Best Fibonacci indicator for MetaTrader 4 – Download FREE

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4xPip Best Fibonacci indicator for MetaTrader 4 automatically applies Fibonacci retracement and extension levels, streamlining the process of identifying support, resistance, and price targets for traders. It simplifies and enhances your Fibonacci analysis in MT4.

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What is the Fibonacci Trading Strategy? The Fibonacci trading strategy involves analyzing and executing trades based on the Fibonacci sequence, where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, etc.). Traders use Fibonacci retracements to identify likely support and resistance levels in an asset’s price movement. These levels are determined by measuring vertical distances between price highs and lows and dividing them by key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%). When a price retraces to one of these levels following a significant upward or downward movement, it may suggest a potential trend change, guiding traders in their buying or selling decisions.

What is Fibonacci retracement and extension?

Fibonacci retracement and extension are technical tools employing horizontal lines to pinpoint potential support and resistance levels in an asset or security’s price trajectory. Traders utilize Fibonacci ratios to forecast retracement or extension zones by tracing price swings from high to low. Retracement levels indicate support or resistance zones, while extension levels signal potential profit-taking areas.

The Fibonacci sequence holds relevance in financial markets as it identifies potential support and resistance levels for asset prices. Derived by summing the previous two numbers (starting from 0 and 1), it assists traders in pinpointing areas where price movements may stall or reverse. These levels often align with significant psychological levels in trading, guiding traders in decision-making processes like entering or exiting positions.

The 4xPip Best Fibonacci indicator for MT4 simplifies Fibonacci retracements by automatically plotting them on the chart. Users can adjust the position of the retracements by dragging the diagonal line. When the chart period changes, the retracements recalculate automatically. Additionally, the indicator draws Fibonacci extensions, filtering out flat market phases and focusing only on active price movements.

Fibonacci extensions help determine the potential depth of retracement relative to the primary trend, identifying pivotal points from which the trend is likely to resume. Unlike some indicators, the Fibonacci levels remain unchanged when switching timeframes, ensuring consistency. This versatility makes the indicator valuable for traders employing various trading styles across different timeframes.

Moreover, the indicator provides insights into the sentiment of Forex market participants, aiding in predicting potential price movements. This comprehensive functionality makes it a valuable tool for traders of all experience levels and trading strategies.

Fibonacci levels

The Fibonacci extensions are represented as percentages and calculated by setting the Fibo grid from 0% to 100% to display values like 23.6%, 38.2%, 50.0%, and 61.8%. These values help draw six Fibonacci levels:

  1. 100% marks the starting point for Fibonacci levels.
  2. 61.8% is the “golden ratio,” often paired with 50% for potential pivot points.
  3. 50% frequently coincides with pivot formations as traders secure profits.
  4. 38.2% witness pivot formations when traders are active and confident.
  5. 23.6% rarely sees pivot formations as traders often wait for deeper retracements.
  6. 0% marks the endpoint for Fibonacci levels.

These levels are extensively applied in forex, stocks, and cryptocurrency trading to inform trading decisions and enhance success rates.


Formulas for Fibonacci retracement levels are as follows:

UR = High price – ((High price – Low price) × percentage) in an uptrend market

UR = Low price + ((High price – Low price) × percentage) in a downtrend market


UR = uptrend retracement;

DR = downtrend retracement

The percentage values correspond to various Fibonacci retracement levels, including 23.6%, 38.2%, 50%, 61.8%, 76.4%, 100%, 138.2%, or 161.8%.

How to Trade with MT4 Best Fibonacci Indicator?

Asset or security prices don’t move straight up or down; they often pause and resume their trend. Fibonacci retracement levels help identify these pauses, showing where prices might find support or resistance before continuing in the trend’s direction. You can use this to time your trades better and set automatic entry points.

Fibonacci retracement levels can guide your decisions on trading with or against the trend. They help place Stop Loss and Take Profit orders.

  • Stoploss orders are often set just beyond the next Fibonacci level after buying or selling an asset or security to minimize losses if the trend reverses.
  •  Traders typically wait for prices to bounce off Fibonacci levels before entering a trade, but some take a more aggressive approach and enter without waiting for confirmation.
  • In either case, Fibonacci retracement levels can help set Stoploss orders to protect against adverse movements.
  • Takeprofit orders are placed at resistance levels, with some traders closing part of their trade at each Fibonacci level touched by the price.

This strategy helps secure profits while allowing for potential further gains.


  • Automatic Calculations: Skip manual plotting! Best Fibonacci indicator automatically detects swing highs and lows, calculating and drawing key Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, etc.) on your charts.
  • Dynamic Updates: As the price fluctuates, it adjusts the levels in real time, ensuring you stay informed about potential support and resistance zones.
  • Simplified Interface: This indicator presents Fibonacci levels clearly without cluttering your charts. You can concentrate on price action and trade setups.
  • Customizable Appearance: Tailor the indicator to your preferences. Change line styles, colors, and text labels for optimal clarity.
  • Save Time: Eliminate the time-consuming process of manual Fibonacci placement. This indicator frees you up to focus on analysis and trade execution.
  • Improve Accuracy: Automated calculations minimize human error in level placement, ensuring a more precise technical analysis.
  • Lightweight Design: It maintains smooth performance without weighing down your MT4 platform.
  • Free to Use: This powerful tool is available for download at no cost, empowering every trader with the benefits of Fibonacci analysis.


4xPip Best Fibonacci Indicator for MetaTrader 4 simplifies your technical analysis by automating Fibonacci level calculations and providing a clear visual representation on your charts. This translates to saved time, improved accuracy, and a more efficient trading experience. Download it for free today and experience the difference firsthand.

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  • Level1: Defines the starting point for placing Fibonacci levels, typically set at 100%.
  • Level2: Represents the 61.8% Fibonacci retracement level.
  • Level3: Indicates the 50% Fibonacci retracement level.
  • Level4: Specifies the 38.2% Fibonacci retracement level.
  • Level5: Denotes the 23.6% Fibonacci retracement level
  • Fib Line Color: Adjusts the color of the Fibonacci levels.
  • Fib Line Style: Adjust the style of fibo levels.
  • Fib Line Width: Choose the width of the fibo levels


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Q & A

Do professional traders use Fibonacci? Emery Johnson asked on May 19, 2024

Fibonacci retracements are a tool virtually every forex trader incorporates into their trading journey. While some may utilize them occasionally, others consistently integrate them into their trading routine.

Customer Support answered on May 19, 2024 store manager
(0) (0)
What is the golden zone in Fibonacci? Rowan Yu asked on May 19, 2024

The Fibonacci Golden Zone represents a pivotal region on price charts, indicating possible stabilization or reversal zones following substantial market shifts. It's characterized by the 61.8% and 50% Fibonacci retracement levels, which serve as essential areas for determining target prices and setting stop-loss orders. Thus, the Fibonacci Golden Zone offers versatility in trading strategies.

Customer Support answered on May 19, 2024 store manager
(0) (0)

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