This script use the pivot point (S1 and R1) and then apply the Fibo to the range of S1 , R1. With this level can see and find easly the next support and resistance. From the format can customize the period of Pivot , and the pivotperiod should be greater then the chart period.
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
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