Originaly posted by Bogdan G.
Most of us know about Fibonacci, his Golden Ratios and how Fibonacci levels can be used as Support and Resistance, but just to refresh your memory, you could read Fibonacci for Binary Options Review
. However, the main problem when using Fibonacci levels is the subjectivity involved. Different traders can identify different swings high/ low and that will generate different levels for the Fibonacci retracement. With the help of a little custom indicator called QuickFib, we can overcome that inconvenient and transform Fibonacci levels into an objective tool.