![]() ![]() That way you never miss one but still, your chart looks clean. The Fibonacci cluster shows all relevant Fibonacci retracements and extensions on the right end of the chart. In case you don't like to see all the Fibonacci lines on your chart you can choose to hide them and just show the Fibonacci cluster. Of course, you can define which retracements and extensions you want to show in the indicator settings and define a color for each of them. The Fibonacci retracements and extensions will then be shown/hidden automatically as the prices move. You can choose to only show the Fibonacci retracements/extensions which are close to the current price so you don't get overwhelmed by all those retracements. The indicator examines all previous swing points and draws all the relevant Fibonacci retracements and extensions from those swing points. Shows all relevant Fibonacci retracements and extensions Of course, you can always quickly turn the retracements on/off again using the relevant keyboard shortcuts. ![]() To attempt to solve this we have added the Fibonacci cluster setting allowing you to draw the most relevant Fibonacci levels on the right end of the chart allowing you to hide all those unnecessary 'on chart' retracement lines, making your chart clean again. As you build up your retracements across different timeframes, your chart can quickly become cluttered making it difficult to understand. ![]() Not only that but tick by tick, the indicator will keep your fibs updated in real-time helping you focus only on the most important levels while you trade.Ī problem many Fibonacci traders face is being able to keep their charts clean and readable. The TDU Auto Fib indicator makes Fibonacci trading much simpler by automatically identifying and drawing all the relevant Fibonacci retracements for you. ![]() Not only that but it's easy to overlook or miss important levels particularly when you are searching for confluence across multiple timeframes. These levels often act as key support/resistance levels used to anticipate potential price movements, market turning points, and points of profit-taking.Īs traders who use retracements as part of their core strategy will acknowledge, manually drawing and redrawing these retracements all the time is a cumbersome and repetitive task. Traders like Sam from TradeDevils, Tim from eminimind and David Halsey from eminiaddict based their entire trading strategies on those Fibonacci levels. Most Fibonacci traders are aware of the important 50%, 61.8%, 65%, and -23.6% are very important Fibonacci levels. ![]()
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December 2022
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