FiboCalc indicator or Fibonacci calculator
FiboCalc belongs to the type of information indicators, in its work it relies on the readings of Fibonacci grids from the previous rise or fall.
The indicator will be convenient for working on low-volatility and trending pairs. It determines the opening signal, as well as the entry point and StopLoss and TakeProfit levels (38.6%, 50% and 61.8% according to the Fibonacci grid from the previous trend) independently, helping in trading. Channel lines can be used as support and resistance levels.
ForTrader.org comments: FiboCalc indicator is obviously aspiring to the role of an expert who, however, does not open trades himself. We would recommend to check the profitability of such an assistant in advance, as the markets tend to change.