Automated Fibonacci Retracement Indicator
- Индикаторы
- Eko Baskoro
- Версия: 1.0
- Активации: 5
Fibonacci retracement is an object or function that is often used by traders to determine values of fibonacci levels. When to open position, where is the breakout or limit point, stop loss position and take profit position can be determined based on fibonacci levels. But commonly, this object only can be used manually in Metatrader 4 (MT4).
Therefore we need an indicator of fibonacci retracement. The use of indicator will make decision making easier, faster, and more consistence.
| We recommend testing the indicator in the back test before making a purchase. |
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Automated Fibonacci Retracement Indicator is an indicator that can be used to determine trend direction and values of fibonacci levels but it doesn't provide in the MT4 platform.
This indicator can be used on many pairs and all timeframes as well.
This indicator is consist of Moving Average indicator and other calculations are needed.
In this indicator you can choose to use Moving Average function or not.
This indicator can choose the best position, range and values of Fibonacci Retracement.
You can combine this indicator with other indicator based on your trading style.
| Try this indicator and define how good the results of this indicator! |
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Main Inputs
- EMA_1_Period
- EMA_2_Period
- Max_History_Bars
- Using_EMA_Filter
Other Inputs:
- Bullish_Fibo_Color
- Bearish_Fibo_Color
- Buffers_Size
| Trading wisely with always using money management strategy! Good Luck!!! |
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