We have released a new Fibonacci projection indicator for cTrader that focuses on confirmed continuation rather than early guessing.
The indicator automatically detects swing highs and swing lows using a fractal-based approach, then waits for the price to break beyond the prior swing level before plotting any projections. This helps avoid clutter and reduces the number of low-quality signals that never play out.
Once confirmed, the indicator plots clear Fibonacci expansion targets at 1.0, 1.618, and 2.618, which can be used for partial exits, full take profits, or trade management in trending markets. Bullish and bearish projections are clearly separated by colour, and the chart remains readable by limiting the number of recent patterns visible.
This tool is designed for traders who use structure, breakouts, or continuation strategies and want a consistent way to plan targets without manually drawing Fibonacci retracements.
Download Free: https://clickalgo.com/fibonacci-projections
The indicator automatically detects swing highs and swing lows using a fractal-based approach, then waits for the price to break beyond the prior swing level before plotting any projections. This helps avoid clutter and reduces the number of low-quality signals that never play out.
Once confirmed, the indicator plots clear Fibonacci expansion targets at 1.0, 1.618, and 2.618, which can be used for partial exits, full take profits, or trade management in trending markets. Bullish and bearish projections are clearly separated by colour, and the chart remains readable by limiting the number of recent patterns visible.
This tool is designed for traders who use structure, breakouts, or continuation strategies and want a consistent way to plan targets without manually drawing Fibonacci retracements.
Download Free: https://clickalgo.com/fibonacci-projections