Weekly Fibonacci Levels - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Calculation based on this week's opening price and last week's range.
Due to its nature, it is probably best suited for long-term traders.
Attachment download
📎 weekly_fibo_levels.mq5 (7.03 KB)
Source: MQL5 #20546
Weekly Fibonacci Levels - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Weekly Fibonacci Levels - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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