Titan Fibonacci Levels

Titan Fibonacci Levels

The Titan Fibonacci Levels indicator creates a highly accurate market level structure, allowing you to identify potential zones of reversal, continuation and movement targets.

Indicator concept

The calculation is based on three main elements:

• Opening of the period (Opening Pivot);

• It serves as the central point of market equilibrium;

• Amplitude of the previous period (Range);

• Calculated by the difference between High and Low of the previous period.

Range Fibonacci Projections

The indicator applies multiple Fibonacci ratios to project dynamic supports and resistances above and below the open.

Calculated levels

The indicator automatically projects the following levels:

Supports (S):(S11.8, S23.6, S38.2, S50, S61.8, S76.4, S100, S111.8, S127.2, S141.4, S161.8, S200, S230.9 and S261.8)

Resistances (R): (R11.8, R23.6, R38.2, R50, R61.8, R76.4, R100, R111.8, R127.2, R141.4, R161.8, R200, R230.9 and R261.8)

Indicator Features

✔ Automatic calculation based on the selected timeframe;

✔ Pivot of central market opening;

✔ Expanded Fibonacci levels (up to 261.8%);

✔ Automatic supports and resistances;

✔ Automatic update with each new period;

✔ Configurable colors and thicknesses in the MT5 "Colors" tab;

✔ Level names displayed on the right side of the graph;

✔ Optimized code (no line blinking);

✔ Compatible with any asset and timeframe.

Interpretation

• Price above Opening Pivot;

• Indicates purchasing predominance;

• Price Below Opening Pivot;

• Indicates seller predominance;

• Resistances (R) possible rejection or profit-taking zones;

• Supports (S) possible buyer reaction zones;

• The more distant levels (127.2, 161.8, 200 and 261.8) often function as trend expansion targets.

Trading applications

The indicator can be used in several strategies:

• Scalping;

• Day trading;

• Swing tradinha;

• Breakout tradinha;

• Price Action;

• Also works well in conjunction with Moving averages, momentum indicators, Market structures, Volume.

Advantages of Titan Fibonacci Levels

• Clear structure of market tiers;

• High adaptability to different assets;

• Clean and professional interface;

• Low resource consumption;

• Easy visual interpretation.