Auto Fibonacci Button

5
  • Göstergeler
  • Lee Teik Hong
    Lee Teik Hong

    Lee Teik Hong

    4.1 (11)
    THE FOREX CUES
    AN EFFECTIVE PLAN WITH A HIGH-QUALITY STRATEGY
    A lucrative trade is frequently generated by the "Repeat and Repeat" pattern. Many expert traders that I believe, would agree with this assertion.
    18 ürün
  • Sürüm: 1.0
  • Etkinleştirmeler: 20

Auto Fibonacci Button

The Fibonacci retracement is a popular and reliable technical analysis tool for traders to determine support and resistance areas. 

It employs the "Golden Ratio," a mathematical pattern seen throughout nature and even the universe, to forecast particular levels of support level and resistance level. 

This tool is generated in technical analysis by dividing the vertical distance between two extreme points on the chart (typically a peak and a low) by the important Fibonacci coefficients of 23.6 %, 38.2 % , 50 % , 61.8 % , and 100 % .

Because so many traders utilise this trading approach and keep an eye on these price levels, the Fibonacci levels frequently become a self-fulfilling prophesy.

A Fibonacci retracement tool is available on the MetaTrader 4 platform, which allows the user to draw one on the chart.


But how do you represent this on a graph? 

Use "Auto Fibonacci Button"
Değerlendirmeler 1
lauro1956
5767
lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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lauro1956
5767
lauro1956 2024.10.13 10:46 
 

Excellent guide from Mr. Lee

Very clear, simple and effective

5 stars

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