Breakout Fibo Target

Indicator shows 3 Fibonacci expansion levels, based on the last pivot breakout.

Pivots are calculated based on volatility (ATR), works on every Timeframe and Symbol.

Lines are displayed only after the pivot breakout.

A comment on the upper left side shows the minimum calculated value (in points) for pivots.

  • Parameters:

Variation: minimum variation for the pivot. ATR multiplication factor. (default 3)

ATR Period: Period for ATR value calculations. (default 60)


Ex.:  ATR on TimeFrame H1 = 100points | Variation = 3 |

100 * 3 = 300 minimum points of variation to consider as a pivot.


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