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this index has been based on fibo levels.

The indicator does not redraw!

All levels of the indicator are adjusted at the trader’s petition:

  • CorrectLvl – correction level, at which the level of 100 is drawn (the market made the first move). the advised parameter is 0.055.
  • Profitlvl-auxiliary level of exit from the market with a profit.
  • ReversLvl – the level from which we stop trading in this direction of the fibo. The recommended parameter is 0.5.
  • RestrictLvl-an auxiliary level that helps to cut off the overbought / oversold market.
  • pBand-adjusts the sensitivity of the fibo grid calculation (in bars). Recommended parameter 13.

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