This indicator was designed based on Trading : One written by Scott Carney.
This is about ratios which expanded through retracement and projection.
Derivation is pretty much explained here such as Primary, Primary Derivation, Secondary Derivation and Secondary Derivation Extreme.
Derivation value depends on minimum retracement or maximum projection.
This derivation value utilize Fibonacci value which later expand to Ratio.
Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much explained here. Credits to TradingView.
This build is based and visualized upon Harmonic Trading Ratios.
This build also was stripped down from XABCD Custom Range Interactive.
Scott Carney, Trading : One (Page 18)
Table can positioned by any position and font size can be resized.
Labels can be either changed to alphabets or numbers.
█ HOW TO USE
Draw points from Point A to Point C.
Dont worry about magnet, point will attached depends on High or Low of the candle.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
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.