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OPEN-SOURCE SCRIPT

Fib High Low Points

By a_guy_from_wall_street
Updated
This is a simple indicator which plot high and lows based on Fibonacci sequence.
Best part of this indicator is it don't rewrite itself once it got plotted on the chart, which make it unique from other High low indicators.
Release Notes
added comments
Release Notes
Added instructions For batter understanding.
Release Notes
  • Color has been changed and a new calculation method is added. There is no need to change the inputs now current inputs work best with all timeframes.
  • NOTE: This is not a magic indicator. Don't think this will make you money single-handedly. You can use it to enhance your strategy or use mine (elaborated above) to catch a good trade.
  • Have a look at this, a perfect example of a Sniper Entry. Enable desktop site mode if you are a mobile user.
  • Copy this link: "tradingview.com/chart/EURNZD/vmnbqAa9-EUR-NZD-Entry-using-Fib-HL/"
highLOWTrend Analysis

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.

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