OPEN-SOURCE SCRIPT
24-Hour Volume and Fibonacci Levels Strategy
Explanation:
24-Hour High and Low: The script tracks the highest and lowest prices within the past 24 hours.
Fibonacci Levels: It calculates the Fibonacci retracement levels (23.6%, 38.2%, 61.8%, and 78.6%) based on the high and low of the past 24 hours.
Volume: The script plots a 20-period simple moving average (SMA) of the volume to give an indication of the market's activity.
Plotting Fibonacci Levels: The Fibonacci retracement levels are plotted on the chart with distinct colors.
24-Hour High and Low: The script tracks the highest and lowest prices within the past 24 hours.
Fibonacci Levels: It calculates the Fibonacci retracement levels (23.6%, 38.2%, 61.8%, and 78.6%) based on the high and low of the past 24 hours.
Volume: The script plots a 20-period simple moving average (SMA) of the volume to give an indication of the market's activity.
Plotting Fibonacci Levels: The Fibonacci retracement levels are plotted on the chart with distinct colors.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.