Best Fibonacci Forex Trading Indicator
This is the best and most advanced forex Fibonacci trading indicator I have ever seen. This indicator draws all Fibonacci retracements (0.0, 0.382, 0.5, 0.618, 1.0) + custom levels, Arc and Fan, expansion levels and time zones.
Buy signal: In an up trending market, look to go long near the 0.382 retracement level (buy on dips).
Use the Fibonacci expansion levels to determine possible profit targets for your long trade or use your own profit objective method.
Sell signal: In an down trending market, look to go short near the 0.382 retracement level (sell on rallies).
Use the Fibonacci expansion levels to determine possible profit targets for your short trade or use your own profit objective method.
Currency pairs: any
Time frames: any
Trading sessions: any
Configurable Indicator Options
Fibonacci Arc levels, Fibonacci retracement levels, Fibonacci expansion levels, Zig zag settings, Fibonacci Fan levels, colors,…
EUR/USD M5 Chart Example