INVITE-ONLY SCRIPT
Updated

Fibonacci Indicator ⓙ

528
Automatic Daily Fibonacci (by JustUncle) upgraded.

This update is a correction on the way the Fib Zero line is calculated. Previously it was just based on the source of the previous day, which is Ok as long as the Fiblength was set to 2. The new version calculates the Fib Zero from the average of the specified source over the Fiblength, so if Fiblength is now something other than 2 the Fibonacci Zero and other support and resistant levels should calculate correctly.
Release Notes
more delicated
Release Notes
more accurate

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.