GBTT Premarket Fib Zones
This is a daily pre market fib tool. Basically, it looks at your premarket price action and generates a set of fibs. From there, it cross references bearish vs bullish fibs, creates a bear and bull zone to watch for during the day. Finally it draws associated fib levels in each direction are plotted/shaded to represent possible price levels for the day.
The lines will redraw/update every day at open, 930 est and then be there on the chart all day until the following open. These zones are meant to be a reference point for the current trading day only.
Intended use:
To provide educational content about the short term movement of an asset. Can be used on any time frame. But remember, it updates at 930 at open for each day and is only applicable to the current trading day.
Disclaimer:
NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact GreatBlueTrades directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact GreatBlueTrades directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.