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Fibo Calc

Fibo calc is a powerful VertexFX client side VTL indicator that gives precise entry and exit signals based on Fibonacci levels.The indicator provides precise trading details.

Trend = UP / DOWN
Specifies whether the price is in uptrend or down-trend.
Entry = BUY / SELL @ price
Specifies whether to enter Buy or Sell trade and the price.
Stop Loss
The stop loss where to exit the trade.
TP 1
The first take profit level.
TP 2
The second take profit level.
TP 3
The third take profit level.
  • The Trend is UP if current close is above previous close, whereas Trend is DOWN if close is below previous close.
  • If Trend is UP, entry is High - 38.2% of daily range, and Stop loss is High - 61.8% of daily range.
  • If Trend is DOWN, entry is Low + 38.2% of daily range, and Stop Loss is Low + 61.8% of daily range.
  • TP1 is calculated as 61.8 % of daily range.
  • TP2 is calculated as 100 % of daily range.
  • TP3 is calculated as 161.8% of daily range.
BUY :
Place Buy position when indicator displays Entry = BUY @ price. Place stop-loss at the specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, the stop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2.
SELL :

Place Sell position when indicator displays Entry = SELL @ price. Place stop-loss at specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, the stop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2.

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Flat Monthly Fees
$0
Volume Monthly Fees
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Tech Support Fees
$0
Hits
2806
Rating
On
01 February 2016
Attachment (Desktop)
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