VegaXLR - Fibonacci Bands is a dynamic indicator for cTrader that automatically plots customizable Fibonacci bands parallel to a user-selected moving average. Traders can configure the moving average type (e.g., Simple, Exponential) and periods, which serve as the basis for the Fibonacci bands derived from adjustable Fibonacci levels (such as 0.0%, 38.2%, 61.8%, and others). The indicator supports both positive and negative Fibonacci levels, allowing tailored analysis.

It features multiple alert options including price level touch alerts—triggered on price contact or close at specified Fibonacci levels—and proximity alerts that notify when price approaches or moves away from these levels within a defined range. Alerts can be delivered via pop-up, sound (with customizable sounds), email, and Telegram messages.

Visualization settings enable customization of band colors, thickness, label display and position, and selective enabling or disabling of bands. A built-in user guide is accessible directly from the chart for ease of use.

Overall, VegaXLR - Fibonacci Bands combines Fibonacci retracement and expansion analysis with moving averages to assist traders in identifying potential support and resistance zones, enhanced by configurable alerts and visualization options.