Easy Fibo Indicator
EasyFibo is an exclusive indicator to use fibo levels in a very simple way.
Fibonacci levels is a very important tool in trading, used by technical as well as fundamental traders.
Unfortunately usual fibo indicators are difficult to use.
Now with EasyFibo it is easy to use fibo levels to trade.
The indicator uses color codes to identify the extensions levels that match with the pullbacks levels.
Once you identify a pullback in a trend you can easily set your profit target using the EasyFibo indicator.
Trading has never been so easy with EasyFibo indicator.
Inputs of the indicator are:
- FiboAnchoColor: color of the stretched line defining high and low points of the move
- MainFiboColor: color of levels lines defining high and low of the move
- FiboLevel1: color for levels 38% 50% and 62% pullbacks and the corresponding extension level
- FiboLevel2: color for level 78% pullback and the corresponding extension level
- FiboLevel3: color for level 86% pullback and the corresponding extension level
The EasyFibo indicator can be used with any class of assets: Forex, Futures, Commodities, Equities.
The EasyFibo indicator can be used with any time frame.