Personally I don't like the trouble of drawing fibonacci retracement and extension tolls time and time again, not only human eyes and hands are not as accurate as a computer, but also, you would sit and think : "Hey, which one of these candles is the start of the wave" time and time again. That is one of the issues, some times you may want to drop more than one fibo on the chart to see where they over lap and that, makes your chart hell to look into. This script will draw fibonacci levels for you based on the time frame you are in, for each time frame the number of bars that it will look into differs and if you need to, you can adjust them per time frame separately. And as always for indicators, you have total control on which lines to draw and clouds, and their color and transparency.
The reason this title has Fix, is that I totally forgot to change some titles in the script so in the style you would see some errors in titles and also, the 1.618 line had a wrong title, sorry and thanks
Great script, yours is the first that automatically handles the different time frames.
How did you choose the values for the number of bars it will look into?
How did you choose the values for the number of bars it will look into?