Advanced Custom Fibonacci Levels Indicator: This custom indicator allows traders to apply multiple Fibonacci levels on the price chart, calculated based on a user-defined price (A) and a variable (a). The Fibonacci levels are displayed as lines at significant price levels with customizable enable/disable options, colors, and labels for easy identification. For the Price value, we take the first 5 digits of the price (removing the decimal point). DR Low = Int(Price/PO3) x PO3 DR High = DR Low + PO3 PO3 = 27,81, 243, 729, 2187, .....
Key Features: Customizable Price & Variable: Enter your own price value (A) and select from predefined variable options (21, 81, 243, 729, 2187). Multiple Fibonacci Levels: Enable or disable key Fibonacci levels, such as 3%, 11%, 17%, 29%, 41%, and more. Customizable Colors: Adjust the color of each Fibonacci level according to your preferences. Dynamic Plotting: View low and high levels, alongside the selected Fibonacci levels, for better decision-making. This tool is designed for traders who wish to apply advanced Fibonacci analysis to identify potential support and resistance zones based on custom parameters.