Auto Daily Fib Levels R2 by JustUncleL

This study is a variation of my "Automatic Daily Fibonnacci" indicator. This variation automatically draw Fibonacci Pivot levels (or optionally Classic Pivots) based on the previous day's highest and lowest points. The HLC3 is used as the default Daily Pivot level.
Unlike the "Automatic Daily Fibonnacci", this indicator does not redraw/update levels on current day even if the price goes past the R3/S3 levels.

Timeframe: is just a text string and is not checked, so needs to be a valid resolution eg: 60, 120, 240, 360, 480, 720, 1D, 1W, 1M, 2D, 2W, 3M

Pivot LEVELS:

Green = Pivot and Pivot Zone
Blue = R1,S1 Levels and Zone
Red = R2,S2 Levels and Zone
Black = R3,S3 Levels

Release Notes

Revision 2.5 Update

Added 0.786 Levels
Added Optional Extended Levels
Added Option to Show Today's Pivots Only.
Removed Zone colouring except Centre Pivot Zone
Modified Default Colours

here is the Today's Only Pivot Option

Release Notes

R3 Updates

Modified the way "Today's Pivots" only is display, now only show levels in the current day's price action.
Added option to display current days open price.
Changed security calls to use "ticker" instead of "tickerid", this should allow indicator to be used with Renko charts.

JustUncleL

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.

Want to use this script on a chart?

JustUncleL

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.