This plots Fibonacci deviation levels above and below a moving average of the price.
Companion indicator to the "Golden Bull Wave Trader" expert advisor which uses volume\price trend to determine price reversals.
The expert advisor and this indicator were created in order to:
- Identify ideal and repeatable trade entries with high level of certainty
- Create a day trading strategy which doesn’t require a hard SL and TP
- Use alternate risk management mechanism instead
- Visualize and auto manage trades based on S/R