
KG Fibonacci MA Indicator
Platform: MT4 Type: Trend Last update: November 29, 2024The KG Fibonacci MA Indicator for MT4 performs a trend-following analysis with a support of fibo sequence. The plotted lines can be be either neatly sorted or interwinted, depending of strength and clarity of ongoing trends. What’s more, it displays an dashboard showing price movement directions for each timeframe. It helps to see the bigger picture.
Example chart:
Understanding the ribbon provided by the kg fibonacci ma indicator for mt4
When you activate this gauge in your trading platform, you will basically see the set of colorful moving averages. Actually, there are 8 lines and each has different sensibility – from high to low. Their specific alignments reflects bullish and bearish signals.
Additionally, in the top right corner of the chart there are series of upwards and downwards arrows corresponding to setup of each line and time frame – from M1 (minutely) to MN1 (monthly). Forex traders should take advantage of this data, combine readings in order to recognize the dominant side of the market that is currently an driving force. Trading in agreement with them gives much improved possibility of successfull and profitable outcomes.
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