OPEN-SOURCE SCRIPT

Fibonacci Bands [BigBeluga] @Tradingade

The Fibonacci Band indicator helps traders find key support, resistance, and mean reversion levels using Fibonacci ratios. It adds three bands (38.2%, 61.8%, and 100%) around a central trend line, adjusting with price changes. This makes it easy to follow trends, see possible liquidity zones, and identify reversals for better trade entries and exits.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

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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.

Open-source script

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