Automatic plots of 23.6% 38.2%, 50%, 61.8%, 65%, 78.6% and -23.6, -61.8% and -100% levels.
Customisable Fib Length - Time period over which max and min are chosen.
Customisable Offsetfib - Offsets the and sell zone as your entry position
will be some time after the upper and lower are set.
Vegas Wave - Automatic plot. Shows price relative to wave and crossover - See my 'Vegas Wave' code for more of an explanation.
A strategy based off buying the 50-618 with a defined stop loss the other side of the 65 or 786 can easily be formulated.
This tool will automatically plot those points but a defined Risk Management strategy will always be needed.
The 236 and 382 region can also be plotted, allowing for lesser retracements coinciding with wave 4 pullbacks ( Traders).
Works best in trends but will work on all timeframes ( correction in an downtrend also possible).
Previous shown but be careful to identify which of the several you are using.
Start at a larger timeframe and move down. (Entries consistent on several timeframes are golden)
and retracements are dynamic. Be sure to note your entry and targets.
Works well when used in combination with an oscillator which highlights Divergence.
Also refer to my other 'Fibonacci' Codes for more context.
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