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Fibonacci Mystery

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Product Description

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Many traders use Fibonacci Retracement to identify key price levels, especially around the golden ratios, but knowing when and where to draw these zones can be challenging. 

Fibonacci Mystery steps in to help you quickly identify key Fibonacci levels and capitalize on high-potential opportunities at critical support and resistance. 

Unique features

  • It identifies Fibonacci zones during trend transitions, providing optimal entry points for potential market moves.
  • It catches emerging trends early, giving you the chance for high rewards as the trend gains momentum.
  • It performs well in all markets: In trending markets, Return signals within solid Fibonacci levels suggest strong pullback entries, while in sideways markets, signals within dashed Fibonacci zones indicate reversals, ideal for choppy trading. 
Pullback_Reversal

When to draw Fibonacci Retracement levels

The indicator draws Fibonacci zones by spotting the highest swing high in an uptrend or the lowest swing low in a downtrend, along with the first swing point of the opposite trend.

Below, you'll see how to form Bearish Fibonacci zones:

  • Step 1: Identify the highest peak
    The indicator determines the highest swing high in an uptrend, representing the strongest selling pressure. This is marked as the 100% level. 
  • Step 2: Identify the first swing low
    When the price reverses to a downtrend, the first swing low is marked as the 0% level. 
  • Step 3: Generate Return signals
    When the price retraces to defined Fibonacci levels (e.g., 38.2%, 50%, 61.8%), the indicator triggers trade signals.
Bearish_Fibonacci_Retracement_Zone

Conversely, the Return signal forms within the Bullish Fibonacci zones, as shown below.

Bullish_Fibonacci_Retracement_Zone

Reasons for focusing on swing highs/lows

Fibonacci Mystery doesn’t randomly pick swing highs or lows. Instead, it focuses on areas where trends intersect, identifying 2 points: 

  • Highest swing high/Lowest swing low:
    These points occur when price forms peaks or troughs before sharp reversals, representing strong buying/selling pressure and acting as natural support and resistance.
  • First swing high/low:
    These points occur when price pulls back after a strong move. Fibonacci levels shine here, helping you pinpoint retracement zones before the trend resumes.

Fibonacci Mystery helps save you time and improve efficiency, giving you an edge in trading Fibonacci Retracement like a pro. 

Dedicated NinjaScript signals:

  • Signal_Trend: 1 = uptrend, -1 = downtrend
  • Signal_Trade: 2 = bullish return, -2 = bearish return, 1 = uptrend start, -1 = downtrend start, 0 = no signal

Software Changelog

  • 17 Jan 2025 - The indicator was released (built new).

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From very happy customers... 500+ reviews →
  1. product_image Fibonacci Mystery $$
    5 5

    High-Quality Indicators and Outstanding Customer Service at ninZa.co

    I have been purchasing and using indicators from ninZa.co since Larry Pi started his business with a website of about 10 indicators many years ago. And I have continued to purchase and use his indicators with additional purchases over the years. There are tons of trading vendors out there. Many I have tried and abandoned because they didn’t work and there was no customer service that I could easily email and get a prompt response for help. What makes ninZa.co so special is not just the high quality of the indicators, but the outstanding customer service and help. I have been working with Grace over the last 6 months, and she has provided prompt, cheerful, and most importantly, high-quality customer service. Larry is lucky to have her on his team! GO GRACE!!

  2. product_image Fibonacci Mystery $$
    5 5

    Wonderful Trading Software

    Thanks so much for a wonderful array of indicators.

  3. product_image Fibonacci Mystery $$
    5 5

    Superior Ichimoku

    Thank you Pi, it is a pleasure doing business with you. You are always so prompt, I appreciate it.

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    5 5

    Market Profile

    After using Market Profile (Composite) and Market Profile (Flexible) for a few days, I feel that I made the right decision to purchase your product as oppose to your other competitors. Your market profile indicators are well thought of and were designed quite well. Other market profile indicators are a bit cumbersome to use… So, well done and kudos to you and your team!

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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