violat0r

Auto Fibonacci S/R @robinraszka

This script automatically plots Fibonacci Retracement levels between high and low of a period of your choosing. I usually trade H1/H4 charts, and it seems to line up really well in those timeframes.

Enjoy.
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.

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Comments

One quick note, it uses the close from the classic Japanese candlesticks i.e. it will not use the close from Heikin Ashi candles if you're using them.
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