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Free Automatic Fibonacci MT5


Free automatic fibonacci is an index which plots a fibonacci retracement based on these amount of pubs you pick on the BarsToScan setting from the index. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can choose which level values to be displayed in the index preferences. You can also pick the color of the amounts thus enabling the dealer to be able to attach the indicator several times with different settings and colours. The settings are explained below:

  • BarsToScan – set number of bars for the indicator to check for values
  • Level_1 – First level of the fibonacci
  • Level_2 – Second level of the fibonacci
  • Level_3 – Third level of the fibonacci
  • Level_4 – Fourth level of the fibonacci
  • Level_5 – Fifth level of the fibonacci
  • Level_6 – Sixth level of the fibonacci
  • LevelsColor – Setting to customise the color of the fibonacci levels
  • FiboName – Setting for the name of the fibonacci. If you attach several times then each fibo should have a different name.
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