Spotware Community Team introduces Fibonacci Drawing Indicator
The Spotware Community Team has announced the release of another useful indicator, the Fibonacci Drawing Indicator.
The Fibonacci Drawing Indicator is an indicator that allows traders to easily draw the following patterns on the chart:
-
Image Source: Spotware Community. Fibonacci Speed Resistance Fan;
- Fibonacci Time Zone;
- Trend Based Fibonacci Time Zone;
- Fibonacci Channel.
The indicator is open source and its main purpose is to demonstrate the capabilities of cTrader Automate and Chart Controls as well as provide traders with tools for visualizing these popular Fibonacci drawings on the chart.
In May, the Spotware community team released its Gann Drawing Indicator. The Gann Drawing Indicator is an indicator that allows traders to easily draw the following patterns on the chart: Gann Box, Gann Square, and Gann Fan.
In March this year, the Spotware Community Team announced the first release of its Pattern Drawing Indicator. The Pattern Drawing Indicator is an indicator that allows traders to easily draw various patterns on charts. The list includes:
- XABCD;
- Cypher Pattern;
- ABCD Pattern;
- Triangle Pattern;
- Three Drives Pattern;
- Head and Shoulders;
- Elliot Impulse Wave (12345);
- Elliot Triangle Wave (ABDCE);
- Elliot Triple Combo Wave (WXYXZ);
- Elliot Correction Wave (ABC);
- Elliot Double Combo Wave (WXY);
- Cyclic Lines.
