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Fibonacci Swing Scalp


Fibonacci Swing Scalp (Fibonacci-SS)

The indicator automatically sets the Fibonacci lines at the highs and lows of the visible part of the chart. There is an automatic system of pending orders (buy/sell), stop Loss (Stop Loss), take profit 1 (Taking Profit 1), take profit 2 (Taking Profit 2), as well as the most optimal risk-to-profit ratio.

The indicator is quite simple and effective.

The indicator coefficients are based on mathematical proportions, which are often found in nature and objects created by man. A timely forecast of the market situation and effective indicators will provide you with a significant advantage over most traders in the Forex market.

The product is suitable for swing and scalper trading on any timeframe. It can be effectively used in combination with moment indicators or oscillators, such as CCI, RSI, or Stochastic.

  • Depth-offset = calculated bars – depth (default is 12).
  • Deviation – high / low price deviation (default is 5).
  • Backstep-show entry points on the history for visual analysis on the chart.
  • Alert – enable / disable push notifications when the price touches the Fibonacci zone.
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