- This is the automatic Fibonacci Indicator which I am looking for, using the highest and lowest levels on the screen to select Points A and B
I have been searching for an ABCD Automatic Fibonacci Expansion indicator, something along the lines of the FXCM's Automatic Fibonacci or Custom Zig Zag with Fibonacci V2 both of which show Fibonacci entrancement on Wave A. Except I am looking for Automatic Fibonacci Expansion to to show levels on the possible C D Waves.
Where the first wave is known as A B, then the second wave B C would adjust the Fibonacci levels as price moves, and become Wave B C when it is formed inside start finish levels of Wave A B. When price moves along the projected Wave C D the screen timeframe can be refreshed and the application can start again.
This will enable me to quickly change between timeframes and see the expansion of waves and if they are aligning with ANY support levels or resistance levels.