Fibonacci Moving Bars 5

115 0 2024-01-09

This indicator is based on the same idea as https://www.mql5.com/en/market/product/2565, but instead of Average Bars it uses series or Fibonacci sequence.When the previous Price Close is above the previous indicator Bar, the probabilit

This indicator is based on the same idea as https://www.mql5.com/en/market/product/2565, but instead of Average Bars it uses series or Fibonacci sequence.

When the previous Price Close is above the previous indicator Bar, the probability to go Long is very high.

When the previous Price Close is under the previous indicator Bar, the probability to go Short is very high.