Fibonacci Retracements/Extensions Tool

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narratingmytrade
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Fibonacci Retracements/Extensions Tool

Post by narratingmytrade » Fri Jan 26, 2024 4:32 pm

I used to think that Fibonacci's were witchcraft, but using BM I noticed the significant amount of liquidity that appears at the important retracement levels.  Clearly there are large traders using the retracement levels.

I am shocked that BM doesn't have a simple retracement tool. It may be one of the few platforms without basic tools. 

I have been calculating the retracements manually in an Excel spreadsheet I created.  I have been doing well in my trading, but it is tedious to calculate the levels, then draw them on my charts manually.

I enjoy using BM for order flow, but this might be a deal breaker for me.

Please add a simple retracement tool soon!

foxprop99
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Re: Fibonacci Retracements/Extensions Tool

Post by foxprop99 » Sun Apr 21, 2024 7:05 pm

I agree.  A simple Fibonacci retracement tool that could be drawn onto rotations would be very helpful.  Hopefully they are working on it with the MACD tool that is in the pipeline.  

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