Skill Trend Fibo
Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool!
Skill Trend Fibo algorithm detects the trend, filters out market noise and gives entry signals with exit levels.
The new features with enhanced rules for statistical calculation improved the overall performance of this indicator.
Auto Fibo with smart Trend Detection
I want to present to you my solution in the implementation of automatic drawing of Fibo levels on the whole trend and the last trend leg. The logic of the indicator is based on the principle of swings, and when indicator gets a signal for a trend direction change, the previous key point before reversing is considered the start point of the indicator's drawing. When you test the indicator, note that changing the direction of the whole trend leg of Fibonacci often leads to a reversal of the trend. This is the main feature of the indicator that the moment of the beginning of drawing is the moment of the trend reversion by the swing logic.