TheYangGuizi

Auto Fib

Took the code from LazyBears rsi-fib and made it so you could apply it to a chart. It plots fib levels between the high and low of a timeframe of your choosing. Seems to line up well with custom drawn fib levels.

Not sure if it's any better than just drawing the lines yourself, but whatever.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
study(title="FibFib", shorttitle="AutoFib", overlay=true)
fiblength=input(265)
maxr = highest(close, fiblength)
minr = lowest(close, fiblength)
ranr = maxr - minr

ON=plot( maxr , color=black,  title="1")
SS=plot( maxr - 0.236 * ranr, title="0.764", color=#3399FF )
SO=plot( maxr - 0.382 * ranr, title="0.618", color=blue )
FI=plot( maxr - 0.50 * ranr, title="0.5", color=lime )
TE=plot( minr + 0.382 * ranr, title="0.382", color=green )
TT=plot( minr + 0.236 * ranr, title="0.236", color=red )
ZZ=plot( minr , title="0", color=black )

fill(ON,SS, color=red)
fill(SS,SO, color=#3399FF)
fill(SO,FI, color=lime)
fill(FI,TE, color=lime)
fill(TE,TT, color=#3399FF)
fill(TT,ZZ, color=red)

Kommentarer

sir how to use this
+62 Svara
Have anybody used it in conjuction with autoview?
+17 Svara
patwari40261364 SheikhNaveed
+3 Svara
This is great, thank you. The most useful of all TView fib scripts yet so simple.

Should .764 be .786 or do you mean it as mainly negative .236?
+11 Svara
d14b0ll0s d14b0ll0s
@d14b0ll0s, BTW, what's the reasoning behind 265 as the look-back period?
+18 Svara
Hello, could you please post the script of the RSI-Fib because I can't find it?

Thank you!
+7 Svara
zaoza TheGreatBullOnTheStreet
Svara
@TheYangGuizi ,hey I have a script in TOS which runs based on support and resistance of fibs.Do you think you could look at it and see if it can be converted to trading view?
+3 Svara
How to get this indicator
+3 Svara
this is some good code
+3 Svara
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