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Automated Fibonacci Retracement Indicator

49 USD

Demo downloaded: 7

Published: 5 July 2023

Current version: 1.0

Automated Fibonacci Retracement Indicator

Indicators
Eko Baskoro
Version: 1.0
Activations: 5

Fibonacci retracement is an object or function that is often used by traders to determine values of fibonacci levels. When to open position, where is the breakout or limit point, stop loss position and take profit position can be determined based on fibonacci levels. But commonly, this object only can be used manually in Metatrader 4 (MT4).

Therefore we need an indicator of fibonacci retracement. The use of indicator will make decision making easier, faster, and more consistence.

We recommend testing the indicator in the back test before making a purchase.

Automated Fibonacci Retracement Indicator is an indicator that can be used to determine trend direction and values of fibonacci levels but it doesn't provide in the MT4 platform.

This indicator can be used on many pairs and all timeframes as well.

This indicator is consist of Moving Average indicator and other calculations are needed.

In this indicator you can choose to use Moving Average function or not.

This indicator can choose the best position, range and values of Fibonacci Retracement.

You can combine this indicator with other indicator based on your trading style.

Try this indicator and define how good the results of this indicator!

Main Inputs

EMA_1_Period
EMA_2_Period
Max_History_Bars
Using_EMA_Filter

Other Inputs:

Bullish_Fibo_Color
Bearish_Fibo_Color
Buffers_Size

Trading wisely with always using money management strategy! Good Luck!!!

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