OPEN-SOURCE SCRIPT
4H Fibonacci Candle Levels
eng.:
This indicator plots Fibonacci levels based on the last closed 4-hour candle.
If that candle was bullish, the levels are drawn bullish as well (from the bottom wick tip to the top wick tip), and if it was bearish, they are drawn the other way around.
As soon as a 4-hour candle closes, the levels are cleared and the new levels of the newly closed candle are drawn.
The indicator is visible on all timeframes, but the levels are fixed to the last 4-hour candle.
This indicator plots Fibonacci levels based on the last closed 4-hour candle.
If that candle was bullish, the levels are drawn bullish as well (from the bottom wick tip to the top wick tip), and if it was bearish, they are drawn the other way around.
As soon as a 4-hour candle closes, the levels are cleared and the new levels of the newly closed candle are drawn.
The indicator is visible on all timeframes, but the levels are fixed to the last 4-hour candle.
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.
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.
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.