How to use?
It ranges between 0-100. 0 is oversold, 100 is overbought.
It could be a really beneficial tool for determining longer term price location.
It is designed for any time frames smaller than 1 Day time frame.
Hey friends,
This indicator calculates the fibonacci levels by looking back long term, 365 days low and all time high. In fact, it also calculate fibonacci levels by looking back short term, 120 days low and all time high. But, it does stay there and combines those two and shows it in one simple indicator. As a result, for the first time, we can let the script do...
