This indicator can be used to determine trade quantities as the market ebb and flows. Deeper red histogram values would indicate more funds allocated to the buy/long condition, and higher green histogram values would indicate a larger percentage of funds to sell or short. Uses as the basis for Fibonacci bands where candle crosses/touches are measured.
- Length indicator to control period of time to evaluate basis
- Option to use open, close, high, low, hl2 , hlc3, ohlc3 as source for
- Option to option to specify the type of contact on fib bands
- Option to specify the multiplier for the fib bands
- Clean/Simple UI - Facilitating ease of use.
Access to use is FREE however the source code is protected.