™TradeChartist Fib Extensions™TradeChartist Fib Extensions is a free to use script that helps traders plot Fibonacci Extensions on chart. Even though Trading View has a Fib extensions tool, some traders may prefer a plotting script like this with Fib plot lines extending across the whole of the chart to track historic prices in relation to Fib extensions drawn.
----To draw Fib extensions for uptrend ,
1. Choose a Pivot Low point (LL or a HL) as Pivot 1
2. Choose a Pivot High point (must be higher than Pivot 1) as Pivot 2
3. Choose a Pivot Low point (must be lower than Pivot 2, must be Higher than Pivot 1)
----To draw Fib extensions for downtrend,
1. Choose a Pivot High point (HH or a LH) as Pivot 1
2. Choose a Pivot Low point (must be lower than Pivot 1) as Pivot 2
3. Choose a Pivot High point (must be higher than Pivot 2 and lower than Pivot 1)
Negative extensions of -23.6% and -61.8% fib plots may be useful for some to spot reversals or to set stop losses.
Higher levels can be used if price goes beyond 161.8%
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script
Check my 'Scripts' page to see other published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.
Fibextension
Fibonacci Automatic CalculatorHey friends,
This indicator calculates the fibonacci levels by looking back long term, 365 days low and all time high. In fact, it also calculate fibonacci levels by looking back short term, 120 days low and all time high. But, it does stay there and combines those two and shows it in one simple indicator. As a result, for the first time, we can let the script do the drawing on the background for not only the long term but also the short term.
ALL you need to know is only 2 things:
1. The value bigger than 10 meaning it is in RLZ. (61.8 fibonacci level for long)
2. The value lower than -10 meaning it is in RLZ Sell.(61.8 fibonacci level for short)
I have been working hard to make this indicator that is automatically recognizing the fib levels and giving us values depending on where the current price is.
There are exceptions that i have recently added to make sure we can still calculate fibs for coins that existed less than a year or 3 months.
I use this indicator for my price entry and exit.
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For more details and inquiries please pm me.
Highly recommend using this Fibonacci Calculator with UncleBo indicator which does all the price-momentum-volume analysis all together including this indicator!
I will share this unique indicator to anyone who likes and commends his or her thoughts. Positive Mental Attitude For The Win :)
