There are options to toggle the following:
- Auto fibonacci levels with alerts for the look-back period of your choosing
- Auto with alerts
- Alerts for the price closing above/below the 50MA
- A coloured background to show the trend direction (green = up, red = down)
The fib and support levels can be handy when trying to determine when best to take profit or even exit the trade entirely.
Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same.
This is a premium script. Please DM me for access.
NOTE: The optional fib & support levels use the security function for plotting and this will trigger a warning when setting alarms. Rest assured, the indicator itself does not repaint. Once a long or short signal is given, these are locked in upon candle close.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact colinmck for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Warning: please read before requesting access.