fibo_levels — Library by taran1tul

MATH fibo

math fibo

Library "Fibo_levels"
Calculate Fibo levels from any 2 levels. Your need know only 2 price of 2 levels for calculate any level of Fibo: function 'fibo_lvl',
or calculate array of price Fibo levels : function 'fibo_lvls'

fibo_lvl(fibo_lvl1, price1, fibo_lvl2, price2, calc_level)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price2: Price for 2th any level (example 2497.4)
calc_level: Price for level to calculate (example 0.5)
Returns: return price for calc_level fibo

fibo_lvls(bars, time1, time2, fibo_lvl1, price1, fibo_lvl2, price1)
Parameters:
fibo_lvl1: First of any level of fibo from 0 to 1 (example 0.236)
price1: Price for 1th any level (example 2356.1)
fibo_lvl2: Second of any level of fibo from 0 to 1 (example 0.382)
price1: Price for 2th any level (example 2497.4)
Returns: array of price for fibo levels : (0.0, 0.118, 0.236, 0.384, 0.5, 0.618, 0.786, 1.0, 1.27,-0.27,1.618,-0.618)

Release Notes:

v2 -remove some unnecessary description of params

Release Notes:

v3
- remove error w reversed fibo

With best regards, Sergey.

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by 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.

Want to use this library?

Copy the following line and paste it in your script.