INVITE-ONLY SCRIPT

Wizard Previous 4hr Range & Fib

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To use the provided TradingView Pine Script code, follow these steps:

Customize the Inputs
The script includes several customizable parameters. You can adjust these in the Settings menu of the indicator:

Wick Colors: Change the colors for upper and lower wicks.
Fibonacci Levels: Customize Fibonacci levels and their colors.
Lookback Periods: Adjust the periods used for determining the Fibonacci and box levels.
Extend Lines: Choose whether to extend the Fibonacci lines.
Interpret the Output
Boxes: Highlight the upper and lower wicks of specific candles based on the selected lookback period.
Fibonacci Levels: Display Fibonacci retracement levels calculated from a higher timeframe and projected on the current chart.
Use the Indicator
Use this tool to identify key levels (e.g., support, resistance, and retracement zones) based on Fibonacci levels and candle structure.
Combine the insights with your trading strategy for better decision-making.
Verify that the timeframes and lookback periods align with your trading strategy.
This indicator is versatile for scalping and multi-timeframe analysis due to its Fibonacci projection and wick highlight capabilities.

"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."

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.