The "Fibonacci ZONES" indicator combines Fibonacci ratio-derived zones(channels), together with a Fibonacci pattern of the Previous period high/low.
Auto Fibonacci tools are powerful ways designed to simplify your technical analysis by automatically drawing Fibonacci retracement and extension levels on your chart. This indicator is built to enhance your trading experience with clearer market moves and informative insights. You can easily spot your waves and patterns when the percentages are moving with you.
Key Features:
Automated Fibonacci Levels: Plots Fibonacci retracement and extension levels based on recent price movements.
Multi-Timeframe Support: This indicator is your versatile companion, offering multi-timeframe functionality. You can seamlessly track Fibonacci levels across different resolutions, providing a comprehensive view of the market.
Two Types of Fibs: Retracement and Timeframe extension Fibonacci levels. Use retracements to identify potential reversal points and extensions to anticipate price targets, giving you a well-rounded perspective on market movements.
Benefits: Save Time: No more manual Fibonacci drawing; It does this for you in real-time. Enhanced Analysis: Gain a deeper understanding of potential support, resistance, and price targets. User-Friendly: Suitable for traders of all levels, this indicator simplifies complex technical analysis.
Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each range extremity/area can also be used as support/resistance.