PROTECTED SOURCE SCRIPT
NTS
This indicator is a trend and Fibonacci-based analysis tool. It calculates a dynamic trailing level using ATR-based formulas and projects Fibonacci retracement ratios (61.8%, 78.6%, 88.6%) between the trailing point and the extreme price. These levels are then plotted on the chart to highlight potential zones of interest during ongoing market trends.
The script also provides optional alerts for situations such as:
Trend direction changes,
Price reaching selected Fibonacci levels,
Price crossing above or below the trailing line.
The main purpose of this tool is to support chart analysis and educational study. It is not a buy/sell signal generator and does not provide financial advice. Traders may use the displayed information as part of their own strategies and risk management approach.
The script also provides optional alerts for situations such as:
Trend direction changes,
Price reaching selected Fibonacci levels,
Price crossing above or below the trailing line.
The main purpose of this tool is to support chart analysis and educational study. It is not a buy/sell signal generator and does not provide financial advice. Traders may use the displayed information as part of their own strategies and risk management approach.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.