OPEN-SOURCE SCRIPT
Range Level [plx]
Updated
This indicator automatically draws Fibonacci levels based on your selected timeframe: Monday, Monthly, or Quarterly.
For instance, if you choose Monday, it plots Fibonacci levels (0, 0.25, 0.5, 0.75, 1) based on that day's candle. You can also opt to display titles on the top right of each line for clarity.
Additionally, it offers the feature to show a dashed line between levels for easier visualization of the midpoint.
Designed for educational purposes.
For instance, if you choose Monday, it plots Fibonacci levels (0, 0.25, 0.5, 0.75, 1) based on that day's candle. You can also opt to display titles on the top right of each line for clarity.
Additionally, it offers the feature to show a dashed line between levels for easier visualization of the midpoint.
Designed for educational purposes.
Release Notes
This indicator automatically draws Fibonacci levels based on your selected timeframe: Monday, Monthly, or Quarterly.For instance, if you choose Monday, it plots Fibonacci levels (0, 0.25, 0.5, 0.75, 1) based on that day's candle. You can also opt to display titles on the top right of each line for clarity.
Additionally, it offers the feature to show a dashed line between levels for easier visualization of the midpoint.
Designed for educational purposes.
Release Notes
replace numbering formatOpen-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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Disclaimer
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