Skip to content

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 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.