Auto Fibo Extended: Automated Fibonacci for MT5

Related: Auto Fibonacci Retracement Swing Levels for MT5 - another powerful indicator for MetaTrader 5 traders.

Auto Fibo Extended – Automatic Fibonacci Retracement & Extension for MT5

Also recommended: ADX Auto Range: Automated Trend Strength and Consolidation Detection - similar indicator with strong performance on MetaTrader 5.

Auto Fibo Extended is a MetaTrader 5 indicator that automatically identifies significant swing highs and swing lows. It then draws Fibonacci Retracement and Extension levels directly on your chart.

The indicator analyzes historical price data over a user-defined number of candles to automatically determine the two extreme points for constructing the Fibonacci structure.

A key feature is its ability to display two independent Fibonacci structures simultaneously, calculated from two different timeframes. This enables traders to analyze market movements from both lower and higher timeframe perspectives without manual drawing.

Key Features

- Automatic Fibonacci Detection
The indicator automatically identifies:
The highest High within the selected lookback period.
The lowest Low within the selected lookback period.
The chronological order of these extremes.
The appropriate Fibonacci direction.

- Two Independent Timeframes
You can display two Fibonacci structures:
Fibonacci 1 – Lower timeframe.
Fibonacci 2 – Higher timeframe.
Each structure has independent color settings and can use different timeframes.

- Automatic Direction Detection
Three direction modes are available:
Auto: Determines direction based on which extreme occurred first.
Low to High: Draws Fibonacci from the lowest Low to the highest High.
High to Low: Draws Fibonacci from the highest High to the lowest Low.

- Extended Fibonacci Levels
The indicator includes these levels:
-100.0%
-61.8%
-38.2%
-23.6%
0.0%
23.6%
38.2%
50.0%
61.8%
78.6%
100.0%
127.2%
161.8%
200.0%
261.8%
423.6%
These levels provide a visual framework for analyzing potential support and resistance areas, retracements, and price extension targets.

- Automatic Price-Level Labels
Each Fibonacci level can be displayed in a colored information box on the right side of the chart.
The labels:
Display the Fibonacci percentage.
Identify the corresponding timeframe.
Automatically follow their price levels.
Adjust their positions when the chart is resized, zoomed, or scrolled.
Can be customized with different background, text, and border colors.

- Precise Higher-Timeframe Anchoring
When a higher-timeframe Fibonacci structure is displayed on a lower-timeframe chart, the indicator searches for the exact candle containing the corresponding High or Low.
This improves visual alignment of Fibonacci anchors with actual price extremes.

- Automatic Chart Updates
The indicator uses timer events and market tick updates to maintain its drawings.
It avoids unnecessary object modifications when Fibonacci anchor points have not changed, reducing flickering.

Customization Options

Users can customize:
Lookback period (number of analyzed candles).
Lower and higher timeframes.
Fibonacci direction.
Fibonacci line color.
Line style and width.
Visibility of level labels.
Label font size.
Label background and text colors.
Label border color.
Horizontal label positioning.

How to Use

Install the indicator in MetaTrader 5.
Attach Auto Fibo Extended to any chart.
Select the desired lower and higher timeframes.
Configure the lookback period.
Choose automatic or manual Fibonacci direction.
Customize colors, line styles, and level labels.
The indicator automatically calculates and displays the Fibonacci structures.

Important Notes

The indicator works with historical price data.
The two Fibonacci structures are calculated independently.
If both timeframe selections are identical, only one Fibonacci structure is displayed.
Either timeframe can be disabled.
The indicator does not generate trading signals or execute trades. It is a technical analysis tool for identifying potential price levels.

Auto Fibo Extended provides an automated and flexible approach to Fibonacci analysis, helping traders visualize market structure and potential retracement and extension zones across multiple timeframes. Developed in 2026.

You may also like: Trend Buy/Sell Zones with Automated Lot Sizing and Risk Panel for MT5 - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.70"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 0
#property indicator_plots   0
enum ENUM_TF
  {
   tf_Current   = 0,

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.