TRK1912

1. Add the Script to TradingView
• Copy the Pine Script code I gave you.
• In TradingView, open the Pine Editor (bottom of the screen).
• Paste the code and click Add to Chart.
2. What You’ll See
• On your chart, Fibonacci retracement levels will be drawn automatically between the highest and lowest points in the last lookback bars (default = 100).
• Bollinger Bands (20-period SMA with ±2 standard deviations) will also appear.
• On the top-right corner, a table will show all Fibonacci levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) with their exact price values.
• All text in the table is black for clarity.
3. How It Updates
• Every new candle, the script recalculates the highest and lowest points in the lookback window.
• The Fibonacci levels and the table update automatically.
• You don’t need to manually redraw fibo lines — the script does it for you.
4. How to Interpret
• Fibonacci levels act as potential support/resistance zones.
• Bollinger Bands show volatility and overbought/oversold conditions.
• If price is near a Fibonacci level and touches the Bollinger upper/lower band, that’s a strong signal area.
• Example:
• Price near 61.8% fibo + lower band → possible bounce (long).
• Price near 38.2% fibo + upper band → possible rejection (short).
5. Customization
• You can change the value (default 100 bars) to adjust how far back the script finds the high/low.
• You can change Bollinger settings (, ) to fit your trading style.
• The table always shows the current fibo levels clearly, so you don’t need to measure them manually.