ChannelsFIBO indicator: trade by Fibonacci levels

ChannelsFIBO indicator - is a modification of the MA Channels FIBO indicator, in which the re-rating has been eliminated and the calculation of values has been accelerated several times.

ChannelsFIBO indicator looks for the maximum price shift from moving average on the selected interval and takes it as 100% of the channel. Based on this offset, the line indicator with percentages by Fibonacci numbers.

According to the experts of fortrader.org magazine, indicators based on Fibonacci levelsare some of the most accurate and profitable indicators on the . Therefore, the use of the ChannelsFIBO indicator will increase the effectiveness of any trading strategy.

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Other indicators on Fibonacci numbers