Monday, July 10, 2017

Fibonacci Ribbon

Fibonacci Ribbon


This indicator is made based on the Fibonacci sequence. 


input parameter fiboNum is responsible for the number in the sequence of integers. Parmetr counted_bars It determines how many bars will show the indicator line.


When the previous close is greater than the tape is a high probability of upward movement.


When the previous closing price below the belt, a high probability of downward movement.


Fibonacci Ribbon

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