Question - Forex Forexqna Fibonacci Indicator

Is it possible to set the fibo price automatically?

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2 Answers
Alberto Rama
Answered 1 year ago
<p id="isPasted">The very prolific coder Waddah Attar created a fantastic but simple little indicator which adds price info to each line of a Fibonacci Retracement object. His original version of Set_Fibo_Price_Any.mq4 is found at: <a href="http://codebase.mql4.com/1003" target="_blank" rel="noopener noreferrer">http://codebase.mql4.com/1003</a></p><p>However, I created Set_Fibo_Price_Any_V2.mq4, which enhances his already great tool by adding prices to Fibo Expansion objects as well. I also added an option to use a slightly more compact format, or you can use his original format. When you add multiple fibos to a chart, or use small chart windows, the more compact format is a slight advantage. Waddah's format is perhaps slightly more readable, …</p>
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Kristen Allison
Answered 1 week, 4 days ago
<p id="isPasted">Yes, it is possible to set Fibonacci price levels automatically across all major trading platforms. While the standard drawing tool requires you to manually select the "swing high" and "swing low," most modern platforms offer Auto Fibonacci indicators that use algorithms to identify these points for you.&nbsp;</p><p><strong>1. TradingView</strong></p><p>TradingView has a built-in Auto Fib Retracement indicator that identifies the most recent significant high and low points and continuously updates them as new price action occurs.&nbsp;</p><ul><li>How to add: Click the Indicators button, search for "Auto Fib Retracement," and select the one in the "Technicals" tab.</li><li>Customisation: You can adjust …</li></ul>
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