OPEN-SOURCE SCRIPT

Fib Retracement

I've re-created the fib retracement tool as an indicator and this is as close as I can currently get to matching the built-in fib retracement tool.

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.
fibfibonnacciPine utilitiesretracement

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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