Fibonacci High-Probability Zones for Amibroker (AFL)
Typically used for day trading based on previous day trading range but this will be adjusted automatically according to the chart interval (If you need to finetune them, jump in and change the ‘Periodicity’ to your heart’s content). For longer trading timeframes, Weekly, monthly or yearly price range may be optimally selected for you. The indicator plots high-probability Fibonacci zones which are the regions most likely to see a reversal during the current trading day. Look for a bounce off one of the levels while the Stochastics is turning up from the oversold area on the 15-min chart (the reverse for a short trade).
The center black line is the daily pivot point.
Submitted by jayman2005 almost 4 years ago
- Auto retracment
- Fibonacci Internal & External Retracements (Modified))
- Automatic Fibonacci Levels
- Automatic Fibonacci
- fibonacci extension updown
- Fibonacci Cluster
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