Fibonacci retracements are popular among technical traders. In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. Basic fibo levels are often known to be 14.6%, 23.6%, 38.2%, 50%,...
This indicator marks Demand and Supply Zone on the chart based on various inputs. It also marks Boring candle in Blue colour & Explosive Candle in Black colour.
Prior knowledge of Demand and Supply Zone is mandatory to use this indicator effectively.
Kindly do your own math (based on your experience & knowledge) to identify the zones along with this indicator.