OPEN-SOURCE SCRIPT
FIB vs HL
This script show the relation bettwen daily fib seen in red =upper and blue=lower to daily candles upper and lower
since there is slight variation how both calculated we can see that when daily fib is lower then the low candles daily low then there is a good chance for a buy trend
and vice versa in oposite direction
so it just a nice idea that need further verification
since there is slight variation how both calculated we can see that when daily fib is lower then the low candles daily low then there is a good chance for a buy trend
and vice versa in oposite direction
so it just a nice idea that need further verification
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.
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.
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.
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.