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Fibonacci Automated indicator

Fibonacci trading simple!

Advantages of using the “Fibonacci Automated indicator” :

  • Automatically plot Fibonacci retracement, extension, channel, fanon the graph .”
  • The levels are active, and  it can be used for breakout strategies!
  • Compatible with all ordinary timeframes !
  • Patterns are completely customizable to suit your own trading style
  • Does not repaint! The signal breakOut is given in real-time and allows you to operate without any delay
  • Can be integrated into any indicator, using ProRealTime’s ProBuilder function
  • Can be integrated into any automated trading strategy, using ProRealTime’s ProBackTest function to test strategies
  • The indicator is sold with a ProScreener program (included for the same price), that scan the patterns in realtime, on any market and for any compatible timeframe

Free update for ProRealTime V11

You will receive this screener and the indicator in the next 1 hours

 

This product works in any Futures, Forex or Stock/ETF Markets
CAUTION: The associated screener is not yet compatible with ProRealTime v11

Description

Fibonacci Automated indicator

This ProRealTime indicator Plot on the graph the following Fibonacci functions:

  • Extension
  • Retracement
  • Fan
  • Channel Retracement
  • Channel Extension.

It can be used for the following time intervals

  • Daily
  • hours
  • minutes
  • Second

It cannot be used in the following time intervals

  • weekly
  • Monthly
  • Ticks

HOW THE INDICATOR WORKS:

This indicator plots the segments of the fibonacci levels automatically on the graph. To set the size of the retracement, use the zigzag function, contained in the indicator. After choosing the period, it will suffice each time to select the fibonacci function preferred among those available. The following video shows some details.
This indicator, not only draws fibonacci retracements, but allows setting retracement levels, both horizontal and oblique, to detect breakout. The level breakout generates a signal. This signal can be recalled in an automated strategy, in a screener, or by an indicator. The one who is practical in programming, understands the endless possibilities that are offered. Finally, you can build an automatic strategy on the breakout of fibonacci retracements, both for the channels and for the fan.