Disliked{quote} I have the original fiber indicator on 28 pairs of H4. I only use white and red rings, which are in the same places in newer versions. The shortcomings are manifested when comparing the history with the backtest, or with real data after a certain time. I don't think there's anything you can do about it. But I'm not an encoder. I use it to confirm entries. In time, I will see its usefulness.Ignored
Yes, it is a useful indicator, if trader can read the chart and if trader can be consistent in holding Stop Loss and profiting more than they lost. If trader goes long and gets Stop Loss, and indicator shows short, trader should go short.
If you're looking for the Holy Grail indicator - STOP!
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