This custom indicator draws Fibonacci retracement levels from the high to low or low to high (depending on the trend) of the current chart. Zooming in and out and switching time frames will change the Fibonacci levels so change these accordingly. The indicator also redraws the fib on the next candle every time there is a new high or low on the current chart. You also have the option of displaying a rectangle in the unretraced area, changing the fibo style, fibo line width, fibo color, and unretraced zone color.
**These distribution rights only apply to our free products**This software is free for everyone to use. You may re-post it and give it away on the condition that you do not remove any copyright info or links inside the source code. If you make alterations to the source code, you may give yourself credit by adding something similar to "Revised by [YOUR NAME HERE][DATE][REVISION DETAILS]" below our copyright information near the top of the source file. Lastly, you may not sell any of our tools or market this software for direct profit in any way whatsoever.
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<a href="http://www.tradertools-fx.com/products/auto-fibo-retracement/">Auto Fibo Retracement</a>
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