The EKEFibLines indicator is a custom technical analysis tool designed for Quantower. It assists traders in identifying potential support and resistance levels by plotting Fibonacci-based lines around a central Exponential Moving Average (EMA).
The EKEFibLines indicator comes with preselected Fibonacci levels optimized for ES DAY. Users can also choose the Custom option to manually set their own Fibonacci levels.
The EKEFibLines indicator allows users to customize line styles, colors, and thickness for its plots, including the EMA and Fibonacci levels. This flexibility enables traders to adjust the visual appearance to suit their preferences and enhance chart readability.