Auto DayWeekMonth Fib Levels R2 by JustUncleL
This indicator automatically draws up to Three Sets of Fibonacci Pivot levels based on the previous Candle period's Range (High-Low). The HLC3 is used as the default Pivotal level. Only the most Recent period Candle Levels are displayed. The longer Weekly and Monthly sets are particularly useful in finding long term Supply and Demand levels.
The three sets of selectable periods are spit into the following sets:
Each set has the option to display Extension levels.
The Pivotal Level HLC3 and Range = (High - Low), are extracted from previous Period Candle.
FIB LEVELS Colours (same in each period set):
The three sets of selectable periods are spit into the following sets:
- Daily Set (1,2,3,4,5,7,10 or 14 Days)
- Weekly Set (1,2,3,4,5,10, or 13 Weeks)
- Monthly Set (1,2,3,4,5,6,9 or 12 months)
Each set has the option to display Extension levels.
The Pivotal Level HLC3 and Range = (High - Low), are extracted from previous Period Candle.
FIB LEVELS Colours (same in each period set):
- Yellow = Pivot and Pivot Zone (HLC3 by default)
- Fuchsia = R1,S1 Levels 0.368 * Range
- Lime = R2,S2 Levels 0.618 * Range
- Red = R3,S3 Levels 0.786 * Range
- Aqua = R4,S4 Levels 1.000 * Range
- Green = R5,S5 Levels 1.236 * Range
- Orange = R6,S6 Levels 1.382 * Range
- Black = R7,S7 Levels 1.618 * Range
- Maroon = R8,S8 Levels 2.000 * Range
Notas de prensa:
R3 Patch
- Change "tickerid" to "ticker" in security calls, this allows script to work with Renko charts.
Notas de prensa:
Minor change
- Simplified the last candle test.
JustUncleL