Auto Fibonacci Button

5

Auto Fibonacci Button

The Fibonacci retracement is a popular and reliable technical analysis tool for traders to determine support and resistance areas. 

It employs the "Golden Ratio," a mathematical pattern seen throughout nature and even the universe, to forecast particular levels of support level and resistance level. 

This tool is generated in technical analysis by dividing the vertical distance between two extreme points on the chart (typically a peak and a low) by the important Fibonacci coefficients of 23.6 %, 38.2 % , 50 % , 61.8 % , and 100 % .

Because so many traders utilise this trading approach and keep an eye on these price levels, the Fibonacci levels frequently become a self-fulfilling prophesy.

A Fibonacci retracement tool is available on the MetaTrader 4 platform, which allows the user to draw one on the chart.


But how do you represent this on a graph? 

Use "Auto Fibonacci Button"
Reviews 1
lauro1956
5727
lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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Wicks Trade Panel  It's a Trade Panel include Order Management & Risk Management for serious trader. Especially for those traders who pay attention to important events like the CPI, NFP, and ADP. A one-of-a-kind faster technique to fix the Entry Price by simply pointing the mouse pointer at it. This is what I enjoy about it. Automatically closing 50% order size lots when setting TRUE on Breakeven Status. It's especially useful when trading on significant economic events like the CPI, NFP, and A
FREE
Wicks UpDown Target GJ
Lee Teik Hong
Indicators
Wicks UpDown Target GJ Wicks UpDown Target GJ is specialized in GJ forex pairs. Choppy movement up and down on the opening range every day.  Trading breakouts on London session and New York session is recommended. Guideline Entry Strategy Idea: Step 1 - Breakout Forming (Warning! Trade on London Session and New York Session) Step 2 - Breakout Starting (Take Action on your trading plan) Step 3 - Partial Close your order & set breakeven (no-risk) Step 4 - Target complete Step 5 - Don't trade
FREE
Heiken Ashi Button
Lee Teik Hong
4.75 (4)
Indicators
Heiken Ashi Button Heiken-Ashi , often spelled Heikin-Ashi, is a Japanese word that means "Average Bar." The Heiken-Ashi approach can be used in conjunction with candlestick charts to spot market trends and forecast future prices. It's useful for making candlestick charts easier to read and analysing patterns. Traders can use Heiken-Ashi charts to determine when to stay in trades while the trend continues and close trades when the trend reverses. The majority of earnings are made when markets a
FREE
Key Level
Lee Teik Hong
Indicators
Key Level  Key Level is a MetaTrader 4 Indicator that uses a proprietary algorithm based on Price Retracement/Breakout Method to show the Entry-Line on your trading. Instead, it analyzes data of market and identify entry points and opportunities. (Price Retracement / Price Breakout) It's also a trading tool that be used to practice and enhance your manual trading skills. Key Level is an amazing tool for Scalping Trader. It also a trading tool that be used to practice and enhance your manual trad
FREE
Onrex IV
Lee Teik Hong
5 (1)
Utilities
ONREX IV  ONREX IV is a trading tool that be used to practise and enhance your manual trading skills. It's also Auto Trading Expert Advisor. Don't worry if your trades goes in the wrong direction, ONREX IV will take over and try to manage and control your risk management. ONREX IV offers a trading interface panel that allows traders to trade manually or opt FULL AUTO TRADING. It's also set to hide the Take Profit and Stop Loss. ONREX IV has its own Magic Number, please use trade button on the p
FREE
Idea Pro Trend
Lee Teik Hong
Utilities
Idea Pro Trend This EA is a Semi-auto Trading Panel with a variety of strategic settings, such as those listed below. It is excellent for scalping or long-term trading by traders. This EA is simple and convenient to trade and attach to the chart with the default settings on "AUDUSD", EURUSD, GBPUSD and NZDUSD. How to use You can trade based on the trend that is displayed on the left-hand side of Info Panel. If the trend are" 2 Up Trend" and "2 Down Trend", please do not trade. Simply proceed w
FREE
Footmarks Pro
Lee Teik Hong
Indicators
Footmarks Pro Footmarks Pro is a MetaTrader 4 Essential Indicator that create round number or sweetspot on chart with "Button". Parameter Indicator Name - Footmarks Pro Pair Selection - 250 points / 500 points / 1000 points Sweetspot Setting Sweetspot Line Color Sweetspot Line Style Sweetspot Line Thickness Sweetspot Button Setting Button Axis-X Button Axis-Y Thanks...
FREE
Emini Trade Panel
Lee Teik Hong
Utilities
Emini Trade Panel Price - Launch Promotion: FREE - Normal Price: $50 Symbol Recommended - S&P 500 Index Timeframe - 5 minutes Main features - Click Button on Chart. - Auto StopLoss Mode: Previous Bar Setting - Trailing Stop ON/OFF - Active Time To Highlight Setting - Color Scheme Selection - Show Profit/Loss Label EA Ideas - A Successful Professional Trader scalping 1 Point and use Price Action Stops. - Trade very small. The smallest you possibly can trade. - Take a look for Swing trades a
FREE
Onrex IV Premium
Lee Teik Hong
Experts
Expert Advisor The Onrex IV Premium uses intraday breakout with RSI levels to execute trade. Positions are opened in accordance with the chosen risk and capital management regime: lot size corresponding to account balance and fixed lot. It's a trading tool that be used to enhance your manual trading skill and Auto-Trading Expert Advisor also. Don't worry if your trades goes in the wrong direction, ONREX IV will take over and try to manage and control your risk management. ONREX IV offers a tra
Footmarks Trend MQ4
Lee Teik Hong
Experts
Footmarks trend MQ4 (FTMQ 4) Footmarks trend MQ4 ( FTMQ 4 ) is a MetaTrader 4 Expert Advisor that allows you to use a combination of "Price Trend Method" and "Time allow to trade" to fully automate your trading with Dynamic Grid Strategy. This is a GOLD / XAUUSD trader's expert. Real-time results can be viewed here . Unique Features Dynamic GRID MARTINGALE  allows Set SMART-Loss turn ON allow Recommended Info Symbol XAUUSD / GOLD Timeframe M15 Settings Default Lots Size   0.01 Minimum Deposi
Super Trend Button
Lee Teik Hong
5 (1)
Indicators
Super Trend Button Super Trend is a trading strategy according to which one should trade Forex or Stocks when its price trend goes up, and trend goes down, expecting price movements to continue. “The trend is your friend” agree? Features -   Special Button   : Quick hide/show   Super Trend   chart. ( Make your Chart more clean and clear easily) -   Color   : You have the option of customising your favourite colour of   Up Trend or Down Trend . -  Super Trend Periods   : You have the option to c
Smart ADR
Lee Teik Hong
Indicators
Smart ADR as an indicator displays the average daily range of 3 timeframes such as Daily, Weekly, and Monthly.  Using the combination of 3 timeframes of ADR as a reference to shows fixed range and dynamic range targets as lines on your charts.  Inputs Smart ADR Parameters Indicator Name - Display the indicator name Daily Periods - Display the Daily Periods of ADR Weekly Periods -  Display the Weekly Periods of ADR Monthly Periods -  Display the Monthly Periods of ADR Daily Line Show ON - Set T
Wicks Trade Panel Premium
Lee Teik Hong
5 (1)
Utilities
Wicks Trade Panel Premium  It's a Trade Panel include Order Management & Risk Management for serious trader. Especially for those traders who pay attention to important events like the CPI, NFP, and ADP. A one-of-a-kind faster technique to fix the Entry Price by simply pointing the mouse pointer at it. This is what I enjoy about it. Automatically closing 50% order size lots when setting TRUE on Breakeven Status. It's especially useful when trading on significant economic events like the CPI, NF
Breakout Preparation
Lee Teik Hong
Indicators
Breakout Preparation Choppy movement up and down on the opening range everyday.  Trading breakouts on London session and New York session is recommended. Setting a bounce for a certain time zone and trade when the bounce reveals a break through.   Input Parameter Indicator Name Days to Show Start Time to Analysis End Time to Analysis Bounce Show till Time Chart Setting Color Scheme Selection Happy Trading and thanks for support.
Wicks UpDown Target
Lee Teik Hong
Indicators
Wicks UpDown Target Choppy movement up and down on the opening range every day.  Trading breakouts on London session and New York session is recommended. Wicks UpDown Target is specialized in all forex pairs. Guideline Entry Strategy Idea: Step 1 - Breakout Forming (Warning! Trade on London Session and New York Session) Step 2 - Breakout Starting (Take Action on your trading plan) Step 3 - Partial Close your order & set breakeven (no-risk) Step 4 - Target complete Step 5 - Don't trade in Sto
Idea Pro Trend Premium
Lee Teik Hong
Utilities
Idea Pro Trend Premium This EA is a Semi-auto Trading Panel with a variety of strategic settings, such as those listed below. It is excellent for scalping or long-term trading by traders. This EA is simple and convenient to trade and attach to the chart with the default settings on AUDUSD, EURUSD, GBPUSD and NZDUSD. How to use You can trade based on the trend that is displayed on the left-hand side of Info Panel. If the trend are" 2 Up Trend" and "2 Down Trend", please do not trade. Simply pro
Emini Signal Bar
Lee Teik Hong
Indicators
Emini Signal Bar Price - Promotion: $100 - Normal Price: $200 Symbol Recommended - S&P 500 Index / US500 Timeframe - 5 minutes Buffer Information - Buy Trade Buffer = 2 - Sell Trade Buffer = 3 Main features - Show Buy Signal Bar and Sell Signal Bar on Live Chart. - Get Alert from signal bar. - The precision of the Alert is superior to dots. (Alert is active at that time) - Dots will be recalculated after reset the properties. After the Alert is displayed, kindly make your decisions to trade.
Key Level Premium
Lee Teik Hong
Indicators
Key Level  Key Level is a MetaTrader 4 Indicator that uses a proprietary algorithm based on Price Retracement/Breakout Method to show the Entry-Line on your trading. Instead, it analyzes data of market and identify entry points and opportunities. (Price Retracement / Price Breakout) It's also a trading tool that be used to practice and enhance your manual trading skills. Key Level is an amazing tool for Scalping Trader. It also a trading tool that be used to practice and enhance your manual trad
GPT Candlestick
Lee Teik Hong
Indicators
GPT Candlestick T he Indicator show algorithm of Candlestick Automatically. GPT Candlestick is a MetaTrader 4 Indicator that uses a proprietary algorithm based on Price of Moving Average and Average True Range to show the Color of Candlestick on your trading. Means candlestick is going Up or Down (View Simply). I nstead, it analyzes data of market and identify entry points and opportunities. I t's also a trading tool that be used to practice and enhance your manual trading skills. GPT Candlestic
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lauro1956
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lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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