'Golden ratio' Cubes - 'GoRaC'

The difference between 2 points is plotted here using 'Golden ratio' cubes
(working differently than my 'Golden ratio spiral - 'GoRaS')

The 2 points can be 'high/low' or 'max(open/close)/min(open/close)',
with the possibility of higher resolution, the following examples are with 1 week resolution

By extending the lines you can spot support/resistance area's

You can reverse:

or 'mirror':

The 'bars back' can be set to get a previous period
  • In the example of a week resolution on a daily chart:
    if you set '0', and it is Friday, the week isn't finished yet!
    Everything still can change (= repaint)

1 bar back (in this case 7 daily bars back since the res = week!):
2 bars back:
3 bars back:

Here using 'high/low' and lines extended to the left:
or 'max(open/close)/min(open/close)' and lines extended to the left:


- We cannot control our emotions,
but we can control our keyboard -
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.


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