ERV Auto Manual Fibonacci

ERV FIBO – Auto & Manual Fibonacci Retracement

ERV FIBO is a Fibonacci retracement indicator for MetaTrader 5. It draws the Fibonacci levels automatically between the extreme high and extreme low of recent bars, or lets you place them manually.

How it works

The indicator scans the last 75 bars (adjustable) for the extreme high and extreme low, then draws a Fibonacci retracement across that range. In Auto mode, the drawing updates on every new bar. In Manual mode, you can drag the Fibo yourself.

Key features

  • Auto / Manual mode. Press A to switch. Dragging the Fibo also switches to Manual.
  • Pivot history. Left and Right arrow keys move to older or newer pivot areas (5 kept by default).
  • 10 customizable levels. Enable or disable each level and set its ratio, label, color, line style and width. Defaults are 0, 23.6, 38.2, 50, 61.8, 78.6 and 100, with extensions 127.2, 161.8 and 261.8 available.
  • Level text can show percent, level value or price.
  • Optional line extension to the left and/or right.
  • Live price labels that update on the chart.
  • Works on any symbol and timeframe.

Notes

This is a chart drawing tool. It does not place or manage trades. Fibonacci levels are a visual aid and do not guarantee results. Trading involves risk.

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Multi Currency Strength and Momentum Indicator MT5 Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of five in one: Advanced Currency Strength28 Indicator (700 reviews) Advanced Currency IMPULSE with ALERT (530 reviews) Currency Strength EXOTICS GOLD Impulse with Alert CS28 Combo Signals (recent Bonus) No need to buy four indicators and stack them on your charts. All of it is merged into one powerful indicator: the strength of the 28 Forex pair
Scalper Vault MT5
Oleg Rodin
5 (1)
Indicators
Scalper Vault is a powerful, fully-equipped trading system designed for traders who want to achieve consistency in intraday trading . This high-precision indicator serves as a complete, standalone trading system that delivers institutional-grade analysis for both Forex and Binary Options traders. PLEASE CONTACT ME AFTER PURCHASE TO GET MY TRADING TIPS PLUS A GREAT BONUS! By eliminating the guesswork and complex manual analysis, Scalper Vault allows you to focus purely on execution using easy to
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