Fibonacci Calculator for Intraday Trading, Automatic Levels.
This is an automatic Intraday Fibonacci Calculator Trading Tool for DayTraders. This Calculator makes use of the widely used Standard Deviation & Fibonacci Data-Point daytrading strategy.
The Intraday Fibonacci values are automatically calculated and tracked from Previous Close to the latest 1 Standard Deviation Value.
Intraday Fibonacci Levels are calculated and screened in either direction for:
- Intraday LEVEL 0.236 as Trigger.
- Intraday LEVEL 0.382 as Target 1
- Intraday LEVEL 0.5 as Target 2
- Intraday LEVEL 0.618 as Target 3
- Intraday LEVEL 0.718 as Target 4
- 1 Standard Deviation as the Reversal Zones.
How to deal with this Fibonacci Calculator?
Long Positions are initiated when price crosses UP the Trigger at LEVEL + 0.236
Short Positions are initiated when price crosses DOWN the Trigger at LEVEL – 0.236
Trigger Values on the opposite direction acts as STOP-LOSS.
1 SD Level would be an ideal Target during strong trending days, if you are not too greedy you can use the interim target levels to book profit.
1 SD Levels can also be used as Reversal Zone Trading for contrarianwalas.