Fibonacci Ratios with Volatility — Indicator by pbghosh

This script will plot Fibonacci ratios with volatility. The Fibonacci retracement and extensions are plotted in lower time frames up to 15 minutes and therefore, it can be used for intraday only.

Release Notes:

Enabled for 30M, 45M, 60M, 120M, and 240M timeframes.

Release Notes:

Updated the indicator name labels with fibonacci ratios.

Release Notes:

I have debugged the logical errors and hope this will work in all forex pairs, as well.

Release Notes:

Updated Features

Changed the Short Title
Included 0% Level
Removed deprecated function parameters
Migrated to Version 5

Release Notes:

I have received feedback from @MagnusTrading that this indicator is not plotting the lines properly on CRUDEOIL and FOREX charts. After thorough investigation, I have identified the bug and debugged it. I have also optimized the code with regards to volatility calculation. I have applied the debugged and optimized code on all segments and found this indicator working properly.

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.

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.

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