The Automatic Fib Retracement - Silver -0.24% script indicates the 50-61.8% pullback region.
The lines of the upper and lower pivots, the support and resistance areas are also highlighted.
Customisable Fib Length - Time period over which max and min pivots are chosen.
Offsetfib - Automatically offsets the pivots and sell zone as your entry position will be some time after the upper and lower pivots are set.
Works well when used in combination with an oscillator which highlights Divergence.
A strategy based off buying the 50-618 with a defined stop loss and target can be the basis of your strategy. This tool will automatically plot those points but a defined Risk Management strategy will always be needed.
Works best in Bearish trends but will work on all timeframes (Bearish correction in an uptrend also possible).
Previous pivots shown but be careful to identify which of the several pivots you are using.
Start at a larger timeframe and move down. (Entries consistent on several timeframes are golden)
Pivots and retracements are dynamic. Be sure to note your entry and targets.
@Leandro.pereirapires, Hi, only just saw your message. I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers
melnero24
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can i have access?
crypto_0sam0
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@melnero24, Hi, I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers
dalioguri8
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can i hav access please
crypto_0sam0
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@dalioguri8, Hi, I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers