Auto
Fibo Retracement is a price action indicator based on the Fibonacci
retracement. The main feature of this indicator is that it draws a
further support or resistance area where the price bounces.
It
is a great visual tool that helps make decisions more clearly.
How
to Install Auto Fibo Retracement
Step
1: Install The Indicator:
First,
you should have already downloaded the ZIP file containing all
the
installation files from your members area and unzip it into your
desktop.
Inside that ZIP file, there's this file:
Auto
Fibo Retracement .ex4
Next:
Open
your MT 4 trading platform
Click
File --> Open Data Folder
Once
you have that data folder open, locate the MQL4 folder inside it.
Then
open that MQL4 folder:
Inside
that MQL4 folder, you will see the Indicators folder , this is
where
you need to copy the Auto Fibo Retracement .ex4
from
your zip file to.
Next
step:
To
insert the indicator to your chart, click Insert --> Indicators
-->
Custom,
then choose Auto Fibo Retracement
In
the pictures Auto Fibo Retracement indicator MT4
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