Fibonacci Pivot Range

This is based on Fibonacci Pivot Points. I forked "CristianD CD_PivotR" code for this. Thanks

"Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels."

Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}

Adding more support or resistance levels should be really easy.

Release Notes

I changed the supp1 and res1 from 0.382 to 0.236 and supp2/res2 from 0.618 to 0.382
I think it makes more sense. and 0.618 is too extreme.

Release Notes

0.618 is back. Cryptocoin markets are volatile enough to make it useful. Also, renamed it to "Bestest Fibonacci Pivot Range aka "Fib_Piv" so it's easier to find.

Release Notes

Removed unrelated scripts from preview

Release Notes

Removed unrelated scripts from preview

Release Notes

Fixed a stupid copy/paste mistake. Now you can see the 0.618 line too.

Added transparency: 45

P line thickness is 2, the rest are 1

Please adjust it to your liking and screen res.

Any ideas or requests? Please post as comments.

PS! The way I use it is that I fire it up, use line tool to draw over today's and yesterdays lines and then hide the script. This way charts zoom in/out, scale etc work better.

Release Notes

Made it more visible on white background. Pivot point (green) S2 and R2 are now lines and from channel. You can change that from the settings.
Renamed the points.

Release Notes

Shortened the indicator titles/labels

Release Notes

Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D

Release Notes

Clean-up and update to version 4
Added level 1.0, level 0.236 is now optional

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.

alskdj

Disclaimer

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Open-source script

alskdj