Thread: Fibo calc - Vertex FX Indicator

Fibo calc is a powerful VertexFX client side VTL indicator that gives precise entry and exit signals based on Fibonacci levels.


The indicator provides precise trading details.

Trend = UP / DOWN. - Specifies whether the price is in uptrend or down-trend.

Entry = BUY / SELL @ price - Specifies whether to enter BUY or SELL trade and the price.

Stop Loss = The stop loss where to exit the trade.

TP 1 = The first take profit level.

TP 2 = The second take profit level.

TP 3 = The third take profit level.

The Trend is UP if current close is above previous close, whereas Trend is DOWN if close is below previous close.

If Trend is UP, entry is High - 38.2% of daily range, and Stop loss is High - 61.8% of daily range.

If Trend is DOWN, entry is Low + 38.2% of daily range, and Stop Loss is Low + 61.8% of daily range.

TP1 is calculated as 61.8% of daily range.

TP2 is calculated as 100% of daily range.

TP3 is calculated as 161.8% of daily range.

BUY - Enter BUY position when indicator displays Entry = BUY @ price. Place stop-loss at the specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, the stop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2.

SELL - Enter SELL position when indicator displays Entry = SELL @ price. Place stop-loss at specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, thestop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2.