Fibonnacci sequence - Fibo Ladder (DEMO AUDUSD only)

This draws a Fibonacci sequence from selected date and reverses the sequence direction when the support of the pattern is broken. Every pro trader said this can't be coded, yet here it is.

Dark blue and sky blue are points A and B, red is C (max retracement), dark yellow is target D extension and dotted is current max extension reached.

Warning. This DEMO version works only on AUDUSD. For full version, please contact me on ctrader@dockstore.pl . Cost of full version subscription with contrarian fibo and all future updates is 500 USD a year.

How to set up

The most important part is to set the date to start from. The start date is important but the algorithm is self-stabilising mining that after the next sides-switching it will continue correctly. If you put incorrect start date, your first sequence might be incorrect but the subsequent ones will be.

If you don't see the levels and just backgrounds only, that is a glitch in cTrader rendering. Scroll the chart until it renders the levels. If you decide on paid version I can prepare a version for you that is without background - then cTrader renders levels correctly all the time.