Fibonacci Progression with Breaks tracks a trend on MT4 and MT5 with a threshold that gets harder to clear every time it's cleared.
The first move only has to travel one ATR. The next one has to travel one. Then two, then three, then five. The Fibonacci sequence, applied to how far price must go before the tool agrees the trend is still going.
The escalating threshold
There's an anchor price and a step counter. The distance price must travel from the anchor is ATR × Size × fib(n), where n is the counter.
When price clears that distance, the counter goes up, which means the next leg has to be a Fibonacci step larger. One, one, two, three, five, eight. By the fourth or fifth leg the bar is high enough that a normal continuation won't reach it.
When the counter passes Sequence Length, the whole thing resets: the anchor moves to the current close and the counter goes back to one.
That's the design in a sentence. A trend that keeps extending has to extend by progressively larger amounts to keep counting as an extension, and when it can't, the tool starts again from where price actually is.
Why that's different
Every threshold indicator I know of uses a fixed bar. One ATR, or two, or a percentage. The fourth leg is measured the same way as the first.
Markets don't work like that. The first push out of a base is different from the fifth push in an extended run, and treating them identically is why threshold tools keep confirming trends that have run out of participants.
Making the requirement grow is a blunt fix and an honest one. It doesn't predict exhaustion; it just stops rewarding the same move over and over.
What's on the chart
The progression line, stepping in a staircase as the anchor moves. Green when the trend is up, red when down, with an optional fill down to price.
An SL line, dotted, on the opposite side. A TP line on the side the trend is going. Both are switchable and both come from the same progression, so they widen as the sequence advances.
Arrows at trend flips: a buy or sell mark on the bar the direction changed.
Tick and cross marks at each step of the sequence. A tick when the step happened with price on the trend's side of the anchor, a cross when it happened against. That's the tool showing you whether the progression is advancing in your favour or against you, step by step, which is the bit I'd watch.
ATR or points
ATR mode, the default, scales the whole thing to the instrument. Switch to manual and Size becomes a raw price distance, which is useful if you want the same absolute steps regardless of what volatility is doing.
Sequence Length at 3 keeps the escalation short: four levels before a reset. Raise it and the later legs need very large moves, which on most charts means the reset almost never fires and the anchor sits still for a long time.
What it publishes
Six plotted buffers: the progression line in each direction, the fill, and the SL and TP lines. iCustom gets you all of them, so an EA can take the level, the direction and both exit lines directly.
Where it's weak
Reset is abrupt. When the counter runs out, the anchor jumps to the current close with no transition. On the chart that's a vertical step in the line, and any level you were reading off it is gone.
The sequence has no memory of outcome. The counter advances on distance travelled, not on whether the move worked. A choppy market that oscillates across the anchor can advance the counter without trending at all.
SL and TP are geometry. They come from the same progression as everything else, so they widen as the sequence advances. They are not structural levels and they don't know where the last swing was.
Both Size and Sequence Length interact strongly. Doubling Size and halving Sequence Length are not equivalent, and finding a pair that suits an instrument takes some trial.
Alerts are off by default. Notification type ships as Do not notificate, with placeholder Telegram fields. Alerts fire on the trend flip, not on each step.
Questions you'll have
Does Fibonacci Progression with Breaks repaint? The progression line's current value updates with the forming bar, as any threshold tracker does. Steps and arrows are placed on closed bars and stay there. The anchor jumping on a reset is the sequence restarting, not history changing.
What are the tick and cross marks? Each one is a step of the sequence. A tick means the step happened with price on the trend's side of the anchor, a cross means against it.
Why did the line suddenly jump? The counter passed Sequence Length, so the anchor reset to the current close and the sequence started again at one.
Why do later moves not register? Because the threshold grew. The fifth leg has to clear five times the base distance, by design.
What's the difference between ATR and manual mode? ATR scales the steps to current volatility. Manual uses a fixed price distance, so the steps stay the same size regardless.
Can an EA read the levels? Yes. The progression line, the fill, and both the SL and TP lines are plotted buffers.
Best timeframe? H1 and H4. On M5 the first two Fibonacci steps are inside the noise and the counter advances on nothing.
MT4? Both platforms are included, one download each. Same sequence, same reset rule, same six buffers.
Support
Message me through the site with a screenshot, the symbol and the timeframe, and I can tell you where in the sequence the tool currently is. Updates are included for as long as your subscription runs.
Analysis tool. It places no trades and makes no profitability claim. Past price behaviour is not a guide to future price behaviour.