Fibonacci Double Moving Average - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources

New updated version. Free download from this link: Double MA with Fibonacci Special Time Frame

Fibonacci Double Moving Averages is a custom MQL4 indicator designed for traders looking to combine trend following and support/resistance tools in a single package. It utilizes two customizable moving averages to generate buy and sell signals based on their intersections. When the faster moving average crosses the slower moving average, a buy signal is indicated by a visual arrow; conversely, a downward crossover generates a sell signal. These signals help traders identify trend changes and entry opportunities.

In addition to the moving average crossover, the indicator integrates Fibonacci alternative levels and optional Fibonacci fan lines derived from recent swing highs and lows. These Fibonacci tools act as dynamic support and resistance areas, helping traders spot potential reversal or continuation areas.

Attachment download

📎double_ma_fibonacci.mq4 (9.17 KB)

Source: MQL5 #60016