Fibozachi Logo - Superior Trading Indicators

Fibozachi Logo - Superior Trading Indicators



 

Frequently Asked Questions (FAQs)

 

Find answers to your questions about the Elite Indicators   Elite Indicator FAQs

 

1) What is the Elite Trader Package™ and the Elite Indicators?

The Elite Trader Package™ is a collection of trading Indicators that cover all aspects of trading — identifying the trend, pin-pointing market reversals, and managing risk and current positions. The distinguishing aspect of the Elite Trader Package™ is how it simplifies the entire trading process from beginning to end. Furthermore, the Elite Indicators issue powerful and accurate buy, sell, and exit signals to help those who struggle with interpreting charts or executing trades at the right time.
The reversal-based Elite Indicators identify high-probability turning points in price to enable extremely timely entries and exits.
The trend-based Elite Indicators diagnose the current underlying trend to show when momentum is picking up strength or weakening.
The position management Elite Indicators define and reduce risk in order to preserve your profits and help winning positions keep running.

2) How does the Elite Trader Package™ compare to other Indicator Packages on the market?

What truly distinguishes our Elite Indicators is how effective and easy-to-use they are — across all instruments, timeframes, and chart types!  You simply won't find more powerful or accurate reversal signals in any other trading indicator or tool on the commercial market.  And trust us, we have tried them all.

"Superior Trading IQ" 

Every member of our development team is either a professional trader or Chartered Market Technician (CMT) and we are confident that the cumulative "Trading IQ" behind the Elite Trader Package™ is far superior to that of any other package on the commercial market.  We enable you to try the Elite Indicators before you buy them because we are so confident that they will help you trade more effectively.  At the conclusion of your 30-day demo, you'll be able to apply the full cost of the demo ($195) towards the purchase of the Elite Trader Package — or $100 towards the purchase of any Elite Indicator!  You can purchase the entire Elite Trader Package™ at a significant 25% discount, or you can purchase any individual Elite Indicator.  We are confident that once you begin your 30-day demo that you will wish that you had discovered the Elite Indicators sooner!  The bottom line is that you will not find a better set of trading indicators at a better value than those found within our Elite Trader Package™.

"Try Before You Buy with 30 Day Demos"

We give you the chance to try the Elite Indicators before you buy them because we are so confident that they will help you trade more effectively.  Our 30-day full access demos let you take all of the Elite Indicators for a test-drive so that you can properly evaluate them -- and we guarantee that you won't walk away empty-handed!  At the conclusion of your demo, you'll be able to apply the full cost of the demo ($195) towards the purchase of the Elite Trader Package™ or half of the cost ($100) towards the purchase of any individual Elite Indicator!

So you'll have the option to purchase the entire Elite Trader Package™ at a significant 25% discount, or you can purchase any of the Elite Indicators separately at their individual costs.  Whatever you decide, you are guaranteed to walk away with at least one Elite Indicator!  We are confident that once you begin your 30-day demo, you will wish you had discovered the Elite Indicators sooner.  The bottom line is that you won't find a better set of trading indicators at a better value than those found within our Elite Trader Package™.

3) What is the difference between the Elite Indicators and your other Indicator Packages?

Each of the Fibozachi Indicator Packages found on www.fibozachi.com are designed for a specific purpose, niche or functionality.  There is no overlap amongst the various Indicators Packages, nor is there overlap between the Fibozachi Indicators and the Elite Indicators.  For this reason, we strongly encourage you to learn about each Indicator Package in order to determine which best fits your specific trading style.  Different types of traders prefer different types of Indicators, but you can be confident that all of the Fibozachi Indicators and Elite Indicators are amongst the most effective trading Indicators available on the commercial market.

4) Are the Elite Indicators better than your other Indicators?

They are different, not better or worse.  We often receive this question and the answer is quite simple; the best Indicators for you are the ones that best fit your needs and desires.  Because everyone has a different trading style, one trader may find immense value in a certain Indicator while another trader may not find it as useful.
 Every Fibozachi Indicator is developed with a specific purpose, niche or functionality and there is very little overlap between our Indicator Packages.

All of our Indicators are the product of extensive research and development and we rely on these same Indicators to trade the markets each and every session.

5) Do you recommend that I try the Elite Indicators before your other Indicator Packages?

 
While the Elite Indicators and Fibozachi Indicators are equally effective, they do serve different purposes and employ completely different algorithms. For that reason, we strongly recommend mixing and matching our various Indicator Packages to find your favorites and the most effective combinations for your preferred trading style.

The Indicator Packages on www.fibozachi.com are ideal if you know the exact type of trading Indicators that you are looking for or are looking to satisfy a certain niche (i.e. candlestick patterns, volatility signals, Forex Indicators).

The Elite Indicators on www.eliteindicators.com are best suited for traders looking for an Indicator Package that will cover all aspects of their trading process and provide a complete solution for their trading needs. Further, the Elite Indicators are ideal for traders who desire explicit buy | sell signals that accurately predict major and minor price reversals.

6) Can I purchase specific Elite Indicators individually of the full Elite Trader Package™?

Absolutely! Each Elite Indicator can be purchased separately.  Keep in mind that those who purchase the Elite Trader Package™ enjoy a significant 25% discount.  If you love several Elite Indicators then simply do the math to determine the savings and see if it makes more sense to purchase the full Elite Trader Package™.

7) Can I run automated scans for reversal signals with the Elite Indicators?

Special "Scanner Versions" of the Elite Indicators enable traders to utilize platform-specific scanning tools (i.e. RadarScreen, Market Analyzer). This means that any symbol can be scanned for any reversal or trend signal, across any timeframe. Without this universal scanning ability, users would have to manually locate signals by viewing the charts specific to each symbol. Utilizing the Elite Indicator's scanning capabilities is essential for traders who wish to identify reversal signals and the strongest trade setups.

The Scanner Versions are intended to be used with the following platforms:

NinjaTrader: Market Analyzer
TradeStation: RadarScreen or Scanner
MultiCharts: Real-Time Market Scanner

8) What are the Elite Multiple-Time-Frame (MTF) Indicator add-ons?

The Elite MTF Indicators are an innovative and effective way to monitor signals and conditions across up to 5 different timeframes or symbols at once from just one chart!

Many successful traders analyze multiple time-frames to gain a top-down approach in order to ensure that there is trend or signal confluence.  The problem with this approach is that it requires using several charts that must constantly be monitored and checked.  Switching back and forth to check different charts and timeframes can waste a lot of time and mental energy.  And using so many charts at once can quickly drain your PC’s resources.

The Elite MTF Indicators enable you to monitor signals and trend conditions from just one chart by displaying 5 rows of dots in the sub-panel that correspond to each of the 5 timeframes or symbols that you desire.  This allows you to easily monitor multiple timeframes and/or symbols with ease.  You will no longer have to click a thousand times to change charts, wait for data to load, strain your eyes, lose your focus, drain your PC’s resources, or waste your time.  It is essentially the trader’s version of ‘the guide’ on your cable tv box.  Would you prefer using the guide to see what’s on or manually click between channels to check them?

9) What is the Elite Reversals Indicator add-on?

One of the most powerful Indicators that we have ever developed, the Elite Reversals Indicator simultaneously displays reversal signals from ALL of the Elite Indicators.

It predicts major tops and bottoms with unprecedented accuracy by identifying "signal clusters" -- areas in which several reversal signals have registered simultaneously – that drastically increase the power and accuracy of the signals.

 

 

Find answers to your questions about Orders and Licensing    Orders and Licensing FAQs

 

1) Can I use an Indicator on more than one account simultaneously?

TradeStation Users: All Fibozachi indicators are locked to your unique Customer Number; you can login to the TradeStation® charting platform from any computer / PC with your account details and will be able to use the Indicators. However, TradeStation does not allow two different computers to be simultaneously logged into one account. If you are running multiple PC’s with multiple accounts and would like to use our tools on all of them at once, please inquire about discounted pricing options via 

NinjaTrader Users: All Fibozachi indicators are locked to your unique MACHINE ID, which means that the Indicators can only be used on ONE physical PC. Each license will allow you to use the Indicators on two different PCs. If you are running multiple PC’s with multiple accounts and would like to use our tools on all of them at once, please inquire about discounted pricing options via 

2) What if I purchase an Indicator for one platform and then switch to another?

The cost to transfer one of our Indicator Packages to another platform is approximately 50% of the original product's price.  We don’t provide this transfer for free is because we have no way of confirming that you are switching charting platforms and there are obvious advantages of having the indicators for more than one platform (enables two PC’s or multiple accounts to run them simultaneously).  However, we are willing to operate on the ‘honor code’ and offer such transfers at half of the current or original price.

3) Can I purchase one or more Elite Indicators instead of the full Elite Trader Package™?

Absolutely! Each Elite Indicator can be purchased separately.  Keep in mind that those who purchase the Elite Trader Package™ enjoy a significant 25% discount.  If you love several Elite Indicators then simply do the math to determine the savings and see if it makes more sense to purchase the full Elite Trader Package™.

 

 

Find answers to your questions about Setup and Configuration FAQ Icon   Setup and Configuration FAQs

 

1) Are the Elite Indicators compatible with all symbols, timeframes and chart types?

Yes, yes, and yes. The Elite Indicators are extremely effective across all symbols, timeframes and chart types. While you may have a favorite symbol, timeframe or chart type, the Elite Indicators remain consistently powerful and accurate.

2) What are the best timeframes or chart types to use?

The algorithms behind the Elite Indicators (specifically the reversal-based Indicators) operate best when price has little to no 'noise'.  Shorter timeframes such as 1-minute or 5-minute charts are more prone to sideways price movements (chop or consolidation), whereas the 60-minute, daily, and weekly timeframes tend to have 'cleaner' price action.  As long as there is sufficient liquidity and continuous trading activity to generate clean price action, the Elite Indicators will maintain their accuracy and effectiveness.

3) What Input settings and parameters do you recommend?

The default settings are what we personally use and what we felt was a good starting point for a wide range of trading styles. We strongly encourage you to experiment with various combinations of input settings to determine which are best for your specific trading style.

4) What are Elite Oscillator™ Divergences? How do they work?

Elite Oscillator™ Divergences occur when price and the Elite Oscillator™ move in opposite directions than what one would expect.  A Bullish Divergence occurs when the Oscillator value increases while price decreases.  A Bearish Divergence occurs when the Oscillator value decreases while price increases.  

Both price and the Oscillator values will normally move in the same direction, so it is significant and important to identify when they begin to diverge and move in opposite directions.  This ‘disagreement’ serves as an important warning sign for traders, by alerting you of the increased likelihood of a price reversal, retracement or correction.  Many swing highs and lows in price are marked by such divergences, making them effective entry or exit signals.

5) What are “Dynamic OverBought/OverSold Levels” (DOBOS™)? How do they work?

Our design development team at Fibozachi has created an innovative and proprietary new feature called "DOBOS™", which stands for “Dynamic OverBought/OverSold Levels”.  These special OB/OS Levels are calculated using recent price movements and Indicator values, which are able to pin-point the ideal values for where the OverBought and OverSold Levels should be, based on the current market environment.

This is a significantly more accurate and effective method of determining the OverBought and OverSold Levels of an Indicator.  Instead of simply relying on fixed or static values such as “80” and “20”, DOBOS™ automatically synchronizes the OB/OS Levels after each bar to remain in perfect harmony with current market conditions.

6) How do I configure alerts for a specific signal or condition?

The various Elite Indicators include optional alerts for a variety of different conditions and signals to ensure that you will not miss any important signals.

7) How do I scan a list of symbols for certain signals or conditions?

The Elite Indicators include specialized "Scanner Versions" of each Indicator that are designed to be used with the Market Analyzer (NinjaTrader), RadarScreen (TradeStation) or Market Scanner (MultiCharts).