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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.

Trading Signals

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.

Indicator Preferences

Currency pairs: any

Time frames: any

Trading sessions: any

Download

Download the ifibonacci.mq4 indicator.

Configurable Indicator Options

Fibonacci Arc levels, Fibonacci retracement levels, Fibonacci expansion levels, Zig zag settings, Fibonacci Fan levels, colors,…

EUR/USD M5 Chart Example

forex-fibonacci-indicator

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