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Fibonacci Master Pro is an MT5 indicator that draws upward and downward Fibonacci projection levels from the high and low of a candle you choose. Line colours and widths can be adjusted for each level.
Get one message the moment it launches, with its price.
Fibonacci Master Pro is a charting indicator for MetaTrader 5 that plots Fibonacci projection levels above and below a reference candle. You pick the candle, and the tool uses its high and low to build the levels, so you can see possible support and resistance areas without drawing each line by hand.
The indicator takes the highest and lowest prices of the candle you specify and uses that range as the base for its Fibonacci calculations. From there it draws projection levels in two directions: upward, for areas price could reach if it keeps rising, and downward, for areas price could reach if it keeps falling. The levels extend beyond the candle's own range, which is why they are described as positive and negative projections.
Traders commonly use projections of this kind in a few ways:
The indicator only draws on the chart. It does not open, modify or close orders, so every trading decision stays with you.
The tool can be attached to any symbol and timeframe available in your MT5 terminal, including forex pairs, indices, metals and other instruments your broker offers. The levels are only as useful as the candle you choose as a reference, so the same instrument can give very different results depending on the timeframe and the candle selected. Spend time on a demo chart to see how the levels line up with past price behaviour before relying on them.
The vendor states that the appearance of every Fibonacci level can be customised. Open the inputs tab after attaching the indicator to see the exact parameters and their defaults, as these can differ between brokers and terminal languages.
| Setting area | What to check |
|---|---|
| Reference candle | How the candle is selected, so the high and low you want are used |
| Level colours | Choose colours that stand out on your chart background |
| Line style | Solid, dashed or dotted lines for each level |
| Line width | Thicker lines for key levels, thinner for minor ones |
Fibonacci levels are a reference tool and price may ignore them. Combine them with your own analysis, define your risk before entering any trade and avoid risking more than you can afford to lose.
Trading carries risk, and past results do not predict future ones. This indicator does not guarantee any outcome. Test it on a demo account before using it with real money.
If the indicator does not appear, check that you are using MT5 and not MT4, and that the file sits in the correct folder.
| Product type | Indicator |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Indicator |
| Strategy tags | Trend, support and resistance |
| Markets | Any symbol available in your MT5 terminal |
| Timeframes | Any chart timeframe; test which suit your style |
| Trade style | Manual chart analysis, discretionary entries and exits |
| Customisation | Colour, line style and width for each Fibonacci level |
| Requirements | MT5 desktop terminal; no trading permissions needed |
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This listing is the MT5 build. It will not load in MetaTrader 4, so check that your broker offers an MT5 account before buying.
No. It is a chart indicator that draws projection levels. You decide whether and how to use those levels in your own entries, exits and risk management.
In MT5 choose File, then Open Data Folder, and copy the indicator file into MQL5/Indicators. Restart the terminal or refresh the Navigator, then drag the indicator onto a chart.
It can be attached to any symbol and timeframe your broker provides in MT5. Because the levels depend on the candle you choose, it is sensible to test it on a demo chart first to see which setups suit you.
Yes. The tool lets you set the colour, style and width of each Fibonacci level line. Open the input tab when you attach it to a chart to see the full list of options.
No indicator can promise that. It is an analysis aid only. Trading carries risk and past results do not predict future ones, so test on a demo account and use sensible position sizing.
Fibonacci Master Pro
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