OPEN-SOURCE SCRIPT
Litecoin LTC Logarithmic Fibonacci Growth Curves
HOW THIS SCRIPT IS ORIGINAL: there is no similar script dedicated to LTC, although there are similar ones dedicated to BTC. (This was created by modifying an old public and open source similar script dedicated to BTC.)
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。