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AutoFibo is an MT5 indicator that scans a chosen number of recent bars, finds the swing extremes and draws a native Fibonacci retracement on the chart. The lookback period can be shortened for scalping or lengthened for trend work.
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AutoFibo is an indicator for MetaTrader 5 that places a Fibonacci retracement on your chart without manual work. Rather than dragging the tool between two points yourself, the indicator looks back over a set number of bars, finds the extreme swing points in that window and anchors the grid to them.
On each update the indicator examines the most recent bars, using 100 by default, and identifies the highest and lowest swing points inside that range. It then draws or repositions a Fibonacci retracement between those points. As new bars form and the extremes change, the grid is updated so it keeps reflecting the current window.
The drawing is made with the platform's own Fibonacci object rather than a custom overlay. This means you can hover over the lines to read exact price levels and, if you prefer, change the object by hand. Keep in mind that an automatic refresh can move the object again when the swing points change.
AutoFibo reads price history, so it can be attached to any symbol and timeframe your broker offers in MT5, including forex pairs, metals, indices and others. The lookback is counted in bars, so the same number covers a very different time span on M5 than on H4. Make sure your terminal has enough downloaded history for the lookback you choose.
The main input described is the lookback period. Other inputs, such as colours or level values, may be available, so open the Inputs tab when you attach the indicator and review everything before relying on it.
| Input | Purpose | Notes |
|---|---|---|
| Lookback period | Number of recent bars scanned for swing extremes | Default is 100 bars |
| Shorter lookback | More sensitive to recent price moves | Often preferred for scalping styles |
| Longer lookback | Covers wider swings, for example 200 bars | Often preferred for trend analysis |
The indicator shows levels only. It does not give entry or exit signals and it does not manage trades.
Trading carries risk, and past results do not predict future ones. Fibonacci levels are reference points, not forecasts, and price can move through them. Test any settings on a demo account first and size positions according to your own risk limits.
If nothing appears, check that the chart has enough historical bars for the lookback you set, and that indicators are allowed in the terminal options.
| Product type | Indicator |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Scalping, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Indicator |
| Trade style | Scalping and trend analysis |
| Markets | Any symbol available in your MT5 terminal |
| Timeframes | Any chart timeframe; the lookback is counted in bars |
| Main input | Lookback period (default 100 bars) |
| Chart object | Native Fibonacci retracement (OBJ_FIBO) |
| Requirements | MT5 desktop terminal; no external DLLs described |
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No. This listing is for MetaTrader 5 only. An MT5 indicator cannot be loaded into MetaTrader 4, so check that your broker offers an MT5 account before buying.
No. AutoFibo is an indicator that draws Fibonacci levels on the chart. It does not place orders, so any entries, exits and position sizes remain your decision.
The default scans the last 100 bars. A smaller value reacts faster to short swings and suits scalping styles, while a larger value such as 200 covers broader swings and suits trend analysis. Test different values on a demo account for your symbol and timeframe.
Yes. The indicator uses the standard Fibonacci object of the platform, so you can hover over the lines to read price levels and adjust the object manually if you want to. Note that an automatic update may redraw it when new swing points appear.
It should load on any broker's MT5 terminal because it only reads price history from the chart. Symbol names and history depth differ between brokers, so make sure enough bars are downloaded for your chosen lookback.
Copy the indicator file into the Indicators folder through File, Open Data Folder, MQL5, Indicators in MT5. Restart the terminal or refresh the Navigator, then drag AutoFibo onto a chart.
AutoFibo
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