Fibonacci BuySell Area Auto

Fibonacci BuySell Area Auto

This Indicator is based on Fibonacci levels and draws Buy & Sell Areas. Buy areas are defined in green color (light green & dark green) while Sell areas are defined in red color (light red pink and darker color) Rectangles to easily know that whether price is in buy area or sell area. If price is in gray area, wait for price to come in to your desired area.

You can use on any Forex Pairs.

This indicator calculates on the basis of h4 timeframe no matter what time frame you have selected, its calculations will not affect. You can change bars in count and even shift the rectangles forwards or backwards as per your convenience.

This  Fibonacci Indicator will give you alerts, signal arrows when it identifies trend reversals and suggests you three take profit levels.

It is suited both for Newbie Traders and professional traders as well.

Recommendations:

    Timeframe: All timeframes. For best results we recommend using it on M15, M30 and H1 timeframes.

    Currency pairs: EURUSD, GBPUSD, AUDUSD,EURGBP, EURAUD, XAUUSD

    Account type: ECN, Raw or Razor with very low spreads

    Broker time: Any

    Brokers : Exness, IC Markets, Pepperstone with Raw and Razor accounts for lowest spreads

    Recommended stop loss : 50 pips

    Recommended Take profit levels : 20 pips, 50 pips and 100 pips

Specifications:

•     Does not repaint !
•     Up to 3 suggested profit target zones
•     Identifies trend reversals with high precision, and gives you visual alert on chart and sound alert

Contact

If you have some questions or if you need help, contact me via Private Message.

Please remember, If price is going in one direction after strong fundamental impulse, don't trade counter trend until clear H4 candles are formed against trend. How ever if there is no fundamental moves, then this indicator will help you making your trade decisions.

Thanks.