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Fibonacci retracements indicator - multi time frame

  • #1
  • First Post: Feb 22, 2019 4:46am Feb 22, 2019 4:46am
Hi Folks,
i am wondering if someone has or know and indicator that trace automatically fibo retracements on the last swing across all TF.

So imagine to have a custom indicator that shows on your chart a pool of button like M1 M5 M15 M30 etc...
when you select one of them you have automatically drawn your fibo retracements on last swing.
So if i am for ex on M5 chart, and i want to see H1 retracements i simply push a custom button and i can see H1 retracements on M5 chart.

This is just an example.

Thank you,
Lars
  • #2
  • Feb 22, 2019 1:56pm Feb 22, 2019 1:56pm
Quoting Larz78
Hi Folks, i am wondering if someone has or know and indicator that trace automatically fibo retracements on the last swing across all TF. So imagine to have a custom indicator that shows on your chart a pool of button like M1 M5 M15 M30 etc... when you select one of them you have automatically drawn your fibo retracements on last swing. So if i am for ex on M5 chart, and i want to see H1 retracements i simply push a custom button and i can see H1 retracements on M5 chart. This is just an example. Thank you, Lars
Inserted Video
.

when we were new,i wish we had this kind of information available,we have wasted a lot of our precious time in these nonsense indicators,i have unlearned a lot of things what is being spoiled by these unsecured forex education on web.please watch this and big banks of this series also,then decide.
  • #3
  • Feb 25, 2019 6:59am Feb 25, 2019 6:59am
i asked for a fibonacci indicator that draws fibonacci retracements automatically across multiple timeframe.

If i wanted a video that says that fibonacci doesn't work i would find by myself lol ...

Fibonacci works and end of the story.

So, my intial question is still valid, if anyone can help..much appreciated.
  • #4
  • Feb 26, 2019 2:11am Feb 26, 2019 2:11am
Bro,
i am not a newbie and please dont post this crap , with respect,if you dont know fibo don't say fibo doesn't work.
Fibo works, problem is to be able to use it properly.
  • #5
  • Feb 26, 2019 7:54am Feb 26, 2019 7:54am
i thought you are newbie,because u joined ffx recently.this is a tradition of this forum that traders help each other.
goodluck!
  • #6
  • Feb 27, 2019 12:27am Feb 27, 2019 12:27am
i really appreciate your help.
I am not a newbie, honestly i can tell you the opposite of what is said in those videos: indicators are lag and are unuseful, only moving averages help.
Instead, fibonacci, IF only used properly can be a killer one.
Then of course, anyone can have his own opinion.
  • #7
  • Feb 27, 2019 12:29am Feb 27, 2019 12:29am
BTW, Fibonacci itself doesnt help a lot but if it is used in confluence with other things can be extremely profitable.
That guy on the video made a simplistic speech...for newbies saying..ok fibo doesnt work.
It is true..fibo alone doesnt work but if you have a solid strategy with few things in confluence can be extremely good.
I can assure you.
  • #8
  • Feb 27, 2019 10:24am Feb 27, 2019 10:24am
Quoting Larz78
BTW, Fibonacci itself doesnt help a lot but if it is used in confluence with other things can be extremely profitable. That guy on the video made a simplistic speech...for newbies saying..ok fibo doesnt work. It is true..fibo alone doesnt work but if you have a solid strategy with few things in confluence can be extremely good. I can assure you.
I agree with you because there are lagging and leading indicators and fibonacci is one of the leading indie like ichimoku and few more.Fibonnaci helps us continue to the trend after retracement,but the main problem is no one knows when the retracement will be over.if you get success,share with us.
  • #9
  • Last Post: Feb 28, 2019 12:16am Feb 28, 2019 12:16am
i think that key point is to do a multi time frame analysis, that's why i was asking in the beginning an indicator that trace automatically fibonacci retracement, long or short.
So for ex. if you are on M15, it would be great to have fibo retracement of bigger time frame to use as indication where there price might stop or continue.
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