AutoFib Extensions -by Stocksight — Indicator by SighTTrader

Autofib Extensions will automatically appear instantly when the candle breaks the high based on the period selected. Updates itself instantly, will show you the price of each level at the moment. Default uses a 3 period offset but can be modified.

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

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//Auto Fib Extentions created by Stocksight January 1, 2016 Version 1.0

study("AFEXT", overlay=true, max_bars_back= 89)
z = input (50)
p_offset=input(3)

a=(lowest(z)+highest(z))/2
b=lowest(z)
c=highest(z)

//fib extension Calcs
fib1 = (((c-b)*1.13)+b)
fib2 = (((c-b)*1.272)+b)
fib3 = (((c-b)*1.41)+b)
fib4 = (((c-b)*1.500)+b)
fib5 = (((c-b)*1.618)+b)
//Calcs for a total of 7 fib extensions available, only four will plot.
fib6 = (((c-b)*1.764)+b)
fib7 = (((c-b)*2.00)+b)

fib8 = (((c-b)*-.13)+b)
fib9 = (((c-b)*-.272)+b)
fib10 = (((c-b)*-.41)+b)
fib11 = (((c-b)*-.500)+b)
fib12 = (((c-b)*-.618)+b)
fib13 = (((c-b)*-.764)+b)
fib14 = (((c-b)*-1.00)+b)

p1 = close > c[p_offset] ? fib1[p_offset] :na
p2 = close > c[p_offset] ? fib2[p_offset] :na
p3 = close > c[p_offset] ? fib3[p_offset] :na
p4 = close > c[p_offset] ? fib4[p_offset] :na
p5 = close > c[p_offset] ? fib5[p_offset] :na

p8 = close < b[p_offset] ? fib8[p_offset] :na
p9 = close < b[p_offset] ? fib9[p_offset] :na
p10 = close < b[p_offset] ? fib10[p_offset] :na
p11 = close < b[p_offset] ? fib11[p_offset] :na
p12 = close < b[p_offset] ? fib12[p_offset] :na


plot(p1, color =yellow, style=linebr,join = true)
plot(p2, color = gray, style = linebr, join = true)
plot(p3, color = gray, style = linebr, join = true)
plot(p4, color = red, style = linebr,join = true)
//plot(p5, color = black, style = linebr,join = true)


plot(p8, color =yellow, style=linebr, join = true)
plot(p9, color = gray, style = linebr,join = true)
plot(p10, color = gray, style = linebr,join = true)
plot(p11, color = red, style = linebr,join = true)
//plot(p12, color = black, style = linebr, join = true)