OPEN-SOURCE SCRIPT
Updated Dynamic Fibonacci Retracement
A simple fibonacci retracement tool that dynamically updates itself based on current price and previous retracement values.
Features the essential aspects of the built-in tool and more.
The top and bottom levels will auto-adjust according to where price currently is, which will also affect fibonacci levels as it progresses.
Features the essential aspects of the built-in tool and more.
- Auto Trendline
- Auto Reversal
- Auto Level Adjustment
- Labels indicating retracement value
- Customizable lookback range
The top and bottom levels will auto-adjust according to where price currently is, which will also affect fibonacci levels as it progresses.
Release Notes
Updated default color transparencyRelease Notes
Added- Option to adjust and disable levels
- Default color transparency changes
- Options to extend and disable labels
Release Notes
Added- Minor Changes
Release Notes
Added- Price labels
- More styling options
Release Notes
- Refactoring
Release Notes
Refactor- Minor runtime performance increase.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.