Fibonacci Retracement Indicator for MetaTrader 4 is a very useful indicator.
Indicator displays Fibonacci lines in the main chart window. The Indicator calculates and displays lines on the most important Fibonacci levels: 23.6, 38.2, 50, and 61.8. Fibonacci Retracement Indicator for MetaTrader 4 can display three different Fibonacci levels at the same time based on price range. Easy to use and read, help with entry market decisions, and can be helpful with any Forex strategy. The Indicator can be used by traders on all levels of experience.
Custom Technical Indicators installation:
Download indicator (.ex4 format) and place files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
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