OPEN-SOURCE SCRIPT
Re-Anchoring Fibo Levels
The "Re-Anchoring Fibo Levels" offers a dynamic and systematic approach on how to use Fibonacci retracements. The resistance levels are based on the all-time high and the subsequent lowest low. The support levels are based on the lowest low after the all-time high and the following highest high. This method provides traders with automatically updated support and resistance levels based on current significant pivot points.
How It Works
Resistance Levels: The levels are calculated based on the current all-time high and the following lowest low. This range is multiplied with the defined Fibonacci ratios and the levels are plotted.
Support Levels: The support levels are calculated based on the lowest low and highest high after and below the current all-time high. The range between those to pivot points is multiplied with the defined Fibonacci ratios and the levels are plotted.
How To Use
By comparing current prices to dynamically adjusted Fibonacci levels, traders can gain insights into the strength and potential direction of market trends and are also presented with potentially significant levels that can function either as resistance or support.
How It Works
Resistance Levels: The levels are calculated based on the current all-time high and the following lowest low. This range is multiplied with the defined Fibonacci ratios and the levels are plotted.
Support Levels: The support levels are calculated based on the lowest low and highest high after and below the current all-time high. The range between those to pivot points is multiplied with the defined Fibonacci ratios and the levels are plotted.
How To Use
By comparing current prices to dynamically adjusted Fibonacci levels, traders can gain insights into the strength and potential direction of market trends and are also presented with potentially significant levels that can function either as resistance or support.
Script de código abierto
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Follow me on X: x.com/PhilippWeber_
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.