Fibo Swing Indicator MT4 – Free Fibonacci Swing Trading Tool

Ready to level up your swing trading game without breaking the bank? Say hello to the Fibo Swing Indicator MT4 by YoForex… a 100% free, plug-and-play solution that slashes your chart-reading time and zeroes in on high-probability Fibonacci swings. No more eyeballing levels for hours; this indicator auto-plots swing highs and lows, calculates key retracement zones, and even pings you when price tests golden ratios. Sweet, right?

Traders everywhere are tired of overpriced tools that overpromise and underdeliver. With the Fibo Swing Indicator MT4, you get a battle-tested indicator designed by YoForex’s seasoned quant team—fully back-tested on major pairs, live-market-verified, and fine-tuned for minimal CPU drag. Still skeptical? Stick around…

Overview

The Fibo Swing Indicator MT4 is built for traders who want a no-nonsense Fibonacci swing solution. It automatically identifies swing highs and lows on your chart, draws retracement and extension levels, and highlights confluence zones for potential entries and exits. You’ll see classic Fibonacci ratios—23.6%, 38.2%, 50%, 61.8%, 78.6%—all plotted in crisp, color-coded lines.

Support & Resistance? It’s got you covered. Trend filter? Yup, integrated. Alerts? You bet—visual pop-ups, email and mobile notifications (so you never miss a move). And since it’s compatible with MT4 build 600+, you can drop it into any chart and start using it instantly.

Whether you’re a seasoned swing trader or just getting started, this indicator pairs brilliantly with other YoForex tools—like our Advanced Fibonacci Tools or the Beginner’s Guide to Forex Indicators—so you can build a robust trading system in no time.

Key Features

• + Automated Fibonacci swing high/low detection
• + Multi-timeframe support (M1–D1)
• + Customizable swing length and sensitivity
• + Auto-draw retracement & extension zones
• + Built-in trend filter for bias confirmation
• + Alert notifications (pop-up, email, mobile)
• + Low CPU usage; ideal for multiple charts
• + No repaint logic—signals stay true
• + User-friendly settings panel
• + 100% free with lifetime updates

How It Works

At its core, the Fibo Swing Indicator MT4 scans price bars to spot significant swing highs and lows based on user-defined sensitivity. Once a swing is confirmed, it instantly draws Fibonacci retracement lines from high to low (or vice versa), then extends them to project potential reversal zones. A built-in trend filter—using moving averages and momentum readings—then shades zones that align with the market bias, so you don’t waste time fading an obvious trend.

Under the hood, the indicator uses a non-repainting logic: once a swing value is set, it never shifts, locking in your historical analysis. Alerts can be configured to fire when price enters a critical zone or when a retracement bounces off the 61.8% level—so you’ll know right when prime setups unfold.

Mix it with price action signals—like pin bars or engulfing candles—for even higher-prob setups. You can also layer support and resistance lines from other YoForex indicators to boost your confidence. And coz it’s MT4-native, you’ll enjoy seamless performance on Windows or via Parallels on Mac.

Backtest Results & Proof

We ran the Fibo Swing Indicator MT4 on EURUSD, GBPUSD, and XAUUSD over a two-year span (Jan 2023–Dec 2024), using a sample of 5,000+ swing signals. Here’s the gist:

Average Win Rate: 62% on 0.5 R risk per trade
Max Drawdown: 4.8% on a 10K demo
Profit Factor: 1.9
Total Trades: 3,215

Equity curves remained smooth, with clear consolidation periods and breakout surges—no wild spikes. Live-market testing on a real EURUSD micro account (1:500 leverage) echoed similar performance: 58% win rate over 250 trades, max drawdown under 5%.

Want to see screenshots? Head over to the download page for a backtest chart and risk-reward infographic. All proof is there, ready for you to inspect… no fluff.

How to Install & Configure

Download the Fibo Swing Indicator MT4 from the official page:
https://mql5.software/fibo-swing-indicator-mt4
Locate your MT4 → File → Open Data Folder → MQL4 → Indicators
Copy FiboSwing.mq4 (and .ex4) into the Indicators folder
Restart MT4; open an EURUSD or XAUUSD chart (M15 recommended)
Drag FiboSwing from Navigator → Indicators onto the chart
In the Inputs tab, tweak settings:
- Swing Sensitivity: 5–10 (default = 7)
- Trend Filter Period: 50 MA (default)
- Alert Type: Popup/Email/Mobile
Click OK—and watch the magic happen.

For advanced tips, check out our MT4 Indicator User Guide.

Why Choose YoForex-Powered Tools?

YoForex has been in the forex software game since 2018, building free, reliable tools for traders worldwide. We believe in transparency—our indicators come with full backtest reports, clear logic, and ongoing support. Unlike paid bots that lock you into yearly subscriptions, the Fibo Swing Indicator MT4 is free to download and forever free to update.

Our dev team lives and breathes forex; every release is peer-reviewed and battle-tested on live accounts. And when a new MT4 build drops? We roll out compatibility patches within 24 hours. You won't find that kind of service in most paid plugins, tho—just saying.

Support & Contact

Hit a snag? We’ve got your back…
• WhatsApp: +44 330 027 2265
• Telegram: @yoforexrobot
• Email: support@yoforex.net

Got a bug or feature idea? Drop us a line. We respond within 12 hours, promise.

Disclaimer: Past performance isn’t a guarantee of future results. Always test on a demo account before going live; trade responsibly and manage your risk.

Call to Action

Ready to automate your Fibonacci swings and sharpen those entries? Grab the Fibo Swing Indicator MT4 now—it’s totally free! Boost your trading edge today, and lean on our unlimited support channels whenever you need ‘em. Let’s make every swing count.