Fibar Scalping is an indicator meticulously crafted for those who thrive on speed in the fast-paced world of scalping.
Specifically designed for high-frequency traders, Fibar Scalping integrates the power of Fibonacci retracement levels with Renko reversal bar in order to determine whether entry signals will occur on the subsequent bar.
At the heart of this indicator lies its unique ability to determine whether a price reversal is likely to continue in its new direction or if it’s simply a fleeting correction.
It allows you to fully capitalize on reversal candles by providing analysis on which reversal bars are more reliable. This indicator helps you differentiate between various reversal bars and pinpoint which ones should be used as entry signals for your trading strategy.
First of all, you need to clarify the key Fibonacci retracement levels to keep an eye on are: 23.6%, 38.2%, 50.0%, 61.8%, and 76.4%
Without a trend or zone, Fibar Scalping focuses solely on entry signals. It offers reliable entries by using the Reversal candle as the key element in its analysis and signal generation. This indicator is specifically designed for the KingRenko$ bar, renowned for its effectiveness in identifying reversals.
This ingenious indicator will generate a Fibar signal if 3 main criteria are satisfied:
Fibar Scalping is particularly effective when used with the KingRenko$ bar but can also be applied to another FREE chart type, ninZaRenko. This adaptability allows it to fit into various trading strategies, helping you make informed decisions based on the analysis of Reversal bars and retracement levels.
We are RenkoKings, a sister brand of ninZa.co, committed to delivering premium Renko indicators and systems, prominently featuring the robust RK-Sys Platinum system.
RK-Sys Platinum is a discretionary day trading system that provides SIMPLE CLEAR ENTRIES with defined risk and entries on every trade.
With advanced filtering capabilities, we ensure the consistent provision of high-quality signals, adept at catering to both trending and sideways market conditions.
The system‘s user-friendly interface is designed to enhance the overall trading experience, enabling both novice and experienced traders to navigate seamlessly through its functionalities.
*Futures, foreign currency, and options trading… contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
*Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
*These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.