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QuickFib Metatrader 4 Indicator

QuickFib (Fibonacci) plots Fibonacci retracement levels on the MT4 charts.

It automatically calculates the 23.6%, 38.2%, 50.00% and 61.2% level for any currency move.

This is an awesome indicator if you like to buy dips in an uptrend or sell rallies in an downtrend.

Trading Signals

BUY: In uptrends: Wait for the pair to fall back to the 38.2% level. Look here to buy.
SELL: In downtrends: Wait for the pair to rally back to the 38.2% level. Look here to sell.

Use in conjunction with other trading tools to pin-point you entries.

Take a look at the EUR/JPY picture below.

You would be looking for buy signals around the 115.60 level (38.2%).

Download

Download the QuickFib.mq4 indicator

EUR/JPY Daily Chart Example

quickfib metatrader 4

How to install the QuickFib custom indicator in Metatrader 4?

  • Download the QuickFib.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.