INVITE-ONLY SCRIPT

Yearly Levels for Day Traders

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The above is the five minutes chart for AAPL


The script is useful in identifying price levels for the short term trading. The inputs are based on Fibonacci ratios but on yearly basis.

You will need to enter the pair ratio for where the stock is between ( I will show you).


Those pairs are as follows:

R1/R2
(0/0.23)
(.23/.38)
(.38/.61)
(.61/1)
(1/1.61)
(1.61/2.61)
(2.61/4.23)
(4.23/6.859)
(6.85/11.08)
(11.08/17.94)
(17.94/29.05)
(29.05/46.95)
(46.95/75.99)
(75.99/122.99)

I personally added the indicator multiple times to a template and put in all the pairs so I do not have to enter the pair each time.



The script does not tell you which level is a bottom or a top. Your experience matters.

If you are interested please PM me the username:

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.