This indicator combines a 1-hour trailing stop system with multi-timeframe Fibonacci retracement levels and ZigZag structure detection to assist traders in identifying trend direction and potential reversal zones.
Features: ✅ 1-Hour Trailing Stop: Uses an ATR-based trailing stop mechanism to track trend direction and dynamic support/resistance. ✅ Multi-Timeframe Approach: The trailing stop is calculated on the 1-hour timeframe, while the ZigZag and Fibonacci retracement levels are based on the 15-minute chart. ✅ ZigZag Structure Detection: Helps filter market swings and trend reversals dynamically. ✅ Fibonacci Levels (0.5 & 0.786): Key retracement levels to watch for price reactions. ✅ Alerts for Key Levels: Get notified when the price crosses important levels (1H trailing stop, Fib 0.5, Fib 0.786).
How It Works: The trailing stop adapts dynamically based on ATR values and determines trend direction. ZigZag detection filters out minor price movements to highlight major swing points. Fibonacci levels are calculated based on ZigZag swings, helping traders spot potential reversal zones. This tool is useful for trend-following traders, breakout traders, and Fibonacci-based strategies.
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