3GBH - Pivot Points & Fib Levels — Indicator by Clancy3gbh

trendanalysis volatility fibonacciretracement autopivot

This indicator displays Pivot Points & Fib Levels based on the timeframe you select.

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There are 3-levels of support/resistance to the Pivot Points.

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Currently there are only Fib-Levels based on the 1st Pivot Levels.
Fibs will be added to the other 2 levels in the near future.

The Golden Ratio is highlighted by default.

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The Pivot Line is either green or red depending on whether the price is above or below.

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Fibonacci tools are quickly becoming a favorite of mine. This helps me to practice working with them,
and may help to be more efficient in doing analysis.

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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