Fibonaccitools
- Indicators
- Aymn Sʿyd Ahmd Hsn Alkwmy
- Version: 1.0
- Activations: 5
Fibonacci retracements are popular tools that traders can use to draw support lines, identify resistance levels, place stop-loss orders, and set target prices.
A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci tools indicator will Draw Fibonacci Tools e.g. Retracement, Arc, Fan, Expansion, TimeZones. Based on zigzag indicator"