OPEN-SOURCE SCRIPT
HiLo Daily Fibonacci R1 by JustUncleL
Updated
This is another indicator in my Pivot level series. This one automatically draw Fibonacci levels based on the previous day's lowest (0%) and highest (100%) values, similar to a Fibonacci retracement.
Manual TimeFrames can be given, it is just a text string though and is not checked, so needs to be a valid resolution eg: 60, 120, 240, 360, 480, 720, 1D, 1W, 1M, 2D, 2W, 3M
LEVELS:
Optionally can display historical Daily Fibonacci Levels.
Manual TimeFrames can be given, it is just a text string though and is not checked, so needs to be a valid resolution eg: 60, 120, 240, 360, 480, 720, 1D, 1W, 1M, 2D, 2W, 3M
LEVELS:
- Green = 100% - 200% Levels
- Blue = 0 - 100% Levels
- Red = -100% - 0 Levels
Optionally can display historical Daily Fibonacci Levels.
Release Notes
Minor changes:- Work around for Pivot now option.
- Updates for V3 Pinescript.
- Add extra level for Pivots Now option.
Release Notes
R3.1 Update- Modified the way "most recent" only is display, now only show levels in the current day's price action.
- Added option to display current day extension Fibs.
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.
JustUncleL
Disclaimer
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