The FXWare Multi Fibo (often referred to as MultiFibo) is a specialized Fibonacci Technical Analysis indicator for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that allows Traders to manage Multiple Fibonacci grids on a Single Chart using a simplified interface.
Key Features and Functionality
According to the official product FXWare, the indicator is designed to streamline the process of drawing and managing complex Fibonacci setups :
- Multi-Grid Management :
Users can define up to 5 different Fibonacci grids and quickly insert them into a chart using dedicated buttons.
- Automatic Price Recognition :
The tool features a High (H) and Low (L) price recognition mode.
In this Mode, it Automatically stretches the Fibonacci grid from the Highest peak to the Lowest bottom based on the Visible part of the Chart.
- Ease of Use :
It is intended to Reduce the Manual effort of drawing Fibonacci Levels repeatedly, which is particularly useful for traders who use Different Fibonacci settings (e.g., Standard Retracements vs. Custom Extension levels).
** Available in MT4 Indicator posted in :
post1295580421.html#p1295580421
Screenshot_798.png
