Description
FRZ Auto Fibonacci Indicator for MT4 & MT5
FRZ Fibo Trade Zone Signals is an automatic Fibonacci indicator for MT4 and MT5. It automatically draws Fibonacci levels on your charts and gives you optimal zones for potential buy and sell entries.
It measures the high and low of the last candles you choose, draws the Fibonacci retracement and extension levels across that range, and shades a buy zone at the bottom of the range and a sell zone at the top. These zones help you identify key support and resistance levels, see where the market is likely to reverse, and set your stop losses and take profits more effectively.
It is fully customizable: you can change the range length, zone size and colours, and get an alert when a candle closes inside a zone. Everything is drawn from closed candles and updated once per new candle.
Screenshot
Specs
| Product name | FRZ Auto Fibonacci Indicator |
| Platform supported | MT4 & MT5 |
| Type | Indicator |
| Timeframes | Any |
| Currency pairs | Any |
Settings
Installation: in MetaTrader, open File > Open Data Folder, copy the .ex4 file into MQL4/Indicators (MT4) or the .ex5 file into MQL5/Indicators (MT5), restart MetaTrader, then drag the indicator from Navigator > Indicators onto your chart. The settings below appear on the indicator’s Inputs tab, numbered the same way.
Fibonacci Settings
- Candles for the Fibonacci Range (default: 100) – how many closed candles the high and low are taken from. A smaller number gives tighter, short-term zones; a larger one gives wider, longer-term zones.
- Buy/Sell Zone Size (% of range) (default: 23.6) – height of each zone as a percentage of the range. For example, with a 100-pip range and 23.6%, the buy zone covers the bottom 23.6 pips and the sell zone the top 23.6 pips.
- Show High/Low Channel (default: false) – also draw the rolling high and low of the range as dotted lines across the chart history.
Alert Settings
- Alert When a Candle Closes in a Zone (default: false) – when true, notifies you once when a candle closes inside the buy or sell zone after being outside it.
- Alert Notification (default: true) – shows a MetaTrader alert popup with the details, pair and timeframe.
- Sound Notification (default: true) – plays a sound with the alert.
- Email Notification (default: false) – sends the alert by email. Set up your email account first under Tools > Options > Email.
- Phone Notification (default: false) – sends a push notification to the MetaTrader mobile app. Enter your MetaQuotes ID under Tools > Options > Notifications first.
Settings 5-8 only apply when setting 4 is switched on.
Display Settings
- Fibonacci Level Color (default: gray) – colour of the Fibonacci levels and channel.
- Buy Zone Color (default: royal blue) – colour of the buy zone at the bottom of the range.
- Sell Zone Color (default: indian red) – colour of the sell zone at the top of the range.
Recommended Broker & VPS
We recommend using a low-spread broker and a reliable VPS.
- Recommended Broker: IC Markets. If ICMarkets not available in your country, please use IC Trading.
- Recommended VPS Provider: Contabo VPS.
You may contact us on live chat in case you need any support in this regard.
Risk Disclaimer
Trading in financial markets involves substantial risk and may not be suitable for all investors. Our software is provided “as is” without any guarantee of profit. You are advised to test thoroughly on demo accounts before trading live. Please review our full terms and conditions before purchasing.
Menaka Gue –
I was looking for this kind of indicator for long time. Thanks