Trendline with Fibonacci Retracement
- Indicatori
- Abdelkhabir Yassine Alaoui
- Versione: 1.0
- Attivazioni: 15
The Swing High Low and Fibonacci Retracement Indicator is a powerful technical analysis tool designed to identify key price levels and potential reversal zones in the market. It automatically detects recent swing highs and swing lows on the chart and overlays Fibonacci retracement levels based on these points.
This indicator helps traders:
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Visualize market structure by highlighting recent swing points.
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Identify support and resistance zones using Fibonacci ratios (e.g., 38.2%, 50%, 61.8%).
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Adapt to different timeframes and trading styles, from scalping to swing trading.
Whether you're analyzing trends or spotting pullback opportunities, this indicator combines price action with the power of Fibonacci to give you a clearer edge in the markets.