Fibonacci Pivot Zones

Fibonacci Pivot Zones make use of the average price between the high, low & close of the previous session, while adding deviations based on Fibonacci numbers to form support and resistance zones, which can be used as targets for intraday and swing trading.

You can select the timeframe for the zones, for example 12 hour pivots to trade in 15m timeframe, or even monthly pivots to trade on the daily timeframe.

You can choose the different fibonacci levels on the menu, by default these are:

0.382
0.618
0.782
1

Enjoy!

Versionshinweise:

Update : Fixed 3rd Level from 0.782 to 0.786

Versionshinweise:

Second Update: Added a 3rd level of support and resistance using the zone between 1.382 and 1.618.

Versionshinweise:

Changed default width & added the option to show as zones or lines only with one click.

Versionshinweise:

-Now you can choose to show only the last set of pivot zones.
-Can now change linestyle.
-Negative levels wont show anymore.

Versionshinweise:

Fixed minor bug in the pivot line code.

Versionshinweise:

Updated to Pine V5
Better organized settings menu with color selection and more customization
Changed fill to gradient for more aesthetic look