OPEN-SOURCE SCRIPT
TraderDemircan Automatic Extend Fibonacci v1.0
This indicator automatically identifies the most significant recent swing low and swing high within a user-defined lookback period. Based on this low-to-high move (from 0.0 to 1.0), it then calculates and plots a comprehensive set of Fibonacci retracement and extension levels, ranging from 0.0 up to 3.618.
This tool eliminates the need for manual Fibonacci drawing, providing a consistent and objective analysis of potential support and resistance zones. The levels automatically update as new highs are formed, ensuring your analysis stays relevant.
How It Works
Finds Swing Low (0.0): The script first scans the Lookback Period to find the lowest low price. This point becomes the 0.0 anchor.
Finds Swing High (1.0): It then finds the highest high price that has occurred after the swing low. This point becomes the 1.0 anchor.
Draws Levels: Using this (0.0 to 1.0) range, the indicator draws 18 different Fibonacci levels, including common retracements (0.236, 0.382, 0.618), mid-points (0.5), and extensive extensions (1.618, 2.618, 3.618, and more).
Key Features
Fully Automatic: No manual drawing or adjustment needed.
Comprehensive Levels: Includes 18 customizable Fibonacci levels, from 0.0 to 3.618.
Highly Customizable:
Toggle the visibility of each individual Fibonacci level.
Customize the color for every level.
Adjust line thickness, style (Solid, Dashed, Dotted), and extensions (left/right).
Clear Labeling:
Option to show price labels on the right.
Option to show percentage/level labels on the left.
Clearly marks the 0.0 (Min) and 1.0 (Max) swing points.
Trend Line: Includes an optional trend line connecting the swing low and swing high.
Settings
Lookback Period: How many candles back to scan for the initial swing low (0.0 point).
Pivot Sensibility: The number of candles required to determine the pivot point.
Fibonacci Levels (Group): A complete list of toggles and color pickers for all 18 levels.
Visibility (Group): Controls for line style, label visibility, and line extensions.
This tool eliminates the need for manual Fibonacci drawing, providing a consistent and objective analysis of potential support and resistance zones. The levels automatically update as new highs are formed, ensuring your analysis stays relevant.
How It Works
Finds Swing Low (0.0): The script first scans the Lookback Period to find the lowest low price. This point becomes the 0.0 anchor.
Finds Swing High (1.0): It then finds the highest high price that has occurred after the swing low. This point becomes the 1.0 anchor.
Draws Levels: Using this (0.0 to 1.0) range, the indicator draws 18 different Fibonacci levels, including common retracements (0.236, 0.382, 0.618), mid-points (0.5), and extensive extensions (1.618, 2.618, 3.618, and more).
Key Features
Fully Automatic: No manual drawing or adjustment needed.
Comprehensive Levels: Includes 18 customizable Fibonacci levels, from 0.0 to 3.618.
Highly Customizable:
Toggle the visibility of each individual Fibonacci level.
Customize the color for every level.
Adjust line thickness, style (Solid, Dashed, Dotted), and extensions (left/right).
Clear Labeling:
Option to show price labels on the right.
Option to show percentage/level labels on the left.
Clearly marks the 0.0 (Min) and 1.0 (Max) swing points.
Trend Line: Includes an optional trend line connecting the swing low and swing high.
Settings
Lookback Period: How many candles back to scan for the initial swing low (0.0 point).
Pivot Sensibility: The number of candles required to determine the pivot point.
Fibonacci Levels (Group): A complete list of toggles and color pickers for all 18 levels.
Visibility (Group): Controls for line style, label visibility, and line extensions.
开源脚本
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.
免责声明
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.
开源脚本
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.
免责声明
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.