The Auto Fibonacci Clusters indicator was created to help to identify important support and resistance points based on retracements, extensions and expansions of main swings.
The indicator is on the FT4, FTGT4, FT SRV version r110 or later.
This indicator will process swings on different Fibonacci proportions and different time frames finding where retracements, expansions and extensions create clusters, then will display the 9 most valid clusters.
You will have 3 indicators:
Base on the swings the program will then calculate a large quantity of retracements, expansions and extensions, with that done the indicator will find places where these lines are close enough and mark that as a possible cluster. Cluster will be then compared and the 9 most important ones will be displayed.
You can turn on the alarm and every time a bar closes crossing any of the support/resistance lines you will get the alarm.
* Trading any market carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite.
* The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
* The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.
* You should be aware of all the risks associated with foreign exchange, futures, stocks, options, Cryptocurrencies trading, and seek advice from an independent financial advisor if you have any doubts. We do not offer any advise and trade using our software is at your own risk.
Copyright © 1996-2019
Fibonacci Trader Corp.