The use of Fibonacci numbers in trading is as common and as it is multifunctional but the correct calculation points are the difference between a useful and a worthless drawing. When dram correctly Fibonacci Levels can not only be used for trade entries and stop placements but also for detection of key support and resistance levels, position management and many more.
The Automatic Fibonacci Indicator contains 4 independent powerful modules in one Indicator to calculate and draw Fibonacci’s that matches your personal preference not matter on which market or period you use it.
Session Fibonacci: Based on the current trading session.
Swing Fibonacci: Based on market swings.
Rolling Period Fibonacci: Based on custom periods.
Fibonacci Bands: Based on an average Price or Volume in combination with Fibonacci offsets.
No matter if you use one or multiple different Fibonacci modules, this indicator is your first choice when it comes to fully automatically Fibonacci plots directly on your trading chart. It makes using Fibonacci numbers easier than ever before.
The Automatic Fibonacci Indicator is fully customizable to fit your style of trading. Whether you trade Futures, Stocks or Forex markets. It can be used on any instrument and any chart period.