Measure FIBO Indicator for MT4

Measure FIBO Indicator

Platform: MT4 Type: Market Levels
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Last update: November 11, 2024

The Measure Fibo Indicator for MT4 caluclates and displays Fibonacci extensions on charts. These leveles are often respected and price tends to react at them heavily. Pay attention how candlestick patterns form at these areas and trade accordingly.

Example chart:

In this example below you can see the price seems to be rejectiong the 38.2% fibo, therefore it’s smart to consider long position.

measure fibo indicator example chart

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