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DFP Reconnoiter Deluxe

The DFP Reconnoiter Deluxe technical indicator specially designs for the most popular Daily Fibonacci Pivot Strategy traders. The strategy uses standard Fibonacci retracements in confluence with the daily Pivot levels, Candlestick patterns,  ATR and ADR levels in order to get good entries by identifying reversal areas and exit areas. Most preferred parameters are the 38.2%, 50.0% or 61.8 Fibonacci retracement levels in confluence with the daily central pivot.

Strategy

  • Average True Range for the last five day period has been exceeded, in the previous day’s trading session
  • Draw Fibonacci levels
    • From the previous days low to high, if price is currently above the current day’s central pivot
    • From the previous day’s high to low, if price is currently below the current day’s central pivot
  • Look for a confluence of Fibonacci retracement levels with the daily central pivot
  • If price retraces to the confluence identified, either enter at market or wait for a confirmatory candle signal or currency strength changed to occur at the confluence before entry.


Features

  • Most popular 5 indicators (Pivot, Fibonacci, ADR, ATR, MA) included
  • Reversal Candlestick Pattern Scanner, Currency Meter and Candle Power Extractor included to get more accurate signals
  • All indicators fully customizable for make user own strategy
  • Indicator data show in an additional Data panel
  • Suitable for every symbol
  • Draw signals quickly
  • Each indicator quickly Activate/ Deactivate function


Parameters

  • Fibonacci Parameters
    • Show Fibonacci - Enable/Disable Fibonacci levels
    • Time Frame- Time frame
    • Level 0 to Level 9 - Customizable Fibonacci levels
  • Pivot Point Parameters
    • Show Pivot - Enable/Disable Pivot levels
    • Time Frame - Time frame
  • ATR Parameters
    • Show ATR - Enable/Disable ATR levels
    • Period 2 to Period 3 - Averaging periods
  • ADR Parameters
    • Show ADR - Enable/Disable ADR levels
    • Period 1 to Period 3 - Averaging periods
  • Volume Parameters
    • Show Volume - Enable/Disable Volume percentage
  • Pattern Parameters
    • Show Patterns - Enable/Disable Candlestick patterns
  • Trend Parameters
    • Fast Moving Average Parameters
      • Fast Period - Averaging period for calculation
      • Shift - MA shift. Indicator line offset relate to the chart by timeframe
      • Method - Moving Average method
      • Applied Price - Applied price
    • Slow Moving Average Parameters
      • Slow Period - Averaging period for calculation
      • Shift - MA shift. Indicator line offset relate to the chart by timeframe
      • Method - Moving Average method
      • Applied Price - Applied price
  • Pip Parameters
    • Show Pip Count - Enable/Disable current distance by pips for each (Fibo, Pivot, ATR and ADR) level
  • Data Panel Parameters
    • Show Panel - Enable/Disable Data panel
  • Alert Filters
    • Common Filters
      • Alert Reset By - The time period for notify the same level alert again
      • Hi-Lo Margin - Margin level from day high and low for analyze candlestick patterns
  • Graphic Parameters - Fully visual customization facility available for each indicator graphic object (Line color, Line style, Line width, Font, Font size etc... ). Please kindly read the product Comments for complete list of graphic parameters 
    • Fibonacci Visual Customization
    • Pivot Visual Customization
    • ADR Visual Customization
    • ATR Visual Customization
    • Fast MA Visual Customization
    • Slow MA Visual Customization
    • Volume Visual Customization
    • Control Panel Visual Customization
    • Arrow Visual Customization


Note: This Indicator completely based on the Daily Fibonacci Pivot Strategy and that strategy introduced by experienced traders.

DFP Reconnoiter Deluxe is a one product of the DFP Reconnoiter indicator series.













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