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Fibonacci Pivot Range

This is based on Fibonacci Pivot Points . I forked "CristianD CD_PivotR" code for this. Thanks


"Fibonacci Pivot Points start just the same as Standard Pivot Points . From the base Pivot Point , Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels."



  • Pivot Point (P) = (High + Low + Close)/3

  • Support 1 (S1) = P - {.382 * (High - Low)}

  • Support 2 (S2) = P - {.618 * (High - Low)}

  • Resistance 1 (R1) = P + {.382 * (High - Low)}

  • Resistance 2 (R2) = P + {.618 * (High - Low)}


Adding more support or resistance levels should be really easy.


Release Notes: I changed the supp1 and res1 from 0.382 to 0.236 and supp2/res2 from 0.618 to 0.382
I think it makes more sense. and 0.618 is too extreme.
Release Notes: 0.618 is back. Cryptocoin markets are volatile enough to make it useful. Also, renamed it to "Bestest Fibonacci Pivot Range aka "Fib_Piv" so it's easier to find.
Release Notes: Removed unrelated scripts from preview
Release Notes: Removed unrelated scripts from preview
Release Notes: Fixed a stupid copy/paste mistake. Now you can see the 0.618 line too.

Added transparency: 45

P line thickness is 2, the rest are 1


Please adjust it to your liking and screen res.


Any ideas or requests? Please post as comments.

PS! The way I use it is that I fire it up, use line tool to draw over today's and yesterdays lines and then hide the script. This way charts zoom in/out, scale etc work better.
Release Notes: Made it more visible on white background. Pivot point (green) S2 and R2 are now lines and from channel. You can change that from the settings.
Renamed the points.
Release Notes: Shortened the indicator titles/labels
Release Notes: Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D

Release Notes: Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D
Release Notes: Clean-up and update to version 4
Added level 1.0, level 0.236 is now optional
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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