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HoanGhetti

Dynamic Fibonacci Retracement

HoanGhetti Updated   
Trend Analysis Pivot Points Support and Resistance Fibonacci Retracement
1059
28
trendanalysis pivotpoints supportandresistance fibonacciretracement
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.
  • 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.
snapshot
Release Notes:
Updated default color transparency
Release 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 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.

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