Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
Automatically draws Fibonacci retracement and extension levels based on the most recent ZigZag swing high and low. Updates dynamically as new swing points form.
Features:
- Levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, 127.2%, 161.8%
- Each level individually toggleable
- Price labels at every level
- Optional ZigZag connector line
- Configurable ZigZag depth/deviation/backstep
- Performance optimized — recalculates on new bars only
Fibonacci ratios are the foundation of harmonic pattern trading.
Never miss news-driven moves – use the News OCO Expert Advisor to place pending orders safely around economic releases. Find out more.
Level up your trading with professional RobotFX expert advisors and indicators. Visit www.robotfx.org for proven MT4/MT5 tools.
70539
