A very complete Fibonacci indicator for MT4 that provides support/resistance levels and entry signals with daily long and short targets.
It can be used on all currency pairs and time frames up to the 4 hour charts.
Trading Signals
BUY: Go long above the intraday long level with targets daily long 1 and daily long 2.
SELL: Go short below the intraday short level with targets daily short 1 and daily short 2.
Download
Download the Daily Fibonacci.mq4 indicator.
Configurable Indicator Options
Colors
USD/CAD 1 Hour Chart Example
How to install the Daily Fibonacci custom indicator in Metatrader 4?
- Download the Daily Fibonacci.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.