Auto Fib Levels — Indicator by StockManTrading

This script uses fibonacci retracment methodology to calculate various levels that can be used by traders intraday. The retracements plotted are as follows: 0/LOD, 23.6, 38.2, 50, 61.8, 78.6, and 100/HOD. The script also has additional functionality as described below:

- Dynamically changing fibs when a new HOD/LOD is made.
- Labels for each retracement level
- Ability to toggle labels off for each level
- Ability to choose what market hours fibs take data from (make sure the time makes sense for the candle - i.e. 15-minute increment if using 15-minute chart)
- Ability to remove all labels
- Ability to choose colors/style for each individual level
- Ability to choose colors for each individual label

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact StockManTrading for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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Author's instructions

Contact StockManTrding for access

Want to use this script on a chart?

Warning: please read before requesting access.