FX5 Fibo Spiral is a free mt4 (Metatrader 4) indicator that can be used for both trade entry and exit, or as an additional Fibonacci-based confirmation filter for other strategies and systems.
The indicator pops up in the main MT4 chart window as a Fibonacci (Fibo) spiral and works on non-repaint price action.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “FX5_FiboSpiral.mq4” indicator for MT4
Indicator Chart (GBP/USD H1)
The example chart below displays the FX5 Fibo Spiral mt4 indicator in action on the activity chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the FX5 Fibo Spiral indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Fibonacci
Does the indicator repaint? No.
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Download the “FX5_FiboSpiral.mq4” indicator for Metatrader 4
