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Forex Forum → Technical Indicators → Fibonacci indicator

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Posts: 2

Topic: Fibonacci indicator

Hello!

I have tried to find a fibo indicator, but did not get any success.  Mr Popov, is it possible to make one indicator in FSB? I believe we can get quite good strategies based on that.

Indicator should support current timeframe usage (it would be very good to use fibo levels based on the upper timeframes) Like 4h lines to be used on 5/15min tf.

What do you think smile?

Re: Fibonacci indicator

There was Fibonacci in the program for several years. Unfortunately, we found that the indicator repaints the signals and leads to a false backtest. We discussed that many many times, but the traders failed to understand how wrong is that.
Finally we removed the indicator from the program.

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