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Blockunity Fibonacci Score (BFS)

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The Fibonacci Score (BFS) is an easy-to-use indicator that enables you to effectively observe the risk level of any crypto or traditional asset. The BFS can be used in retracement mode, to position you to buy, or in extension mode, to position you to sell. A perfect tool for acting more confidently on any financial market.

Works on
  • All Assets
  • All Pairs
  • Crypto Market
  • Traditional Market


Elements
  • Colored Zones: Visually distinct sections that indicate levels of risk or performance on the chart.
  • Scores: From 0 to 10, reveal the level of risk to optimise your buying and selling.
  • Mode: The way Fibonacci Score is used, whether for forecasting retracements or extensions.
  • Panel: A dedicated area where you can consult essential information about the BFS.
Release Notes
Addition of an alerting system. This alert can be activated by setting the condition "Blockunity Fibonacci Score (BFS)" and selecting "Any alert() function call". The alerts sent are as follows:
  • The asset enters the 0, 1 or 2 retracement zones on the “all time history”.


Other Updates:
  • Added score labels and level extensions (in Extension mode).
  • Some parameter values are now hidden for better readability.
  • Code optimization.
Release Notes
  • Addition of new labels indicating the Fibonacci level.
  • Addition of a parameter to configure score label offset.
Release Notes
  • A new parameter has been added, enabling you to choose wicks or closes for the Fibonacci calculation.
  • A second new parameter enables Fibonacci levels to be calculated logarithmically.
  • A correction has been made to the plot of Fibonacci retracements.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.