Automatic Fibonacci Line MrVB - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The AutoFibLinesMrVB indicator automatically plots Fibonacci levels on the chart. Including Fibonacci channels.
The rows have percentage values and prices.
Available Fibonacci levels: 0.0%, 14.6%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4%, 100.0%, 123.6%, 138.2%, 150.0%, 161.8%.
You can set the line color from parameters.
You can set the search bar parameters - the number of bars to start getting the lowest and highest points.
Attachment download
📎 autofiblinesmrvb.mq4 (10.24 KB)
Source: MQL5 #21516
Automatic Fibonacci line MrVB - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Automatic Fibonacci line MrVB - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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 only on titles or short-term profit descriptions.
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