PINE LIBRARY
Updated fibo_levels
Library "Fibo_levels"
Calculate Fibo levels from any 2 levels. Your need know only 2 price of 2 levels for calculate any level of Fibo: function 'fibo_lvl',
or calculate array of price Fibo levels : function 'fibo_lvls'
fibo_lvl(fibo_lvl1, price1, fibo_lvl2, price2, calc_level)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price2: Price for 2th any level (example 2497.4)
calc_level: Price for level to calculate (example 0.5)
Returns: return price for calc_level fibo
fibo_lvls(bars, time1, time2, fibo_lvl1, price1, fibo_lvl2, price1)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price1: Price for 2th any level (example 2497.4)
Returns: array of price for fibo levels : (0.0, 0.118, 0.236, 0.384, 0.5, 0.618, 0.786, 1.0, 1.27,-0.27,1.618,-0.618)
Calculate Fibo levels from any 2 levels. Your need know only 2 price of 2 levels for calculate any level of Fibo: function 'fibo_lvl',
or calculate array of price Fibo levels : function 'fibo_lvls'
fibo_lvl(fibo_lvl1, price1, fibo_lvl2, price2, calc_level)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price2: Price for 2th any level (example 2497.4)
calc_level: Price for level to calculate (example 0.5)
Returns: return price for calc_level fibo
fibo_lvls(bars, time1, time2, fibo_lvl1, price1, fibo_lvl2, price1)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price1: Price for 2th any level (example 2497.4)
Returns: array of price for fibo levels : (0.0, 0.118, 0.236, 0.384, 0.5, 0.618, 0.786, 1.0, 1.27,-0.27,1.618,-0.618)
Release Notes
v2 -remove some unnecessary description of paramsRelease Notes
v3 - remove error w reversed fibo
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
With best regards, Sergey.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
With best regards, Sergey.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.