About Price Action Fibo Channel

PRICE ACTION FIBO CHANNEL is an indicator which calculates FIBO price ranges and places them on the price chart of currency pairs as channels with the corresponding FIBO levels.

PRICE ACTION FIBO CHANNEL is non-repaint and a convenient tool for determining:

• price reference points when trading using flat scalper strategies (trading on a rebound from the borders within the channel)
• price reference points when trading using trend strategies (trading on the breakdown of the channel borders)

The manual configuration options of the indicator:

• Period_Fibo_indicator – period of indicator
• Fibo_Method – calculation method
• Fibo_Price – the shift value of the indicator
• History_Bars – number of bars in history for calculation
• Font_Size – thickness of graphical display of objects