Support and Resistance Points
As you can see, the price has bounced against various points of the marked Fibonacci levels.
Rather than being based on the manual settings that can be drawn by users on TradingView, they are instead created by looking back at a certain number of periods and drawing the static (dynamic at the same time) levels from top to bottom.
This is different than prior applications of this indicator, which have essentially amounted to a slightly modified Channel.
How to Obtain This Indicator
If you’re interested in obtaining this indicator, just reach out to me via a private message and we can discuss further details on everything.
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