JustUncleL

Auto Daily Fib Levels R2 by JustUncleL

This study is a variation of my "Automatic Daily Fibonnacci" indicator. This variation automatically draw Fibonacci Pivot levels (or optionally Classic Pivots ) based on the previous day's highest and lowest points. The HLC3 is used as the default Daily Pivot level.
Unlike the "Automatic Daily Fibonnacci", this indicator does not redraw/update levels on current day even if the price goes past the R3/S3 levels.

Timeframe: is just a text string and is not checked, so needs to be a valid resolution eg: 60, 120, 240, 360, 480, 720, 1D, 1W, 1M, 2D, 2W, 3M

Pivot LEVELS:
  • Green = Pivot and Pivot Zone
  • Blue = R1,S1 Levels and Zone
  • Red = R2,S2 Levels and Zone
  • Black = R3,S3 Levels
Release Notes: Revision 2.5 Update
  • Added 0.786 Levels
  • Added Optional Extended Levels
  • Added Option to Show Today's Pivots Only.
  • Removed Zone colouring except Centre Pivot Zone
  • Modified Default Colours

here is the Today's Only Pivot Option
Release Notes: R3 Updates
  • Modified the way "Today's Pivots" only is display, now only show levels in the current day's price action.
  • Added option to display current days open price.
  • Changed security calls to use "ticker" instead of "tickerid", this should allow indicator to be used with Renko charts.

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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JustUncleL

Comments

Nice tool! Thanks for sharing.

How can we get the fibonacci levels to begin plotting from the start of a new day? Thanks.
Reply
JustUncleL cooney_s
@cooney_s, I have not updated this indicator for some time and does not have that option. I have updated "HiLo Daily Fibonacci " though which is very similar levels idea, that version does have the option to show plots of just the current day.
Reply
cooney_s JustUncleL
@JustUncleL, thank you sir, I will check it out.
Reply
nice indi, thanks
Reply
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