PZ Fibonacci

What is PZ Fibonacci?

PZ Fibonacci is an automatic trading indicator designed for MetaTrader platforms. It eliminates the tedious task of drawing Fibonacci retracements or extensions manually, saving traders valuable time and effort. This indicator calculates Fibonacci levels based on two price points, ensuring accurate and timely analysis. 📈

Key Features

• Automatic Drawing: PZ Fibonacci automatically plots Fibonacci retracement and extension levels without the need for manual intervention, making it user-friendly.
• Settings Customization: The indicator allows traders to adapt settings, such as amplitude and behavior, giving flexibility in various market conditions.
• Chart Adaptability: It adjusts to the size and zoom level of the chart, providing a clear view whether you are zoomed out or diving into the price action. 🔍

Author and Rating

This indicator is authored by Arturo López Pérez, a private investor and software engineer known for his innovative solutions in trading tools. PZ Fibonacci boasts an impressive rating of 4.83, reflecting user satisfaction and reliability in real-time trading scenarios.

Technical Specifications

• Platform Compatibility: Available for both MetaTrader 4 and MetaTrader 5.
• Installation: Straightforward installation process, meant to cater to traders of all skill levels.
• Usage Scenarios: Suitable for various trading strategies including scalping and long-term investing.

Traders' Perspective

Users have praised PZ Fibonacci for its accuracy and effectiveness in identifying key support and resistance levels that often lead to profitable trades. The automatic functionality means traders can focus more on decision-making rather than technicalities. 🚀