The Fibonacci ARC Forex price action indicator generates the best dynamic support and resistance levels on the MT5 trading chart.
Why use it?
- It shows you potential areas of support and resistance.
- It’s a great price action indicator for trade entry and exit.
You could exit a buy trade near Fibonacci ARC resistance or enter a buy trade near ARC support when the overall trend is up.
You could exit a sell trade near Fibonacci ARC support or enter a sell trade near ARC resistance when the overall trend is down.
Deploy the Fibonacci ARC Forex price action indicator on any currency pair, stocks, indices, Gold,…
Download This MT5 Forex Indicator Free
Fibonacci ARC Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Fibonacci ARC Forex Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy trade near Fibonacci ARC price action support when the overall trend is up.
Place stop loss 3 pips below support, or use your own stop loss placement method.
Exit the buy trade near Fibonacci ARC price action resistance or use your own take profit strategy.
Sell Trigger: Open sell trade near Fibonacci ARC resistance when the overall trend is down.
Place stop loss 3 pips above resistance, or use your own stop loss placement method.
Exit the sell trade near Fibonacci ARC support or use your own take profit strategy.
Download This Forex Indicator Now
colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: dynamic support and resistance
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.