This is our dynamic Fibonacci indicator that is part of our autotrader system.
You can use this independently of any of our other indicators and EA’s.
The fibonacci scales have been used for many years in financial trading and fib scales assist in indentifying key levels of support and resistance when combined with other indicators.
The hardest part of Fib Scales is drawing them and adjusting to new highs or lows. This indicator dynamically draws them and updates if things create new highs or lows.