Support & Resistance Trendlines with PP + Fib. Channel — Indicator by Yatagarasu_

pivotpointsandlevels pivotpoints supportandresistance supportandresitance trend lines pivot points retracement extension auto automatic

█ 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.

Pivot Points (Channel | Fib | Support/Resistances)

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.

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.

Want to use this script on a chart?