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Not having to draw trendlines and microtrend corrections is great. Having fibo as a correction or reversal meter is even better. Both together give quite a precision in the trade! I don't know if you knew, but when a current trend at fibo reaches 61.8, it says to us: "I'm going to reverse" and...
Very good indicator for those who work with fibonacci retracements. This indicator plots the fibonacci levels in the graph automatically, that is, perfect!
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