This indicator allows the user to visually identify a swing High/Low and place a marker which will measure 2 candles either side of the swing point for the lowest body.
Once identified apply a 50% Fib to the body to ID a break out point and allow an alert to be placed.
Subsequently measures a 25% fib retracement of the breakout for a potential entry point. Alerts may also be created.
This does not provide trading signals nor is designed to do so.
It is not a trading strategy.
Once identified apply a 50% Fib to the body to ID a break out point and allow an alert to be placed.
Subsequently measures a 25% fib retracement of the breakout for a potential entry point. Alerts may also be created.
This does not provide trading signals nor is designed to do so.
It is not a trading strategy.
Versionsinformation:
VER 1.01 Updated Fib Measurements.
Versionsinformation:
Midpoint altered.
Versionsinformation:
Ver 1.0 New script
Versionsinformation:
Life 1.0 Amended Script re Markers
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.