Fibonacci Pivot Range

This is based on Fibonacci Pivot Points. I forked "CristianD CD_PivotR" code for this. Thanks

"Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels."

Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}

Adding more support or resistance levels should be really easy.

Versionshinweise

I changed the supp1 and res1 from 0.382 to 0.236 and supp2/res2 from 0.618 to 0.382
I think it makes more sense. and 0.618 is too extreme.

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0.618 is back. Cryptocoin markets are volatile enough to make it useful. Also, renamed it to "Bestest Fibonacci Pivot Range aka "Fib_Piv" so it's easier to find.

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Removed unrelated scripts from preview

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Removed unrelated scripts from preview

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Fixed a stupid copy/paste mistake. Now you can see the 0.618 line too.

Added transparency: 45

P line thickness is 2, the rest are 1

Please adjust it to your liking and screen res.

Any ideas or requests? Please post as comments.

PS! The way I use it is that I fire it up, use line tool to draw over today's and yesterdays lines and then hide the script. This way charts zoom in/out, scale etc work better.

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Made it more visible on white background. Pivot point (green) S2 and R2 are now lines and from channel. You can change that from the settings.
Renamed the points.

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Shortened the indicator titles/labels

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Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D

Versionshinweise

Clean-up and update to version 4
Added level 1.0, level 0.236 is now optional

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.

alskdj

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Open-source Skript

alskdj