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.
Supported Trade Types
Exchange Website to monitor
Currency Pair to monitor for trade signals
Number of candles (or time periods) before an action is taken.
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.