New free code from MQL5: indicators, EAs, and scripts for traders.
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.
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