We have released a new Fibonacci projection indicator for cTrader, designed for traders who prioritise confirmation and structure over prediction.
The indicator automatically identifies swing highs and swing lows using a fractal-based method, then waits for the price to confirm continuation by breaking the prior swing level. Only after confirmation does it draw Fibonacci expansion targets, helping reduce chart noise and false projections.
Each setup includes clearly labelled 1.0, 1.618, and 2.618 target levels, which can be used for scaling out, setting take profits, or managing trades in trending conditions. Bullish and bearish projections are colour-coded, and the chart remains clean by limiting how many recent patterns stay visible.
This approach works well for breakout, pullback, and trend continuation strategies in cTrader, and is suitable for both newer and experienced traders who want consistent, rule-based target planning.
Download Indicator: https://clickalgo.com/fibonacci-projections
The indicator automatically identifies swing highs and swing lows using a fractal-based method, then waits for the price to confirm continuation by breaking the prior swing level. Only after confirmation does it draw Fibonacci expansion targets, helping reduce chart noise and false projections.
Each setup includes clearly labelled 1.0, 1.618, and 2.618 target levels, which can be used for scaling out, setting take profits, or managing trades in trending conditions. Bullish and bearish projections are colour-coded, and the chart remains clean by limiting how many recent patterns stay visible.
This approach works well for breakout, pullback, and trend continuation strategies in cTrader, and is suitable for both newer and experienced traders who want consistent, rule-based target planning.
Download Indicator: https://clickalgo.com/fibonacci-projections