TheYangGuizi

Auto Fib

Took the code from LazyBears rsi-fib and made it so you could apply it to a chart. It plots fib levels between the high and low of a timeframe of your choosing. Seems to line up well with custom drawn fib levels.

Not sure if it's any better than just drawing the lines yourself, but whatever.
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?
study(title="FibFib", shorttitle="AutoFib", overlay=true)
fiblength=input(265)
maxr = highest(close, fiblength)
minr = lowest(close, fiblength)
ranr = maxr - minr

ON=plot( maxr , color=black,  title="1")
SS=plot( maxr - 0.236 * ranr, title="0.764", color=#3399FF )
SO=plot( maxr - 0.382 * ranr, title="0.618", color=blue )
FI=plot( maxr - 0.50 * ranr, title="0.5", color=lime )
TE=plot( minr + 0.382 * ranr, title="0.382", color=green )
TT=plot( minr + 0.236 * ranr, title="0.236", color=red )
ZZ=plot( minr , title="0", color=black )

fill(ON,SS, color=red)
fill(SS,SO, color=#3399FF)
fill(SO,FI, color=lime)
fill(FI,TE, color=lime)
fill(TE,TT, color=#3399FF)
fill(TT,ZZ, color=red)

Comments

sir how to use this
+66 Reply
Have anybody used it in conjuction with autoview?
+18 Reply
patwari40261364 SheikhNaveed
+5 Reply
cossgame1109 patwari40261364
Reply
This is great, thank you. The most useful of all TView fib scripts yet so simple.

Should .764 be .786 or do you mean it as mainly negative .236?
+12 Reply
d14b0ll0s d14b0ll0s
@d14b0ll0s, BTW, what's the reasoning behind 265 as the look-back period?
+22 Reply
Hello, could you please post the script of the RSI-Fib because I can't find it?

Thank you!
+7 Reply
zaoza TheGreatBullOnTheStreet
Reply
@TheYangGuizi ,hey I have a script in TOS which runs based on support and resistance of fibs.Do you think you could look at it and see if it can be converted to trading view?
+3 Reply
How to get this indicator
+3 Reply