Fibonacci Retracements

Fibonacci Retracements are a technical analysis indicator that evaluates the high and low points of the chart, then places a Fibonacci Retracement from the high point to the low point. Buy signals are generated when the price is below the 50% retracement, while sell signals are generated when the price reaches above the 50% retracement.

In its current implementation, the Fibonacci Retracement indicator is experimental.

Tip: Use during sideways markets or to confirm trends with reversed signals.

Interface

Supported license & Trade types

Supported License	Supported Trade Types
	Spot trading
	Margin trading
Advanced license	Leverage trading

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

• Length

  • Number of candles (or time periods) before an action is taken.

Usage

This indicator is useful for longer time periods (1 to 4 hours). This indicator works well in high volatility as it assumes that the middle of the retracement will be stable in terms of price fluctuations.