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Koala Fibo Base Time

  • Welcome to Koala Fibo Base Time

  • Welcome to Koala Fibo Time Zone

  • Welcome to Koala Fibo Time Extention

  • Welcome to Missed Tool For Meta Trade!

Simple Introduction :

Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time.

A major low or high is often chosen as the starting point. Distances start relatively small and grow as the Fibonacci Sequence extends.

Chartists can extend the Fibonacci Time Zones into the future to anticipate potential reversal points.

You can find this indicator by these names via google search "Fibo Base Time, Fibo Time Zone, Fibo Time Extention "

Basic Definitions As More Info:

  • Fibonacci time zones are vertical lines that represent potential areas where a swing high, low, or reversal could occur.
  • Fibonacci time zones may not indicate exact reversal points. They are time-based areas to be aware of.
  • Fibonacci time zones only indicate potential areas of importance related to time. No regard is given to price. The zone could mark a minor high or low, or a significant high or low.
  • Fibonacci time zones are based on the Fibonacci number sequence which gives us the Golden Ratio. The ratio is found throughout nature and architecture.

Indicator Input Parameters :

Level Factor 1 ... Level Factor 7 : You can adjust Fibonachi series in 7 step from Level1 until Level 7

Fibo Color1 ... Fibo Color 7 : You can adjust Fibonachi line and rectangle colors  for each level

The Difference Between Fibonacci Time Zones and Fibonacci Retracements

Fibonacci times zones are vertical lines that represent future time periods where the price could make a high, low, or reverse course.
Fibonacci retracements indicate areas the price could pull back to off a high or low.
Retracements are price-based and provide support or resistance areas based on Fibonacci numbers.

How to test it on strategy tester :
  • Just run it on strategy tester.
  • Indicator wait for your 3 click on chart, specify 3 anchor point by 3 click
  • As soon as 3th click met, indicator do calculation and draw time zones base of anchor difference.
  • Look at comments under red button in top left side of screen, they help you.

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