Fib Retracement

I've re-created the fib retracement tool as an indicator and this is as close as I can currently get to matching the built-in fib retracement tool.

Why did I make this? For custom labels for every fib retracement level.

Caveats to this vs the built-in tool are:
  • the "Save as Default" doesn't appear to work (I believe this is due to the interactive/confirm based settings)
  • copy and paste to another chart is locked into the price of source location
  • when dragging the points of retracement the tool/indicator disappears

Hopefully some can find usefulness in this code or it's functionality.

@tradeseekers (YouTube, Twitter)
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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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