Two Fibonacci lines with Buy and Sell arrows MT5

The Fibonacci sequence is a sequence of integers to the following: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ...

By definition, it begins with 0 and 1, each next element is calculated as the sum of the previous two.

Instead of the usual moving average indicator calculates the average price as follows: Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 + Bar21 + ...

Indicator displays two moving Fibonacci lines and arrows, where the two lines intersect.

Blue arrow appears when the blue line crosses yellow from the bottom up. This suggests upstream trend.

Yellow arrow appears when the blue line crosses yellow from top to bottom. This suggests downstream trend.

Input parameters

• FiboNumPeriod_1 - numbers in the sequence for the first Fibo Moving Average.


• nAppliedPrice_1 - used price.


• FiboNumPeriod_2 - numbers in the sequence for the second Fibo Moving Average.


• nAppliedPrice_2 - used price.

The indicator shows the lines and arrows for the first 500 bars (starting from the current).