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Abiroid Auto Fibonacci Indicator

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Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 314.69%
7-Day Profit: 170.22%
Support: 24ั…7 via Telegram
Get EA๐Ÿ†
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 48.46%
7-Day Profit: 0%
Support: Developer
Get EA๐Ÿ†

Overview of Abiroid Auto Fibonacci Indicator

  • This is a powerful tool that automatically adjusts Fibonacci retracement levels based on market movements.
  • It is designed for ease of use, making it suitable for both beginners and experienced traders.
  • The indicator can help identify key support and resistance levels, thereby improving trading decisions.
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    Key Features

  • Automatic Calculation: The indicator auto-calculates up to 7 Fibonacci levels based on user-defined chart parameters.
  • Real-Time Updates: As new highs and lows occur, the Fibonacci levels are updated automatically, providing traders with real-time data.
  • User-Customizable: Traders can tweak settings for different market conditions, making it adaptable for various trading strategies.

    • Functionality

  • High/Low Detection: It can state high/lows automatically using methods like ZigZag and 3LZZ Semafor.
  • Golden Zone Marking: Users can define a 'Golden Zone,' helping to highlight critical price areas for potential reversals.
  • Visual Aids: The indicator provides clear visual signals, marking important Fibonacci levels on the chart. ๐Ÿ“ˆ

    • Practical Application

  • This indicator is best utilized along with other technical analysis tools such as Pivots and Support/Resistance indicators.
  • Trading Strategies: Utilizing the Fibonacci levels, traders can make informed decisions on entry and exit points, enhancing the success rates of their trades.
  • Multiple Timeframe Compatibility: It works across various timeframes, making it suitable for day trading, swing trading, or long-term strategies.

    • User Reviews and Ratings

  • The indicator has received a high rating of 4.93 based on 33 reviews, indicating strong user satisfaction.
  • Users appreciate its simplicity and effectiveness in identifying potential price reversals.
  • However, some reviews suggest using it in conjunction with other indicators for improved accuracy.
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