Description

ABCD Auto Detector

Content: Indicators: ZigZag.ex4, fibo_entries.ex4, fibo analysis.ex4, Template: ABCD Auto Detector.tpl, UserGuide: FIBO ABCD INDICATOR Manual.pdf

FIBO SYSTEM ABCD ANALYSIS:
The aim of indicator is to signal potential reversal zone:
– C ZONE: max area to consider actual swing a retrace of previous swing
– D Zone: target of ABC movement
– REVERSAL ZONE: potential area where actual swing could end and reverse into
a new swing.

Setting:
ANALYSIS: method to calculate swing:
– Aggressive: short term swing, more rumor
– Conservative: long term swing, less rumor
– Manual: trader could choose manually the Depth setting of Swing
DEPTH: numbers of bars to calculate SWINGS in Manual Mode of ANALYSIS.