rumpypumpydumpy

Padovan Retracements

Alternative to Fibonacci levels. There are actually many such ratios besides the golden ratio and the Fib sequence. This is based on the plastic ratio or the Padovan sequence.

If you wish to use the ratios in the fib tool, the following are the corresponding alternate values :

0.245
0.325
0.430
0.570
0.755
1.000
1.325
1.755
2.325
3.080
4.080
Release Notes: Extra options, improvements/fixes
Release Notes: Adjustable number of extensions, line extension and label options
Release Notes: Option added to plot normal or reversed levels.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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