Arc Indicator for MT5

 

The Fibonacci ARC Forex price action indicator generates the best dynamic support and resistance levels on the MT5 trading chart.

Why use it?

• It shows you potential areas of support and resistance.
• It’s a great price action indicator for trade entry and exit.

For instance:

You could exit a buy trade near Fibonacci ARC resistance or enter a buy trade near ARC support when the overall trend is up.

You could exit a sell trade near Fibonacci ARC support or enter a sell trade near ARC resistance when the overall trend is down.

Deploy the Fibonacci ARC Forex price action indicator on any currency pair, stocks, indices, Gold,…

Fibonacci ARC Forex Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Fibonacci ARC Forex Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open buy trade near Fibonacci ARC price action support when the overall trend is up.

Place stop loss 3 pips below support, or use your own stop loss placement method.

Exit the buy trade near Fibonacci ARC price action resistance or use your own take profit strategy.

Sell Trigger: Open sell trade near Fibonacci ARC resistance when the overall trend is down.

Place stop loss 3 pips above resistance, or use your own stop loss placement method.

Exit the sell trade near Fibonacci ARC support or use your own take profit strategy.

Adjustable Parameters

colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

• Trading oscillators (MACD, Stochastic, RSI,…)
• Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
• Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT5

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: dynamic support and resistance

Installation

Copy and paste the indicator in the MT5 indicators data folder.

Then restart the MT5 terminal and attach it to any chart.