MA channels Fibonacci indicator is a type of indicator that is used to determine the total price distance in trading system. It calculates this distance from average price movement and average Fibonacci.
MA channels Fibonacci Indicator
This indicator consists on total eight channels. These channels determine the average price distance on different levels.
Working
This indicator is used for market trading. There are total eight channels and each channel has different levels. These levels tell the movement of price. When the price value goes out of the channel then this indicator works best. When the price value lines comes at red line then it means that the price value turns back in channel. So when the price line will out from the channel then it gives best trading result as compared to when it moves back in the channel.
Channels and Levels
There are different fibbo levels in this indicator. These levels are created from the MA channels. These channels define the maximum price distance on the basis of future calculations. This indicator can also be a good option for dynamic trading.This indicator works best for manual trading as compare to dynamic trading. At the same time this indicator can used for trading purpose with two types of trading symbols.
