This indicator is designed to help you in binary options trading if your strategy is based on trading from levels. The indicator will save you time and will construct Fibonacci retracement levels on its own based on local price minimums/maximums on the chart.
Instructions for installing indicators in MetaTrader 4 :
How the indicator works
For your convenience, the indicator is automatically redrawn when you change the time frame or change the chart scale. This way you can choose the optimal location for it on the chart. When each new candle appears, the indicator automatically checks whether new lows or highs have appeared, and if the price updates them, the indicator independently rebuilds the level grid to the new data. All you have to do is confirm the level with some other signal for binary options and buy the desired option.
Download the indicator for automatic construction of Fibonacci levels
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With this indicator use:
Automatic construction of trend lines
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