TradeChartist

Simple Fibonacci Retracement

Simple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart.

Fibonacci Levels can be plotted using Lookback or manual Price input from the settings.

1. Lookback type - Candles

Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed.

2. Lookback type - Days

Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.

3. Manual Price Input

Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement.

The Fibonacci levels can also be reversed by enabling 'Reverse' option from the settings.
Catatan Rilis: Code updated
Catatan Rilis: Added

1. Line Style, Width and Transparency options for Fib Lines/Labels.
2. Option to show 0.886 and 1.113 Fib levels
Catatan Rilis: Added

1. New Pine color input option from settings
2. Fib level label for current close price
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
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Komentar

Perfect work, thanks so much!
100 koin
+2 Jawab
@MaWeAl, Thank you. Best wishes.
Jawab
Great tool!

I tried to modify it in order to set sessions (1700-1700) for how it should operate, but as a rookie in pine script it seems I stumble across an issue that says "the study references too many candles in history"

I added the following:
FPeriod = timeframe.isintraday and Foption=="2. Days"? time("1440", "1700-1700"):

Any suggestion for how I could avoid the error message?

Thanks in advance :)
+3 Jawab
TradeChartist EivindBRisa
@EivindBRisa, Did you manage to do this? I have not played around with sessions and timestamps yet with the script.
Jawab
EivindBRisa TradeChartist
@TradeChartist, No.. not in a successful way... but it would be interesting to try it out as some commodities has some correlation with fib and session!
Jawab
Its a great tool, Thanks brother
+1 Jawab
TradeChartist rakesh2574
@rakesh2574, Thank you. All the best.
+1 Jawab
Could you add two extra leveles, 12.40 and 83.50
+1 Jawab
TradeChartist robertmalota
@robertmalota, I've released a new script - ZigZag & Auto Fibonacci Retracement and has option to customise Fib Levels. You can set any custom Fib Level for both Auto-Fibs and Manual Fibs based on lookback. All the best.

Jawab
Would you have another indicator with the static levels, like S1 - S5 and R1 - R5. The market kept moving the 0 level, I didn't have target level while it was moving. I hope this makes since. I ask because of how well this indicator works on the charts. Thanks!!!
+1 Jawab