The concept of the Fibonacci Bands indicator was described by Suri Dudella in his book "Trade Chart Patterns Like the Pros" (Section 8.3, page 149). These bands are derived from Fibonacci expansions based on a fixed moving average, and they display potential areas of support and resistance. Traders can utilize the Fibonacci Bands indicator to identify key price...
**MartinGale Strategy** is a popular money management strategy used in trading. It is commonly applied in situations where the trader aims to recover from a losing streak by increasing the position size after each loss.
In the MartinGale Strategy, after a losing trade, the trader doubles the position size for the next trade. This is done in the hopes that a...
Level: 2
Background
There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon,...
![BTCUSD: [blackcat] L2 Fibonacci Bands](https://s3.tradingview.com/s/SEzWJeck_mid.png "[blackcat] L2 Fibonacci Bands")
![NAS100USD: [blackcat] L1 MartinGale Scalping Strategy](https://s3.tradingview.com/x/XhANSKDN_mid.png "[blackcat] L1 MartinGale Scalping Strategy")
![BTCUSD: [blackcat] L2 Reversal Labels Strategy](https://s3.tradingview.com/f/FH1VyeNT_mid.png "[blackcat] L2 Reversal Labels Strategy")