FiboRetracementLevels.mq4 - MetaTrader 4 Script - MT4/MT5 Resources
The Fibonacci Retracement Levels indicator plots Fibonacci retracement levels on a trading chart.
Version 2: Add price tags on each Fibonacci level.
I have fixed the error in Code Fibonacci Retracement Levels Indicator Version 2.
Attachment download
📎 FiboRetracementLevels.mq4 (20.96 KB)
📎 fiberetracementlevels_v2.mq4 (14.11 KB)
Source: MQL5 #11133
FiboRetracementLevels.mq4 - MetaTrader 4 script usage and screening recommendations
FiboRetracementLevels.mq4 - MetaTrader 4 script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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