Trend Line Fibonacci [TLF]

TLF is a price based Adaptive Scalping Indicator ideally to be used over lower timeframes
1min, 5min,.... 30 min

Its made using pivot calculations of fibonacci lookback lengths, which gives it an adaptability
default lookback lengths are:

This indicator is a pine script clone of Trend Line Fibonacci as available in MT4
google search ( prorealcode , trend line fibonacci )

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.

Want to use this script on a chart?
Masters in Quantitative Finance,
University of London .

Algorithmic Trading Certifications
University of Oxford, Säid Business School .

Electronics and Communications Engineer at core .

Happy to help, message me!


Looking exactly for something like this that works best in lower TF .... Thanks for sharing
Thanks, this is going to change the way I trade.
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