OPEN-SOURCE SCRIPT
Fibonacci Pivots Enhanced Levels (daily)
Fibonacci pivot point levels
multiply the previous day’s range with its corresponding Fibonacci level.
Tradingview Standard Pivot Template includes S/R Levels 1 – 3 only .
I take into account additional Fibonacci pivot levels (S/R 4 – 7) on daily basis (no need for higher timeframes - weekly, monthly).
multiply the previous day’s range with its corresponding Fibonacci level.
Tradingview Standard Pivot Template includes S/R Levels 1 – 3 only .
I take into account additional Fibonacci pivot levels (S/R 4 – 7) on daily basis (no need for higher timeframes - weekly, monthly).
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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