There are options to toggle the following:
- Auto fibonacci levels with alerts for the look-back period of your choosing
- Auto with alerts
- Alerts for the price closing above/below the 50MA
- A coloured background to show the trend direction (green = up, red = down)
The fib and support levels can be handy when trying to determine when best to take profit or even exit the trade entirely.
Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same.
This is a premium script. Please DM me for access.
NOTE: The optional fib & support levels use the security function for plotting and this will trigger a warning when setting alarms. Rest assured, the indicator itself does not repaint. Once a long or short signal is given, these are locked in upon candle close.