We’re excited to announce our newest addition to Pine, the Auto Fib Retracement indicator.
Fibonacci retracement is a popular tool used by technical analysts to determine support and resistance areas. But with our new Auto Fib indicator, you’ll no longer have to explicitly specify points on your chart, as you had to with our Fib tool. The Auto Fib Retracement indicator will do everything for you.
To use this new tool, open Indicators and find Auto Fib Retracement in the Built-ins tab.
Refer to the graphic below for some visuals.
You can also find it in Pine Editor, by going to the New tab and clicking on Auto Fib Retracement. The graphic below shows this process.