend = True ; Input Color Popular Color = Clear Blue ; Input Unit Trend Size = 5 ;

This indicator requires the compiled ZigZag_NK_Color.mq5 indicator file. Place it in <terminal data folder>\MQL5\Indicators.

Figure 1. AutoFibAutoTrend indicator

Attachment download

📎 zigzag_nk_color.mq5 (11.67 KB)

📎 autofibautotrend.mq5 (16.52 KB)

Source: MQL5 #15973