0% line and 100% line are determined by "Period" and "Delay" parameter.
- Period: specifies periods to detect the highest ( ) and the lowest ( ) .
- Delay: specifies the number of new bars you ignore.
(👇 old version)
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.
Why do your fibs not line up with TV fibs?
For example, the 50% line.
(176.03 + 216.63) / 2 = 196.33 (TV fibs values is 195.30)
Well why would theirs be wrong?
Maybe you should test on your screen and send them the info to fix