Ms Fibonacci
- Indicators
- Thushara Dissanayake
- Version: 1.0
Introducing Ms. Fibonacci, a powerful and free indicator designed to simplify the process of drawing and adjusting Fibonacci levels on your chart. This indicator automatically identifies and marks the new highest and lowest Fibonacci levels, ensuring accurate and precise placement.
One of the key features of Ms. Fibonacci is its ability to draw Fibonacci levels correctly, point to point, and mark the corresponding price levels. This feature saves you time and effort, allowing you to focus on analyzing the market rather than manually drawing Fibonacci levels.
The indicator includes the most important Fibonacci levels, such as 0, 23.6, 38.2, 50.0, 61.8, 100.0, and 161.8. These levels serve as crucial reference points for identifying potential support, resistance, and retracement areas in the market.
Ms. Fibonacci offers user friendly parameters, enabling you to customize the indicator to your preferences. You can adjust various aspects such as line style, line width, line color, and other visual elements to enhance the appearance and readability of the Fibonacci levels on your chart.
With the ability to activate or deactivate the drawing of Fibonacci levels, you have full control over when and where the levels appear on your chart. The indicator also provides an option to automatically adjust the Fibonacci high and low levels, ensuring they remain relevant and accurate as the market evolves.
Additionally, you can specify the number of bars to search for drawing Fibonacci levels, allowing you to focus on specific sections of the chart. The shift parameter allows you to shift the reference point from the last bar, providing flexibility in aligning the Fibonacci levels with your preferred analysis timeframe.
In summary, Ms. Fibonacci is a valuable tool for traders and technical analysts, offering a user-friendly and automated approach to drawing and adjusting Fibonacci levels on your chart. Benefit from the inclusion of important Fibonacci levels, customizable parameters, and the convenience of automatic adjustment. Enhance your trading analysis and decision making by incorporating Ms. Fibonacci into your trading toolkit.
Parameters
- Fibonacci Parameters - Fibonacci Parameters.
- Draw Fibonacci - Activate/ Deactivate, Draw Fibonacci levels on the chart.
- Auto Adjust - Activate/ Deactivate, Automatically adjust Fibonacci High and Low levels.
- Line Style - Fibonacci line style
- Line Width - Fibonacci line width
- Line Color - Fibonacci line color
- Number Of Bars To Search - Draw Fibonacci between last bar and given bar. (Default: 0 = Window First Visible Bar)
- Shift - Shift from last bar.
Accurate and easy