The DFP Reconnoiter Ultimate technical indicator specially designs for the most popular Daily Fibonacci Pivot Strategy traders. My most preferred time frame is M30 and you can use your own time frame with combining your own strategy. The Reversal Candlestick Pattern Scanner detecting patterns by M15, M30, H1 and H4 charts. And the Currency Strength Meter doesn’t work in the MT4 Strategy Tester mode.

v1.0 Parameters

the MA can't do anything visually Can't get rid of it

Important message to DFP Reconnoiter users: The DFP Reconnoiter Deluxe and Economy products have been removed from the marketplace and are no longer available. If you have purchased the Deluxe or Economy version, please contact me via private message. I will arrange for you to receive the Ultimate version after confirming all the details. Thank you for your understanding.

Strategy

• Monitor the Average True Range (ATR) for the last five-day period, ensuring it has been exceeded in the previous day's trading session.
• Draw Fibonacci levels on the chart.
• If the price is currently above the current day's central pivot, draw Fibonacci levels from the previous day's low to high.
• If the price is currently below the current day's central pivot, draw Fibonacci levels from the previous day's high to low.
• Look for a confluence of Fibonacci retracement levels with the daily central pivot.
• Once a confluence is identified, observe if the price retraces to that level.
• At the identified confluence, traders have two options: either enter the market immediately or wait for a confirmatory candle signal or a change in currency strength to occur at the confluence before entering the trade.

Advantages of choosing DFP Reconnoiter as your trading indicator:

• Incorporates the most popular indicators for the Daily Fibonacci Pivot Strategy.
• Provides accurate signals by analyzing Fibonacci retracement levels, Pivot levels, Candlestick patterns, ATR, and ADR levels.
• Fully customizable parameters allow for tailoring the indicator to suit individual trading strategies.
• Offers a comprehensive data panel to view indicator information at a glance.
• Suitable for trading with any symbol or asset.
• Signals are quickly indicated and notifications are sent via multiple methods.
• Activate or deactivate each notification function according to personal preferences.
• Includes additional features such as Reversal Candlestick Pattern Scanner and Currency Meter for enhanced signal accuracy.
• Allows for visual customization of each indicator's graphic objects for personalized chart representation.
• Comprehensive alert system with pop-up alerts, email alerts, and mobile notifications to never miss a trading opportunity.

v1.0 Features

• Comprehensive Indicator Package: Includes the most popular indicators such as Pivot, Fibonacci, ADR, ATR, and MA.
• Enhanced Signal Accuracy: Features Reversal Candlestick Pattern Scanner, Currency Meter, and Candle Power Extractor for more precise signals.
• Customizable Indicators: Allows users to fully customize each indicator to align with their own trading strategy.
• Data Panel: Provides an additional panel to display indicator data for easy reference and analysis.
• Compatibility with All Symbols: Suitable for trading with any symbol or asset, offering versatility to traders.
• Quick Signal Generation: Generates signals promptly, ensuring timely trade entries and exits.
• Multiple Notification Methods: Notifies users through various methods such as pop-up alerts, email alerts, and mobile notifications.
• Activate/Deactivate Function: Enables users to quickly activate or deactivate each indicator as needed.
• User-Friendly Interface: Designed with a user-friendly interface for intuitive navigation and ease of use.
• Improved Trading Decisions: Empowers traders with a comprehensive set of indicators and tools to make informed and confident trading decisions.