FibScanner monitors Fibonacci and Breakout Setups through two defined scanning strategies. The Fibonacci strategy finds a genuine impulse leg, measures pullbacks into the 38.2%, 50%, or 61.8% zone, checks for a decisive reversal candle, applies an ADX filter, and scores the resulting trade plan. The range breakout strategy identifies tight consolidation, repeated level tests, and a full-bodied breakout candle, then projects measured-move targets.
Qualified alerts include entry, stop, two targets, reward-to-risk, position size, and a candlestick chart. All signals use closed candles, do not repaint, and are presented for educational review rather than automatic execution or financial advice for traders.
Read more at nairaland.com · by fibonacciscanne
