OPEN-SOURCE SCRIPT
Updated Multi Fib Volatility Stop
A 7-band overlapping Fibonacci volatility stop. Select the start and multiplier and 6 increasing fibonacci bands will be overlayed to suggest areas of high probability buy/ sell opportunities.
Release Notes
+ Labels to plots+ Arrow indicators for changes in direction (with tolerance input)
Release Notes
~ Updated the default Arrow Tolerance to 3 (seems more helpful / accurate)Release Notes
~ Fixes Data view price colors so that they are visibleRelease Notes
~ Better labels in editor~ Converted arrows to the easier to see labels
Release Notes
~ Updates labels for the editorRelease Notes
~ Updated to 2 -- is a better tolerance on the daily~ Udated the indicator colors to be move visible at a glance
Release Notes
+ Adds "Any Indicator" for a single-service alertRelease Notes
~ Renames some vars+ Adds "Realized" indicators which show when all stops align
Release Notes
+ Opacity visualization to main indicatorsRelease Notes
~ Updates precision: default -> 2+ Adds Percent Change
+ Adds Indicator Trigger line - an average of all 7 stops to better visualize when the indicator was triggered
+ Price line for latest indicator
Release Notes
~ Tones down Indicator Trigger line~ Adjusts Indicator Tigger line to ignore percentage tolerance
Release Notes
+ Adds editor input to toggle Money Flow filterRelease Notes
+ Adds tagsRelease Notes
~ Updates default settings. Aligns more with daily view and reduces some noise.
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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