Vision Reversal Zones is our twist on Fibonacci Retracements to help identify areas of possible retracement. It's important to understand that in real-time the retracement levels of the past are not to be mistaken as retracement levels of the future. The goal is to provide yourself with an idea of general ranges you could potentially expect a retracement based on recent activity. This indicator should not be used as your only source of trade ideas... Build a strategy around your preferred setups, and leverage it for confirmation.
What makes this indicator different?
Our indicator outputs averaged metrics with retracement ratios
Our indicator adjusts it's averaging decisions automatically based on your chart
Our indicator focuses on the outer ratios of retracement
How do I use this indicator?
To use this indicator simply apply it to your chart. With this version there are no user required settings or adjustable values. The indicator will make adjustments itself based on your chart. To understand the use of the indicator you'll need to understand the basic principles of support & resistance. We recommend reading up on Fibonacci Retracements as well, however you'll first want to understand support & resistance.
Notes de version
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This update adds the ability for users to style the zones with a color & opacity preference. To access these settings hover over the indicator on your chart and click the gear icon. Under the "Style" menu you'll see the options for each zone + the ability to customize them.