Fibo Meta4 Indicators

Fibonacci was already so popular to traders. So now it's almost all trading platform there is a fibonacci calculator facility, which will automatically calculate and stayed put. Some things to note in the use of indicator fibonacci:

Fibonacci Retracement Levels
This level of functionality is for informational Support of Resistance, where usually trader will open buy/sell after the price touched the level points

Fibonacci Extension Levels
Traders generally use this level to determine the position of the point where they have to take the take profit.

A few things to note are:

1. Fibonacci indicator only works properly in the event of a trend
2. To be able to use fibonacci you must specify the swing/lowest price and highest range.

 The picture below is the fibonacci indicator (FiboPiv_v3)

A combination of FiboPiv_v3 with FiboFan_8

For those of you who want to know the history of the emergence of the fibonacci indicator please read the history of Fibonacci Theory

Download Fibo Meta4 Indicator