ZigZag with Fibonacci Levels

10 Dis 2020

Hello Traders,

This is "ZigZag with Fibonacci Levels" script. It finds the ZigZag, draw Fibonacci lines and put labels accordingly. I get many requests for this script, so here it is.

You can set ZigZag period as you wish. Bigger numbers (such 20, 30) may give better perspective and result.

It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.

As an example:


if you don't want to see ZigZag Lines then you have option to disable it and see only Fibonacci levels:


You have coloring options for Zigzag, Fibonacci lines and texts:



Enjoy!

10 Dis 2020

Nota Keluaran

Added Price Levels to the labels.

28 Dis 2020

Nota Keluaran

- You have now option to enable/disable following Fibonnaci Levels:
---> 0.236
---> 0.382
---> 0.500
---> 0.618
---> 0.786
- "Label Location" option added. Fibonacci levels can be shown at Left or Right. when the session is closed then labels at right may not be shown accordingly.

An example: some fibonacci levels disabled, also labeling at right.

29 Sep 2021

Nota Keluaran

Options improved
Zigzag part improved
round_to_mintick() function used
bar_index is used for labels (instead of time)

4 Okt 2021

Nota Keluaran

updated