I) INTRODUCTION & ACKNOWLEDGMENT:
This script integrates multiple indicators into a cohesive tool, offering enhanced functionality for short-time frame traders especially. Before delving into its optimal use and benefits, it's important to acknowledge the sources that inspired its development.
The credit for creating the original indicators remains unknown to...
Fibonacci Pivot Zones make use of the average price between the high, low & close of the previous session, while adding deviations based on Fibonacci numbers to form support and resistance zones, which can be used as targets for intraday and swing trading.
You can select the timeframe for the zones, for example 12 hour pivots to trade in 15m timeframe, or even...