Understanding Fibonacci in FXdreema

[TraderEA6]

Hi,

I m exploring Fibonacci and i can see that we have Fibonacci tools in the builder. I see there are questions on Fibonacci in the forum. But i cannot understand the basic behind it. Can someone help me understand the how does the Fibonacci tool decide when or which is the highest or lowest point to draw?

Appreciate an example.

Thanks

[roar]

@traderea6 said in Understanding Fibonacci in FXdreema:

how does the Fibonacci tool decide when or which is the highest or lowest point to draw?

It doesnt. You must find the high and low yourself and then give the time/price coordinates in the block.