Fibonacci Killer Indicator for MT5 Download – Free – [TradingFinder]

The Fibonacci Killer Indicator is one of the analytical tools on the MetaTrader 5 platform, operating based on the Fibonacci Retracement structure.
This indicator automatically calculates the 28.2% Fibonacci level from the latest price swing and displays it on the chart. Additionally, as the price approaches this range, the tool notifies traders of potential quick reversals or short-term corrections through text and sound alerts.

Fibonacci Killer Indicator Specification Table

The following table includes the specifications of the Fibonacci Killer Indicator.

Fibonacci Killer Indicator at a Glance

The Fibonacci Killer Indicator is designed to identify retracement zones in line with the market’s main trend.
In bullish trends, the identified level often serves as a key point for buyers to re-enter the market.
Conversely, in bearish trends, the same level acts as the return zone for sellers.

Bullish Trend Condition

According to the 1-hour chart of EUR/USD, after a short retracement, the price touches the Fibonacci level and begins a new upward movement.
This behavior indicates the end of the corrective phase and the beginning of an uptrend.

Bearish Trend Condition

Based on the 1-hour chart of USD/CAD, the retracement zone is determined, and as the price reaches this level, a downward reaction occurs.
The increase in selling pressure at this point drives the market back into a declining path, clearly showing the dominance of supply over demand within the retracement area.

Fibonacci Killer Indicator Settings

The settings of the Fibonacci Killer Indicator are as follows:

• Message Alert: Text alert on screen
• Sound Alert: Audio notification when the price nears the Fibonacci level
• Sound File: Name of the alert sound file
• Email Alert: Email notification
• How Close is Price to Fibonacci Level: Allowed distance between price and Fibonacci level for alert trigger

Conclusion

The Fibonacci Killer Indicator is one of the precise technical analysis tools focusing on the 38.2% Fibonacci level, based on the latest price swing.
This area is typically viewed as a market reaction point and the start of a new move in the direction of the main trend.
Additionally, with its customizable text, sound, and email alerts, the indicator ensures instant notifications when the price approaches this critical level.