The next indicator draws Fibonacci supports and resistances (9 lines based on next percentages 0%, 100%, 50%, 23.6%, 38.2%, 61.8%, 76.4%) based on predetermined number of bars.
It has the next input:
- periods: Number of periods to calculate Fibonacci levels.
- The indicator repaints past data when changing timeframe, pair or updating so the only important data is present data that means it makes no sense to backtest how price reacted to the levels.
- This is a DEMO version that only works on AUDJPY chart if you want the full version buy the product FibonacciDynamic.
-The possibility to change timeframe calculation from the indicator without having to change chart timeframe.
-Customizable prices that can be switched off changing "true" for "false".
-An alert displaying next message: "This is a DEMO version that only works on AUDJPY charts".