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Indicator for MT4
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Fibonacci Retracement Assistant Indicator
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Edad 3+
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level: intermidiate
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English
Instrucciones del autor
The Fibonacci Retracement Assistant Indicator is one of the MetaTrader 4 indicators. Fibonacci is one of the most widely used tools in technical analysis that helps traders identify key price reversal points.
This tool uses Fibonacci ratios to determine potential support and resistance levels based on the previous price movement. To use this indicator, you first must select two points on the price chart: a high point (High) and a low point (Low).
The indicator will then draw lines at Fibonacci ratios between these two points. These lines act as support and resistance levels where the price may reverse.
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Indicator for MT4
-
Fibonacci Retracement Assistant Indicator
-
Edad 3+
-
level: intermidiate
-
English
Instrucciones del autor
The Fibonacci Retracement Assistant Indicator is one of the MetaTrader 4 indicators. Fibonacci is one of the most widely used tools in technical analysis that helps traders identify key price reversal points.
This tool uses Fibonacci ratios to determine potential support and resistance levels based on the previous price movement. To use this indicator, you first must select two points on the price chart: a high point (High) and a low point (Low).
The indicator will then draw lines at Fibonacci ratios between these two points. These lines act as support and resistance levels where the price may reverse.