ROBO_Trading

robotrading fibo618

This script automatically finds the 61.2% Fibonacci level. Use it only for the daily timeframe.

The script also shows the 61.2% Fibonacci level in the past. The pointers show the cases when the price was below this level. These are very good prices to buy if you think the price will continue to rise. Good prices to buy during a correction after a price pump.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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