Fibonacci-Only Strategy
This script is a custom trading strategy designed for traders who leverage Fibonacci retracement levels to identify potential trade entries and exits. The strategy is versatile, allowing users to trade across multiple timeframes, with built-in options for dynamic stop loss, trailing stops, and take profit levels.
Key Features:
Custom...
Script uses an EMA (Exponential Moving Average) as an indicator. When the price crosses (breakout/breakdown) the EMA, the trigger is activated. Script does the breakout and breakdown calculations. It considers one candle close above or below the EMA.
It is used only in trending markets like bullish trends and/or bearish trends and never in flat. It can get very...