FiboRec

Hello, I'm Alfred (Alfred), and I want to introduce you to an interesting indicator. He depends on Fibonacci lines, but it has a secret that I use. With indicator FiboRec you can learn a lot of useful information about the market, such as:

Features

1. You can avoid the occurrence of turbulence in the market.


2. You can open orders only as a general trend.


3. You will know whether the trend is strong or weak.

Usable signals and timeframes

1. This indicator can only be used on timeframe H1.


2. Open order to buy if the candle breaks out the square area and closed above it at least 20 pip take profit, cover your buy order when the candle closes below the square area, the stop-loss.


3. Open an order to sell if the candle breaks out the square area and closed above it at least 20 pip take profit, cover your sell order when the candle closes below the square area, the stop-loss.


4. Currency: It works on any currency pair, but for best results, use it on EURUSD


5. It is very easy to use.

indicator settings

1. Historical Days - the number of days that have passed, for which the chart put the square area. Eg. if Historical Days = 3, the chart will be 4 area 3 area for the last 3 days, and one for the current day.


2. Square color - the color of the square area.
3. Notifications - notification; false when turned off, when true selected notification method.
4. Alert - display messages in a separate window.
5. Send push message - send push-notification to the mobile terminal from MetaQuotes ID, listed in the "Notifications" tab.
6. Send an email - send e-mails to the address specified in the "Mail" in the "Settings" window.