Fibonacci Trading ES
This indicator automatically draws Fibonacci retracement levels to help identify potential support and resistance levels in the market. These levels are based on Fibonacci numbers, which are believed to predict where the price is likely to go. This tool eliminates the need to manually draw the levels and simplifies the process of using them in electronic trading.
On the chart, our Fibonacci Lines are clearly labeled with Daily Support and Daily Open for all significant market movements. Additionally, there are five automatic Fibonacci retracement levels that repeat daily.