evhar002

Auto Fibonacci Retracament Levels by evhar002

This indicator/tool (Auto Fibo) draws Fibonacci Retracement Levels automatically on chart.
The algorithm of the Indicator Plots the extreme points and puts the retracement levels in order by itself with 100% sensitivity.
The key point is that to arrange the length of the "Days Back" to arrange the correct extreme points.
Like the other auto plotting tools, the levels can change when the time frame of the chart changes, in contrast with manually drawn Fibo levels.

In technical analysis , a Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Description copied from https://tr.tradingview.com/u/KIVANCfr376... and updated according to this script content.

Here's the link to a complete list of all my published indicators:
https://www.tradingview.com/u/evhar002/#...
Release Notes: Day parameter default and max values updated. (Default value 10 days, max value 360 days)
Release Notes: 0 and 100 plot label's updated according to starting of fibo. Fibonacci starting point is 100%, end point is 0%.
Release Notes: New retracament levels add as optional.
-23.6
-38.2
-61.8
-65.8
Remove from Favorite Scripts Add to Favorite Scripts
What does the blue color indicate if you don’t mind? Thank you sir
+1 Reply
evhar002 Awes1989
@Awes1989, Right border is last bar, left border is equal to "Days back" parameter value which is the starting of script. For ex: Above screen has 10 Days back so, last bar is 21/09/18 15:00 (this bar still not completed so exclude this and include previous bar as right border 21/09/18 11:00), 21/09/18 15:00 - 10Days = 11/09/18 15:00 which is left border of blue are.
Auto fibo is calculate highest and lowest value between left border and right border.
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out