OPEN-SOURCE SCRIPT
Fibonacci Daily Limits (Expected Ranges)
Updated
This indicator takes the price range from the previous day and plots 127% and 161% extension to the current trading day.This limit is often respected.
**Hopefully someone can improve this by making a version to only plot the current day ....Neat/Clean Charts :)
**Hopefully someone can improve this by making a version to only plot the current day ....Neat/Clean Charts :)
Release Notes
Based off the hour timeframe this indicator takes the price range from the previous day and plots 127% and 161% extension to the current trading day.This limit is often respected.**Hopefully someone can improve this by making a version to only plot the current day ....Neat/Clean Charts :)
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.
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