100kiwi

FibLines2

This script is a new version of "FibLines" which automatically draws Fibonacci Lines on chart.
0% line and 100% line are determined by "Period" and "Delay" parameter.

β—†Params
- Period: specifies periods to detect the highest ( bearish ) fractal and the lowest ( bullish ) fractal .
- Delay: specifies the number of new bars you ignore.

(πŸ‘‡ old version)
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.

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Comments

Thank you for sharing ^^
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wow this is an awesome indicator :)
thank you for creating this tool and for sharing it with the community...
I have been using your version one for a few weeks
made my day to find you have a version two that also does fib extensions
thanks again for your hard work
good luck !!!
Reply
100kiwi iamthree
@iamthree, I'm so glad you like it. Thank youπŸ˜€
Reply
Hi

Do you have any updates to this indicator?
Reply
100kiwi GarethSA
@GarethSA, no. v1.0 is the current version.
Reply
GarethSA 100kiwi
@100kiwi,
Why do your fibs not line up with TV fibs?

Reply
GarethSA GarethSA
@GarethSA, Yours is the Aqua by the yellow arrow?
Reply
100kiwi GarethSA
@GarethSA, I don't think the results of the TV fibs calculations are correct.
For example, the 50% line.
(176.03 + 216.63) / 2 = 196.33 (TV fibs values is 195.30)
Reply
GarethSA 100kiwi
@100kiwi,
Well why would theirs be wrong?
Maybe you should test on your screen and send them the info to fix
Reply
100kiwi GarethSA
@GarethSA, In my environment, both are fine. I don't know what would cause a different result in your environment.πŸ€₯
(Red:Fiblines2, White:FibExtTool)
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