The new Auto Fibonacci Levels are now available for either TradeStation or Multicharts.  These indicators automatically plot the Fibonacci lines based on intraday, daily or weekly levels.

Auto Fibonacci Levels

The new Fibonacci indicators provide three automated Fib levels that are based on prior day (weekly or monthly) price action:

  • Intraday – should be used on intraday charts <= 60 minutes
  • Daily – should be used on charts that equal a higher intraday timeframe, ie 180 or 240 minutes
  • Weekly – should be used on charts that are 720 minute or daily

The Fibonacci indicator plot the following levels:

  • 23.6 – Yellow
  • 38.2 – White
  • 50 – Green
  • 61.8 – Magenta
  • 76.4 – blue