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Auto Fibonacci Pro Trading View Indicator

$59.95
Auto Fibonacci Pro Trading View Indicator

Auto Fibonacci Pro Trading View Indicator

$59.95
description

Description 

The AutoFib is a useful tool that automatically calculates and plots Fibonacci Retracement levels. Each period, the AutoFib evaluates the price history over a user-specified number of bars. It then finds the extreme high and extreme low points for that window and then uses those values to establish 5 levels based on Fibonacci’s golden ratio.

Why Those Indicators? -

The AutoFib provides traders with a simple visual representation of support and resistance levels. The tool’s automated nature means that the levels are dynamically adjusted to account for new extreme highs and lows, as well as irregular movements.

Explanation of the Graph 

When the bands are located closely together, the security is experiencing high volatility. A large gap between the top and bottom levels signify a price outbreak. When the price crosses the middle 50% level, it is likely (but not guaranteed) to continue in that direction.

What is it Used For? 

The AutoFib is a valuable tool for any period.

How to install

Enter your TradingView user name into the forum on the product page when you purchase the indicator.

Within 24 hours our team will validate the username and purchase, which will let them send you our invite only scripts

Your indicator will be shown in the "invite only scripts" category under your "Indicator" panel in Trading View

 

*We have no affiliation with TradingView.com, we purely sell studies and strategies based off the proprietary pine script language used on Trading View