NeoButane

Daily Auto Fibonacci Tool

Calculates Fibonacci retracements based on daily highs/lows, and further beyond that if specified. The main difference between this and other auto Fibbing tools is ease of visibility.

Options:
  • Take highs/lows from a few days back or take highs/lows from each daily candle
  • Hide retracements before today
  • Show labels for each retracement level
  • Hide/Show retracement levels
  • Change colors quickly and uniformly (in script)

Retracements used:
-0.382 / 0 / 0.236 / 0.382 / 0.5 / 0.618 / 0.786 / 1 / 1.272
Release Notes: Added toggle to show/hide on daily or higher timeframes
Release Notes: Use a single input to control text color.
Release Notes: Hid other indicators on chart
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Thank you
Great job
Happy Christmas
+2 Reply
Thank you for this indikator
+1 Reply
very good
+1 Reply
awesome, thank you!
+1 Reply
Thanks, You can Made this indi ator only two line?
The 0 levels to 50% of the FIBO?
Reply
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