dgtrd

Auto Fib Time Zones and Trend-Based Fib Time by DGT

Fibonacci time zones, based on the Fibonacci number sequence, are vertical lines that represent potential areas where a swing high, low, or reversal could occur.

Trend-Based Fib Time shows probable price corrections in an existing trend. A useful tool to use in addition to Elliot Wave counting, Fib Time helps to identify how far the wave is likely to travel

Please note, Time zones aren't concerned with price, only time

Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely

The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Release Notes: updated with example presenting new linefill functionality
Release Notes: made background coloring same as with the drawing tool and added transparency option
Release Notes: alert functionality added
* any alert() function call
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

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.

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