Daily Auto Fibonacci Tool — Indicator by NeoButane

trendanalysis fibonacciretracement autofib neobutane nb

Calculates Fibonacci retracements based on daily highs/lows, and further beyond that if specified. The main difference between this and other auto Fibbing tools is ease of visibility.

Options:

Take highs/lows from a few days back or take highs/lows from each daily candle
Hide retracements before today
Show labels for each retracement level
Hide/Show retracement levels
Change colors quickly and uniformly (in script)

Retracements used:
-0.382 / 0 / 0.236 / 0.382 / 0.5 / 0.618 / 0.786 / 1 / 1.272

Release Notes:

Added toggle to show/hide on daily or higher timeframes

Release Notes:

Use a single input to control text color.

Release Notes:

Hid other indicators on chart

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Open-source script

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.

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.

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