MT4 previous weeks fib level indicator

Discussion in 'Forex' started by vortextrader, Nov 15, 2024.

  1. Is there MT4 indicators to show previous weeks fib levels relative to previous weeks high and low? Not previous week but weeks

    I tried to search but only able to find indicators that only plot fib levels for previous week and not previous weeks.

    Previous weeks highs and lows fib levels, because important for backtesting purpose

    Thx!
     
  2. Waylen

    Waylen

    Yes, there are MT4 indicators that can plot Fibonacci levels based on the high and low of previous weeks. You can search for "Multi-week Fibonacci" or "Historical Fibonacci" indicators, which plot Fib levels for multiple weeks, not just the most recent one. Custom scripts or coding may also help.
     
  3. Alexis_0

    Alexis_0

    There are MT4 indicators available that plot Fibonacci levels based on previous weeks' highs and lows, though most default indicators only cover the last week. For multiple weeks, you may need to look for custom indicators or scripts on MQL5 or relevant trading forums for backtesting purposes.