Support & Resistance Trendlines with PP + Fib. Channel

Yatagarasu_ Updated   
Support & Resistance Trendlines with Pivot Points + Fibonacci Channel

  • This script automatically draw support and resistance trend lines based on pivot points and add a fibonacci channel.
  • It will show potential patterns with the help of support and resistance lines as well as breakout target and pullback entry with the fibonacci extension and retracement levels.

It is based on atolelole's script, I only made it more configurable so please check out his script.
I added the possibility to change values and add additional retracement and extension levels.
I also made it customizable with the possibility to change lines color, width and style.
Release Notes:
Added groups
Release Notes:
Added extend channel lines
Adjusted lines transparency default values
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.


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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