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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
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Spot trading
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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.
Last modified 2yr ago