When you simultaneously use the fibonacci levels from the lower and higher timeframes, you get a confusing chart with a lot of different lines that, at first glance, do not make any sense.
The best way to improve the appearance of the chart for easier and more convenient work with its data is to remove the fibo levels that you no longer need, for example, those levels whose price was not triggered by support or resistance.
With the Fibo Pro utility, you can turn on or off the Fibonacci levels from your chosen set, while maintaining the default fibo settings without having to open the object settings panel – just turn on and off the necessary levels using the panel on the left side of the chart.
Fibo Pro is an interactive utility. As soon as you change any level, the changes are immediately reflected on the chart, making the analysis easier and faster.
Fibo Pro remembers the level configuration you set for specific objects every time you want to change the settings.
Once you have set the necessary settings, click OK to close the interactive level panel.
Fibo Pro can also switch to the Fibonacci level format with four combinations that you have pre-configured. It is very easy to do this – just click on the desired set of colors, thickness and style to highlight the value of individual fibo levels or timeframe.
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Fibo Pro levels and labels are fully customizable. You can set several levels that you are used to watching, or as many as your MetaTrader will allow.
Just make a list of the required fibo levels, separated by commas, and the same number of labels in the adjacent field.
You can set level labels, as well as choose to display the Fibonacci retracement levels or trend persistence.
It is now much easier to work with the Fibonacci retracement levels to assess the risk / return ratio of your strategies.
Fibo Pro is a tool that is necessary for every analyst who uses Fibonacci retracement levels.
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