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TeaCii Auto Fibonacci MTF

TeaCii Auto Fibonacci MTF is an implementation of Fibonacci Levels

The indicator is simple and yet more powerful than those in the market


IMPORTANT: UNIQUE SELLING POINTS

- The Levels are set automatically

- You can see ANY TIMEFRAME Levels in ANY Chart. E.g. Watch H1 on M1. Watch M1 on H1

- The Levels are available in Buffers for EA Use

- Helps you to get an edge early in by using multi timeframe


Parameters

TimeFrame :  The timeframe of the indicator. It can be same, higher or lower than the charts timeframe. When using lower TF on higher TF chart, it is recommended to have a high lookback bars number.

Lookback Bars :  The only most important parameter. The highs and the lows will be based on this many bars.

Line Length :  This is purely cosmetic. It is the width of the line.

Background Color :  Again purely cosmetic. You may want to highlight the zone.


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TeaCii trend is a LEADING NON-LAG indicator to trade Ranged Markets or Breakouts. The indicator marks support and resistance at the moment they are formed . It has only one setting for the ATR. We recommend leaving default. This is not an indicator that draws lines from the highs or lows and regards them as SR. It creates actual SR levels way before the market even shows the level as SR. Often 5 to 10 candles before the naked eye can see it. Look at the first dot and know that SR was declared
See AutoTrade deals ONLY on select charts If you attach this indicator to the chart, all the Autotrade deals will be removed from chart display. This solves the problem that deals on chart is turned on Universally. Now turn on the Universal show deal on charts. Attach this indicator to the charts that you do not want to see the deals. E.g. if you are trading m1 chart, it may clutter your h1 chart bar.
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Version 1.3 2018.12.17
v1.03
- Added Direction buffer. 1 Means low was recently reached. 2 Means high was recently reached.