Auto Fibonacci Retracement Indicator
An excellent tool for plotting Fibonacci levels easily. Free download. A suitable indicator for perfect trade entry and exits points.
One of the handy tools for technical analysis is a Fibonacci retracement. If you are not familiar with Fibonacci retracement, do not fret. Essentially, the tool uses a Fibonacci sequence which includes 0,1,1,2,3,5,8, 13 and so on. When you divide the Fibonacci numbers with the adjacent numbers, you get the Fibonacci ratios. The Fibonacci retracement tool plots these ratios on the price chart. Essentially, you have to identify the highs and the lows of the chart before plotting the indicator. Well, identifying the highs and actually plotting the chart can be a taxing task. Needless to say, you are susceptible to making mistakes, especially if you are not conversant with the indicator. Luckily, we have the Auto Fibonacci Retracement indicator for Mt4 – download free. As the name implies, the indicator plots the indicator on the chart automatically. It identifies the high and the low of the chart for you. This means you do not have to set the two points explicitly.
The best part is that, the auto Fibonacci indicator can be used in all time frames and currency pairs.
Save time withd software.
Related products.
$0
$0
$0