Fibos indicator: automatic construction of Fibonacci levels
Fibos indicator - is another version of the technical indicator for MetaTrader 5, which automatically plots on the price chart of the currency pair Fibonacci levels.
The trader only needs to specify the number of bars in the settings, on which the indicator Fibos itself will find Low and High points and build Fibo levels.
Fibonacci levels are one of the most popular tools among traders for trading on the foreign exchange market. It's quite possible that it is Fibos levels indicator will become your reliable assistant in determining support and resistance levels and setting stop-loss and take-profit orders.
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