OPEN-SOURCE SCRIPT

Moving Fib Based on Donchain/Pivot/BB

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This script's purpose is to provide the user with an indicator that automatically plots Fibonacci levels. The user has three main options for determining the Fibonacci's high and low. This indicator offers an ample number of settings, making it a modular Fibonacci overlay.

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The default setting is based on Donchian high and low.

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Another option is to base the high and low on TradingView's Pivot indicator.

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The last option is to determine Fibonacci levels based on Bollinger Bands.

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Add up to 16 Fib levels with customizable settings, plot them on a log scale, and explore various other settings to personalize the Fib overlay.
This indicator can be utilized for trading momentum or mean reversion strategies

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.