OPEN-SOURCE SCRIPT
Out Of The Box
Updated
this study is designed to help user to identify level of current price movement, the theory behind this study is fibonnaci levels without further price projection. the indicator default setting is 60 days (length) with 5 days of forwarded displacement, which convert into a quarter year approximately and 1 week of forwarded offset.
Release Notes
Modified some code in this study to enable price levels to be projected...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.
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.