PRICE ACTION FIBO CHANNEL is an indicator that calculates price FIBO ranges and places them on the price chart of currency pairs in the form of channels with corresponding FIBO levels.

PRICE ACTION FIBO CHANNEL is non repainting and a convenient tool for determining:

• price reference points when trading using flat scalper strategies (trading on a rebound from the borders within the channel)
• price reference points when trading using trend strategies (trading on the breakdown of the channel borders)

Detailed manual how to use the indicator - https://www.mql5.com/en/blogs/post/721873

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