Exclusive: This exclusive indicator is ideal for traders looking for a unique market alert.
Advantages: Alert shows forming fibonacci support & resistance levels
Limitations: If market price breaks the level it will
give an alert at the next fibonacci support & resistance level
TradingView account needed: free
DESCRIPTION & HOW TO USE THE ALERT:
Venus Levels Alert automatically derives live fibonacci support & sesistance price levels & shows a directional signal on the bottom of the chart.
A directional long/short alert can then be set from the chart indicator to give a live notification of changing market conditions.
These fibonacci support & resistance levels are derived from live price which means the indicator will give a new level once the previous level is broken.
By visually laying out fibonacci support & resistance levels on the chart with red & green arrows, this indicator allows complex live fibonacci support & resistance levels to be identified and used correctly.
Venus Levels Alert can be used alone for long/short signals or used as a visual aid to assist in identifying levels on the chart.
This alert will show fibonacci support & resistance levels for the Weekly timeframe with the current level clearly highlighting possible price turning points or breakouts.
Venus alert allows easy determination of fibonacci levels & trend direction than can assist in identifying trade entry, profit, target or reversal levels for chartists.
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