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Automatically draws Fibonacci levels, basen on the last closed bar of the specified time frame.
My #1 Utility: includes 65+ functions | Contact me if you have any questions
- helps to see potential reversal levels;
- patterns formed near the levels have more potential;
- significantly saves time spent on manual level plotting;
Adjustable parameters:
- The time frame used to plot the levels;
- Personalization of Fibonacci levels: main correction levels + extension levels;
- Line color, line width and line style;
Settings:
When loading the indicator, you will be presented with a set of options as input parameters.
- TimeFrame for Fibo: time frame used to draw Fibonacci levels. The High and Low coordinates of the last closed bar are used;
- Main Fibo Levels: the main Fibo levels: the values are specified in a line separated by a space, the decimal separator is a point(.);
- Extension UP Levels: upper extension levels;
- Extension DOWN Levels: lower extension levels;
- Main color: the color of the main Fibo levels;
- Upper color: the color of the upper extension levels;
- Lower color: the color of the lower extension levels;
- Line style: line style (solid/dotted…);
- Line width: line width;
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