Are you automatic fibonacci forex indicator of plotting fibonacci retracements or extensions manually? This indicator displays fibonacci retracements or extensions automatically, calculated from two different price points, without human intervention.
Extensions indicator available for the Metatrader platform. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Indicator Settings Edit the size of the small fibo object and the behavior of the indicator. Drawing Settings Choose line widths for each type of price line.
Once the fibonacci objects are drawn, it will not repaint for a while. But as new bars appear and close in the chart, old bars are pushed out of the chart to the left, and eventually, the fibonacci objects will redraw using the latest price data. If I zoom in or out, the fibonacci objects change! Correct, the big fibonacci object tries to encompass the maximum price range visible in the chart. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we’ll never solicit payments in the comments section.