Fibonacci Retracement Indicator

🖥 Automatic Fibonacci Lines – The Fibonacci Retracement Indicator for MetaTrader 4 is a powerful tool that calculates and displays Fibonacci retracement lines directly on the main chart window.
🔢 Key Levels Calculation – It highlights the most important Fibonacci levels, including 23.6%, 38.2%, 50%, and 61.8%, which are widely used for identifying potential reversal points in price action.
📊 Multi-Level Functionality – The indicator can display up to three different Fibonacci retracement sets at once based on the selected price range, providing traders with multiple perspectives for analysis.
🛠 User-Friendly & Effective – Simple to use, even for beginners, and extremely helpful for determining potential entry and exit points in any Forex trading strategy.
🌍 Universal Compatibility – Suitable for all skill levels, all timeframes, and compatible with various trading systems, making it a versatile addition to any trader’s toolkit.

Input Settings & Controls

🔍 Main Calculation Settings

🔢 ExtDepth (30) – Minimum number of bars required to form a new high/low for Fibonacci calculation.
📐 ExtDeviation (5) – Deviation in price (in points) used to identify swings.
🔄 ExtBackstep (3) – Minimum distance (bars) between two consecutive highs or lows.

📊 Fibonacci Levels & Style

🎯 FiboLevels (0:23.6:38.2:50:61.8:100) – Key Fibonacci retracement levels displayed on the chart.
🎨 Fibo1Color (DodgerBlue) – Color for the first Fibonacci set.
📏 Fibo1Width (1) – Line thickness for the first Fibonacci set.
➖ Fibo1Style (2) – Line style (e.g., solid, dashed) for first Fibonacci set.
🏷 Fibo1LevelsStyle (0) – Style for Fibonacci level labels.

Second Fibonacci Set (Optional):

👀 ShowSecondFibo (false) – Enable or disable second Fibonacci set.
🎨 Fibo2Color (DarkSlateGray) – Color for second Fibonacci set.
📏 Fibo2Width (1) – Line thickness for second Fibonacci set.
➖ Fibo2Style (2) – Line style for second Fibonacci set.
🏷 Fibo2LevelsStyle (0) – Label style for second Fibonacci levels.

Third Fibonacci Set (Optional):

👀 ShowThirdFibo (false) – Enable or disable third Fibonacci set.
🎨 Fibo3Color (Goldenrod) – Color for third Fibonacci set.
📏 Fibo3Width (1) – Line thickness for third Fibonacci set.
➖ Fibo3Style (2) – Line style for third Fibonacci set.
🏷 Fibo3LevelsStyle (0) – Label style for third Fibonacci levels.

🔔 Alerts Settings

🔊 alertsOn (false) – Enable/disable alert notifications.
🎯 alertsTolerance (1.0) – Tolerance level for triggering alerts.
🖱 touchChannel (false) – Enable alert when price touches Fibonacci channel.
🟢 alertsOnCurrent (false) – Trigger alerts on current bar.
💬 alertsMessage (true) – Show alert messages on screen.
🔔 alertsSound (false) – Play sound alert.
📱 alertsNotify (false) – Send mobile push notification.
✉ alertsEmail (false) – Send alerts via email.
✅ alertsShowTouched (true) – Highlight Fibonacci level when touched.
🎵 soundFile (alert2.wav) – Sound file for alerts.

📉 Chart & Candlestick Settings

🔢 barsToShowCandles (1000) – Number of bars to display on the chart.
🟩 BarUpColor (Green) – Color for bullish candles.
🟥 BarDownColor (Red) – Color for bearish candles.
⚪ WickColor (Gray) – Color for candle wicks.
📏 CandleWidth (3) – Width of candlesticks.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

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