This plots Fibonacci deviation levels above and below a moving average of the price.
Companion indicator to the " Golden Bull Wave Trader " expert advisor which uses volume\price trend to determine price reversals.
https://www.mql5.com/en/market/product/56291
The expert advisor and this indicator were created in order to:
- Identify ideal and repeatable trade entries with high level of certainty
- Create a day trading strategy which doesn’t require a hard SL and TP
- Use alternate risk management mechanism instead
- Visualize and auto manage trades based on S/R
