Box Fibo Indicator
Fibonacci box breakout detection · Support/resistance zones · Free · MT4
About Box Fibo Indicator
The Box Fibo Indicator (v2.1+) automatically draws Fibonacci retracement and extension levels within a user-defined time range, creating a "box" that highlights key price zones. Traders use it to identify support, resistance, and breakout levels based on Fibonacci math.
It calculates automated Fibonacci levels over a specified lookback period, helping traders avoid manual level drawing and spot high-probability reversal/breakout zones. Perfect for swing traders and intraday traders using higher timeframes (M30-D1).
- Platform: MetaTrader 4 / MetaTrader 5
- Type: Fibonacci box breakout detector
- Best timeframes: M30, H1, H4, D1
- Function: Auto-draws Fib levels over custom time range
- Price: Free
- Source: indicatorspot.com · Box Fibo Indicator
Key Features
✓ Automatic Fibonacci box drawing saves manual work
✓ Identifies key support/resistance and breakout zones via Fibonacci math
✓ Free, customizable for any time range
⚠ Best paired with a trading strategy, not a standalone signal