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 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 publication is governed by House rules. You can favorite it to use it on a chart.
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