[MAD] Fibchannels — Indicator by djmad

bandsandchannels oscillator fibonacciretracement

This is an indicator that gives you bands around the Fibonacci levels High/Low of the asset.

There are 3 time frames available so you can use the hourly, daily and weekly at the same time.

You can change the bands via selectable inputs to suit your own preferences.

you can as example combine with RSI or MACD to find a entry

Release Notes:

Added labels and reduction of the securitycalls

Release Notes:

Bug fixing and some small features:
Colors
Transparency for Lines (per Timeframe)
Thickness for Lines (per Timeframe)
Fills configuration is because of lacking more plots still on manual selection

Trader & coder. TA & NFTs.
bitblockwizard.com more at bitblockart.com

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?