Why did I make this? For custom labels for every fib retracement level.
Caveats to this vs the built-in tool are:
- the "Save as Default" doesn't appear to work (I believe this is due to the interactive/confirm based settings)
- copy and paste to another chart is locked into the price of source location
- when dragging the points of retracement the tool/indicator disappears
Hopefully some can find usefulness in this code or it's functionality.
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.